CRA Newswire

CDFI Fund: Application Demand for CY 2023 Round of the NMTC Program Released

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received 196 applications for the calendar year (CY) 2023 round of the New Markets Tax Credit Program (NMTC Program). The NMTC Program advances economic development in economically distressed communities by making tax credit allocations available to Community Development…

CDFI Fund: Application Demand for FY 2024 Round of Small Dollar Loan Program Released

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the application data for the fiscal year (FY) 2024 round of its Small Dollar Loan Program (SDL Program). The SDL Program is intended to expand consumer access to financial institutions by providing alternatives to high-cost small dollar lending. Up to…

Census Bureau: Additional American Community Survey Selected Population Tables and American Indian and Alaska Native Tables Now Available

The U.S. Census Bureau today released additional 2017-2021 American Community Survey (ACS) 5-Year Selected Population Tables (SPT) and American Indian and Alaska Native Tables (AIANT) on data.census.gov and the Application Programming Interface (API) to address over-suppression for some groups and geographies within the original June 2023 release. More information about geographic area and group combinationsthatreceived additional tabulations is available on the Race, Ethnicity,…

SBA: Empower to Grow Announced, a Revitalization of the 7(j) Training Program to Enhance Small Disadvantaged Business Contract Readiness

Improvements to 7(j) Training Program Comes as SBA Releases New Data Showing Increase in Contracting Dollars for Small Disadvantaged Businesses 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 a slate of major improvements to the implementation of the…

HUD and Census Bureau: New Residential Sales Report for December 2023 Released

 The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for December 2023: New Home Sales Sales of new single‐family houses in December 2023 were at a seasonally adjusted annual rate of 664,000, according to estimates released jointly today by the U.S. Census…

Agenices Sign Joint Letter Asking Utility Companies to Make Energy and Water Usage Data Available for Multifamily Properties

Leaders at HUD, the DOE, and the EPA join forces to seek data that will facilitate green upgrades to the nation’s housing stock Today, the leaders of the U.S. Department of Housing and Urban Development (HUD), U.S. Department of Energy (DOE), and U.S. Environmental Protection Agency (EPA) announced a joint letter asking for the nation’s…

EDA: $3.1 Million Invested to Support Economic Growth in Iberia Parish, LA

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3.1 million grant to Sewerage District No. 1 of Iberia Parish, New Iberia, Louisiana, for wastewater infrastructure improvements to support business and research growth in the Acadiana region. This grant will support the design and construction of a…

EDA: $2.3 Million Invested to Support Boatyard Modernization at the Port of Port Townsend, WA

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 Port of Port Townsend, Washington, to support the acquisition of critical maritime infrastructure needed to expand port operations. This grant will support the acquisition of a new, variable-width boat hoist with a 300-ton…

Federal Reseve: Bank Term Funding Program Will Cease Making New Loans on March 11th

The Federal Reserve Board on Wednesday announced that the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11. The program will continue to make loans until that time and is available as an additional source of liquidity for eligible institutions. During a period of stress last spring, the Bank…

CFPB: Rule Proposed to Prohibit NSF Fees on Declined Right at Swipe, Tap, or Click Transactions

Proposed rule would prohibit non-sufficient funds fees on transactions declined right at the swipe, tap, or click The Consumer Financial Protection Bureau (CFPB) proposed today to block banks and other financial institutions from one potential source of new junk fee revenue – fees on transactions declined right at the swipe, tap, or click. The proposed rule…