HUD and Census Bureau: New Residential Sales Report for August 2022 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 August 2022: New Home Sales Sales of new single‐family houses in August 2022 were at a seasonally adjusted annual rate of 685,000, according to estimates released jointly […]

HUD: Over $125 Million Awarded to Protect Families from Lead and Other Home Health and Safety Hazards

Funding to make low-income families’ homes safer and healthier The U.S. Department of Housing and Urban Development (HUD) today awarded over $125 million to 26 state and local government agencies to protect children and families from lead-based paint hazards and additional home health hazards. HUD is providing these grants through […]

FHFA: New Rule Proposed to Help Enterprises Better Serve Colonias

Amendments will remove barriers to Enterprise Duty to Serve activities in high-needs rural regions  The Federal Housing Finance Agency (FHFA) today proposed to amend the Agency’s Duty to Serve (DTS) Underserved Markets regulation to facilitate Fannie Mae and Freddie Mac’s (the Enterprises) activities related to serving colonias. “FHFA is committed […]

ABA: ABA Sues CFPB for Abuse of Statutory Authority

The American Bankers Association today joined the U.S. Chamber of Commerce, Longview Chamber of Commerce, Texas Bankers Association, Independent Bankers Association of Texas, Texas Association of Business and the Consumer Bankers Association in filing a lawsuit against the Consumer Financial Protection Bureau and Rohit Chopra in his official capacity as director of […]

EDA: $53 Million in American Rescue Plan Funds and CARES Act Recovery Assistance Invested Last Week

Last week, the following grants were made under the American Rescue Plan Funds and CARES Act Recovery Assistance programs: September 28, 2022 – U.S. Department of Commerce Invests $1.2 Million in American Rescue Plan Funds to Boost Tourism by Making Recreational Infrastructure Improvements in Portland, Oregon September 27, 2022 – U.S. Department […]

EDA: $915,900 Invested to Support Food Business Growth in Farmington, NM

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $915,900 grant to San Juan College, Farmington, New Mexico, to renovate and repurpose a city building to support the Harvest Food Hub and Kitchen. This grant will provide commercial kitchen space, training, and technical assistance for food […]

EDA: $1.1 Million Invested for Infrastructure Improvements to Establish an Industrial Park and Support Business Development in Watertown, SD

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million grant to the city of Watertown, South Dakota, for construction, water, and roadway infrastructure improvements to establish a new industrial park. This infrastructure and industrial park will create new opportunities […]

EDA: $1.5 Million Invested for Water Infrastructure Improvements to Support Bioprocessing Business Growth in Blair, NE

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the city of Blair, Nebraska, for waterline expansion to support bioprocessing business growth. This grant will provide increased water capacity to the city’s biocampus, allowing for businesses to expand […]

EDA: $1.5 Million Invested for Water Infrastructure Upgrades to Support Business Expansion in West Branch, MI

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to the city of West Branch, Michigan, to construct a water treatment plant and a new well. This grant will increase water service and expand capacity in the region’s employment […]

EDA: $1.6 Million Invested to Support Growth of Tourism and Outdoor Recreation Sector in Ecorse, MI

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to the city of Ecorse, Michigan, to boost the local tourism economy by expanding the John D. Dingell Park and a boat launch on the Detroit River. This grant will […]