Construction led all sections in the largest rate of employment growth with an increase of 5.0 percent from 2015 to 2016, according to new U.S. Census Bureau economic statistics released today. Overall, construction employment grew from 6.0 million in 2015 to 6.3 million in 2016. In addition, annual payroll in […]
HUD: University of Maryland Wins HUD’s Innovation in Affordable Housing Student Design and Planning Competition
The U.S. Department of Housing and Urban Development (HUD) today announced the University of Maryland, College Park as the winner of its 2018 Innovation in Affordable Housing Student Design and Planning Competition. A team of graduate students received top honors for their project, Beacon Crossing—a plan for public housing in […]
FEMA: President Trump Approves Major Disaster Declaration for West Virginia
The Federal Emergency Management Agency (FEMA) announced today that federal disaster assistance has been made available to the state of West Virginia to supplement state and local recovery efforts in the areas affected by severe storms, flooding, landslides and mudslides from February 14 to February 20, 2018. Federal funding is […]
FEMA: President Trump Approves Major Disaster Declaration for Ohio
The Federal Emergency Management Agency (FEMA) announced today that federal disaster assistance has been made available to the state of Ohio to supplement state and local recovery efforts in the areas affected by severe storms, flooding and landslides from February 14 to February 25, 2018. Federal funding is available to […]
HUD and Census Bureau: Residential Construction Activity Report for March 2018
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for March 2018. Building Permits Privately owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,354,000. This is 2.5 percent […]
SBA: CDC Small Business Finance Wins SBA’s 2018 Jody C. Raskind Award
The Certified Development Company (CDC) Small Business Finance, a California-based SBA 504 CDC Lender, Community Advantage Lender and Microloan Intermediary, has been selected as this year’s Jody C. Raskind Award recipient. This recognition is presented annually by the U.S. Small Business Administration to a mission-focused lender that has distinguished itself […]
CDFI Fund: First-Time CDFI Fund Grant Applicants Should Register with SAM.gov ASAP
Process for registering new entities may increase application time Are you interested in applying for an upcoming Community Development Financial Institutions Fund (CDFI Fund) program round, but you haven’t registered in the General Services Administration (GSA) System for Award Management (SAM) yet? Please pay close attention to the following information: […]
ABA: Bankers Celebrate 21st Annual Teach Children to Save on April 20th
Estimated 444,000 students will be reached in 2018 through Teach Children to Save More than 12,500 bankers will host financial education events across the country this week in celebration of Teach Children to Save Day on April 20. Since 1997, Teach Children to Save and the ABA Foundation’s financial education […]
FDIC: Guidance to Help Financial Institutions and Facilitate Recovery in Areas of American Samoa Affected by Tropical Storm Gita
Summary: The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of American Samoa affected by Tropical Storm Gita. Statement of Applicability to Institutions with Total Assets under $1 Billion: This Financial Institution Letter applies to all FDIC-supervised financial […]
Federal Reserve: Application Period Open for Community Advisory Council Membership
The Federal Reserve Board announced on Monday that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council (CAC). The CAC was formed in 2015. It advises the Board on issues affecting consumers and communities and complements two of the Board’s other […]