HUD: $5.5 Billion in Grants Announced for Affordable Housing, Community Development and Homeless Assistance to Drive Economic Growth
Funding empowers 1,200 communities: addressing urgent local needs, boosting economic growth, enhancing community resilience, creating jobs, and advancing housing solutions. The U.S. Department of Housing and Urban Development (HUD) today announced $5.5 billion in funding that will go to 1,200 communities through more than 2,400 grants to States, urban counties, insular areas, DC, Puerto Rico, and localities…
EDA: $3.4 Million Invested for Building Renovations to Support Job Creation and Business Development in Charleston, WV
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3.4 million grant to Advantage Valley, Inc., for renovations to the former Vossloh Track Building. This grant will support job creation and private investment by attracting new businesses to the region. This EDA investment will be matched with…
EDA: $3.1 Million Invested for Water Infrastructure Improvements in Lancaster, SC
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3.1 million grant to the city of Lancaster, South Carolina, for water infrastructure improvements. This grant will provide increased water and sewer access to local businesses and first responders in downtown Lancaster. This EDA investment will be matched…
EDA: $3 Million Invested for Irrigation Infrastructure Improvements in Jemez Pueblo, MN
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the Pueblo of Jemez in Jemez Pueblo, New Mexico, for irrigation infrastructure improvements on Tribal land. This grant will expand water supplies for the local farming community and food vendors following a series of…
EDA: $2.2 Million Invested for High-Speed Internet Access on Tribal Land in Louisiana
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.2 million grant to the Coushatta Tribe of Louisiana in Elton, Louisiana, to construct fiber optic cable on Tribal land in both Allen and Jefferson Parish. This grant will construct fiber optic cable along U.S. 165, bringing high-speed…
EDA: $600,000 Invested to Bolster Business Growth in Tulare, CA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,000 grant to the city of Tulare, California, to make building renovations to accommodate new business growth and startup expansion. This grant will support the creation of a fabrication facility which will house 3D printers, laser cutters, and other equipment small businesses…
HUD: Additional Relief Extended to Borrowers in Maui, HI
Federal Housing Administration to extend foreclosure moratorium through August 4, 2024, to help homeowners impacted by 2023 wildfires. Today, the U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), announced it is extending its foreclosure moratorium for borrowers with FHA-insured mortgages in Maui County, HI, through August 4, 2024. FHA is taking…
HUD: New Critical Investments Announced for the Nation’s Public Housing
The Public Housing Repair fund will allow housing authorities to modernize or develop public housing for individuals, families, and seniors. Today, the U.S. Department of Housing and Urban Development (HUD) awarded $3.17 billion in Public Housing Repair funding to 2,756 public housing authorities (PHAs) in all 50 states as well as the District of Columbia,…
Agencies Issue Proposal on Incentive-Based Compensation
The Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Federal Housing Finance Agency (FHFA), have adopted a Notice of Proposed Rulemaking (NPR) to address incentive-based compensation arrangements, as required under section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (section 956). The National Credit…
FEMA: President Biden Approves Major Disaster Declaration for Nebraska
FEMA announced that federal disaster assistance is available to the state of Nebraska to supplement recovery efforts in the areas affected by severe storms, straight-line winds and tornadoes from April 25 – 27, 2024. The President’s action makes federal funding available to affected individuals in Douglas and Washington counties. Assistance can include grants for temporary…