FEMA: President Biden Approves Major Disaster Declaration for Arkansas
FEMA announced that federal disaster assistance is available to the state of Arkansas to supplement recovery efforts in the areas affected by severe storms, straight-line winds, tornadoes and flooding from May 24-27, 2024. The President’s action makes federal funding available to affected individuals in Benton, Boone and Marion counties. Assistance can include grants for temporary…
HUD: $44 Million Invested to Transform Residents’ Lives
HUD’s programs will be used to equip residents with the tools and resources they need to achieve financial stability, lower housing costs, and build generational wealth. The U.S. Department of Housing and Urban Development (HUD) today announced $44 million in Fiscal Year (FY) 2023 funding through the Family Self Sufficiency (FSS) Program and the Resident…
HUD: Disaster Assistance Announced for Nebraska Survivors
The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of Nebraska and ordered Federal assistance to State, tribal, and local recovery efforts in the areas affected by severe winter storms, and straight-line winds from April 6 to April 7, 2024. President Biden issued a major disaster declaration…
HUD: Disaster Assistance Announced for Maine Survivors
The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of Maine and ordered Federal assistance to State, tribal, and local recovery efforts in the areas affected by severe winter storms, from April 3 to April 5, 2024. President Biden issued a major disaster declaration in counties of…
FDIC: CRA Examination Schedules for Third and Fourth Quarters 2024 Issued
The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the third quarter 2024 and fourth quarter 2024. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of each quarter. …
Agencies Issue Host State Loan-to-Deposit Ratios
Federal bank regulatory agencies today jointly issued updated host state loan-to-deposit ratios that are used to evaluate compliance with the Riegle-Neal Interstate Banking and Branching Efficiency Act. Each respective host state loan-to-deposit ratio shows the ratio of total loans in a state to total deposits in the state for all banks that have that state…
SBA: New Actions and Resources Announced to Advance Clean Energy Economy
SBA Removes Cap on Loans for Clean Energy Projects Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced that the agency has removed its 504 Loan Program’s cap on lending for clean energy projects as part of broader…
EDA: $2.6 Invested for Water Infrastructure Improvements to Support Healthcare and Workforce Development in Terrebonne Parish, LA
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.6 million grant to Terrebonne Parish Consolidated Government in Houma, Louisiana, for water infrastructure improvements to support healthcare and workforce development in the region. This grant will design and construct a new water line to service the new…
EDA: $2.3 Million Invested for Roadway Infrastructure Improvements to Support Economic Growth in Ruidoso, NM
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.3 million grant to the Village of Ruidoso, New Mexico, for roadway infrastructure improvements needed to support business and economic growth. This grant will design the restructure of the U.S. Highway 70 and NM Highway 48 intersection to…
EDA: $637,147 Invested to Support Disaster Resiliency and Economic Growth in San Jose, CA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $637,147 grant to San Jose State University Research Foundation in San Jose, California, to strengthen the Moss Landing Marine Laboratory site against sea level rise and natural disasters, and to spearhead development of a working waterfront to serve as a commercial asset…