Census Bureau: The Number of People Working from Home Tripled Between 2019 and 2021
U.S. Census Bureau releases new 2021 American Community Survey 1-year estimates for all geographic areas with populations of 65,000 or more. Between 2019 and 2021, the number of people primarily working from home tripled from 5.7% (roughly 9 million people) to 17.9% (27.6 million people), according to new 2021 American Community Survey (ACS) 1-year estimates…
HUD: $9 Million Awarded to Provide Rental Assistance to Native American Veterans Experiencing Homelessness
The U.S. Department of Housing and Urban Development (HUD) today awarded 28 Tribal HUD-Veterans Affairs Supportive Housing (Tribal HUD-VASH) renewal awards, totaling more than $9 million, to provide rental assistance and supportive services to Native American Veterans experiencing or at risk of homelessness. “HUD is committed to serving Native American Veterans by ensuring that they…
HUD: $9 Million Awarded to Provide Rental Assistance to 218 Households with HIV/AIDS
The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $9 million to provide tenant-based rental assistance and supportive services to an estimated 218 households where one or more members are living with HIV/AIDS. The funds were awarded through HUD’s Housing Opportunities for Persons With AIDS (HOPWA) Program, the only Federal program dedicated…
OCC: Report Shows Overall Mortgage Performance Improvement
The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the second quarter of 2022. The OCC Mortgage Metrics Report, Second Quarter 2022 showed that 97 percent of mortgages included in the report were current and performing at the end of the quarter, compared…
CDFI Fund: FY 2022 CDFI Equitable Recovery Program Applications Due by September 22nd
As a reminder for fiscal year (FY) 2022 CDFI Equitable Recovery Program (CDFI ERP) Applicants, the deadline for online submission of the Application through the CDFI Fund’s Awards Management Information System (AMIS) is September 22, 2022 at 11:59 PM ET. To ensure a successful Application submission, the CDFI Fund encourages all FY 2022 CDFI ERP Applicants to…
CFPB: New Study Details the Rapid Growth of “Buy Now, Pay Later” Lending
Today, the Consumer Financial Protection Bureau (CFPB) published a report offering key insights on the Buy Now, Pay Later industry. The report, Buy Now, Pay Later: Market trends and consumer impacts, finds that industry grew rapidly during the pandemic, but borrowers may receive uneven disclosures and protections. The five firms surveyed in the report originated 180…
Census Bureau: Household Pulse Survey Phase 3.6 Begins
The U.S. Census Bureau today announced the beginning of data collection for phase 3.6 of the experimental Household Pulse Survey (HPS). The HPS is an effort by the Census Bureau and other federal statistical agencies to provide near real-time data on how the COVID-19 pandemic, and changes in social and economic conditions are affecting people’s lives to…
SBA: New Collaboration with Operation HOPE Announced in Los Angeles Aimed at Empowering Black-Owned Small Businesses
Through New Alliance, Administrator Guzman, CEO Bryant, and Local Stakeholders Will Join Forces to Raise Awareness of Tools and Resources to Benefit Entrepreneurs from Underserved Communities Across the Nation Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33 million small businesses in President Biden’s Cabinet, joined John…
EDA: Over $54 Million in American Rescue Plan Funds Invested Last Week
The following grants were made under the American Rescue Plan Funds program: September 13, 2022 – U.S. Department of Commerce Invests $6.7 Million in American Rescue Plan Funds to Support Tourism Sector Through Development of New Visitor Infrastructure in Matanuska-Susitna Borough, Alaska September 13, 2022 – U.S. Department of Commerce Invests $5.8 Million in American Rescue Plan…
EDA: $3.1 Million Invested to Support Business Development and Job Growth in North Carolina
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $3.1 million in grants to support business development and job growth in North Carolina communities impacted by the declining use of coal. Gateway Research Park Inc., Greensboro, will receive a $2.1 million grant to expand a manufacturing facility…