EDA: $4.4 Million Invested to Support Infrastructure Improvements in Madras, OR
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $4.4 million grant to the city of Madras, Oregon, to support infrastructure improvements designed to help revitalize the community’s downtown area for business expansion and growth. This grant will support stormwater infrastructure improvements, including the installation of more…
EDA: $2 Million Invested to Support Workforce Development Efforts in Hazard, KY
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Pine Ridge Regional Industrial Authority, Inc. in Hazard, Kentucky, to construct a new laboratory building for the Hazard Community and Technical College. This grant will support workforce development in a variety of sectors,…
EDA: $1.3 Million Invested to Support Business and Job Growth in South Boston, VA
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.3 million grant to the SOVA Innovation Hub in South Boston, Virginia, to bolster small business development in the region. This grant will support building renovation to create a digital maker space, community gathering space and co-working offices….
EDA: $1.2 Million Invested to Support Disaster Relief and Recovery Efforts in Berea, KY
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to the Mountain Association for Community Economic Development (MACED) in Berea, Kentucky, to support disaster relief and recovery efforts following severe storms and flooding in July 2022. This investment will support a disaster recovery coordinator…
EDA: $960,000 Invested to Support Construction Business Development in Newark, NJ
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $960,000 grant to The Enterprise Center in Philadelphia, Pennsylvania, to establish the Infrastructure Innovations and Business Opportunities Center in Newark, New Jersey. This grant will connect socially and economically disadvantaged contractors and businesses to large-scale infrastructure projects in the region. This EDA…
FEMA: President Biden Approves Major Disaster Declaration for Wyoming
FEMA announced that federal disaster assistance has been made available to the state of Wyoming to supplement recovery efforts in the areas affected by flooding on June 15, 2023. Public Assistance federal funding is available to the state, eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency work and the repair or…
FHFA: New Phase of Public Engagement Process Announced for Updated Credit Score Requirements
Today, the Federal Housing Finance Agency (FHFA) announced additional opportunities for ongoing public engagement to facilitate the transition to updated credit score models and credit report requirements for loans acquired by Fannie Mae and Freddie Mac (the Enterprises). This engagement, which will include stakeholder forums and listening sessions, will allow for identification of a wide…
ABA: Bank Economists Note “Soft Landing” Odds Have Improved but Recession Risks Remain
Despite an expected loss of momentum in U.S. economic growth over the next few quarters, the U.S. economy is likely to dodge a recession, according to the latest forecast of the American Bankers Association’s Economic Advisory Committee. The committee, composed of 14 chief economists from some of North America’s largest banks, sees real economic growth…
HUD: Updated HUD Housing Counseling Program Handbook Released to Better Equip Housing Counseling Partners to Support Renters, Homebuyers, and Homeowners
First Set of Comprehensive Updates to Housing Counseling Program Handbook provide participants with the latest guidance to assist consumers with their housing needs Today, the U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling (OHC) published an update to its Housing Counseling Program Handbook. The update is the first set of comprehensive changes implemented since 2010…