Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.4 million grant to Central Michigan University, Mount Pleasant, Michigan, for renovations to the Central Michigan University Research Corporation incubator and accelerator. This investment will support local entrepreneurs through office renovation […]
EDA: Over $49 Million in American Rescue Plan and CARES Act Recovery Assistance Invested
In the last week, the following grants were made under the American Rescue Plan Funds program or the CARES Act Recovery Assistance Program: May 10, 2022 – U.S. Department of Commerce Invests $3.9 Million in American Rescue Plan Funds to Support Business and Job Growth in Texas May 10, 2022 – U.S. […]
HUD: Eviction Protection and Diversion Program Expanded with Additional $20 Million
The U.S. Department of Housing and Urban Development (HUD) on Monday announced $20 million in new grants for its Eviction Protection Grant Program, doubling the amount originally allocated for the launch of the Program in November 2021. HUD has offered grants to 11 organizations, in addition to the 10 organizations selected […]
HUD: Action Taken to Expand Broadband to Low-Income Households under Affordable Connectivity Program
Secretary Fudge reiterates commitment to expanding equitable access to affordable broadband coverage in rural, urban, and suburban communities The U.S. Department of Housing and Urban Development (HUD) today informed more than 4 million HUD-assisted families that receiving benefits from the Bipartisan Infrastructure Law’s Affordable Connectivity Program (ACP) does not count […]
CFPB: Advisory Opinion on Coverage of Fair Lending Laws Issued
Equal Credit Opportunity Act continues to protect borrowers after they have applied for and received credit Today, the Consumer Financial Protection Bureau (CFPB) published an advisory opinion to affirm that the Equal Credit Opportunity Act (ECOA)—a landmark federal civil rights law protecting individuals and businesses against discrimination in accessing and […]
ABA: Bankers Associations Partner to Strengthen Nationwide Online Banking Career Center
The American Bankers Association has teamed with the Illinois Bankers Association and 32 other state bankers associations to deliver an enhanced BankTalentHQ.com, an innovative banking career hub for banks looking to hire and job seekers across the country. The online career center allows users to search for and post available positions […]
Joint Statement on Continued Efforts to Connect Homeowners to Pandemic Relief Issued
The Secretaries of Housing and Urban Development Marcia L. Fudge, Veterans Affairs Denis McDonough, Agriculture Tom Vilsack and Treasury Janet L. Yellen are calling on servicers of federally backed mortgages to make every effort to ensure no individual or family unduly experiences unnecessary hardship or foreclosure while assistance is available […]
HUD: Disaster Assistance Announced for New Mexico Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to State and local recovery efforts in the areas of New Mexico affected by wildfires and straight-line winds beginning on April 5, 2022, and continuing. On May 4, President Biden issued a major disaster declaration […]
FEMA: President Biden Approves Major Disaster Declaration for New Mexico
FEMA announced that federal disaster assistance has been made available to the state of New Mexico to supplement state and local recovery efforts in the areas affected by wildfires and straight-line winds beginning on April 5 and continuing. The President’s action makes federal funding available to affected individuals in Colfax, […]
HUD: FHA Takes Additional Steps to Expand Affordable Housing Supply through FHA’s Claims without Conveyance of Title
Mortgagee Letter supports the Biden-Harris Administration’s efforts to increase the supply of affordable housing and expand access to homeownership for low- and moderate-income homebuyers. The Federal Housing Administration (FHA) announced on Thursday that it published Mortgagee Letter (ML) 2022-08, Expanding Affordable Housing Supply Through FHA’s Claims Without Conveyance of Title. The ML […]