ABA: Credit Card Market Continued to Normalize in Third Quarter 2022
Consumers continued to effectively manage their credit obligations despite economic headwinds in the third quarter of 2022, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. The report found that the effective finance charge yield (which measures interest payments relative to total outstanding credit) increased, reflecting the Federal Reserve’s interest rate hikes…
HUD: Additional $3.4 Million in American Rescue Plan Funds Available for the Fair Housing Initiatives Program
Agencies can apply to grants opportunities to fight housing discrimination related to the COVID-19 Pandemic until May 11, 2023; Resources build on COVID-19 related loss mitigation efforts that kept nearly 2 million people in their homes during the COVID-19 National Emergency The U.S. Department of Housing and Urban Development (HUD) announced today that it is…
HUD: Updated Guidance Published for Section 8 Project-Based Rental Assistance Contract Renewals
Section 8 Renewal Guidebook provides updated policies and processes for rent comparability studies required as part of Section 8 Housing Assistance Payment Contract renewals. The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced today newly updated guidance for owners of properties participating in its Section 8 Project-Based Rental Assistance (PBRA) program….
SBA: 2023 Exporter of the Year Announced
Today, the U.S. Small Business Administration (SBA) announced that Sciencix, headquartered in North Carolina, has been named the 2023 Small Business Exporter of the Year. The company will be recognized during SBA’s National Small Business Week, an annual event honoring the accomplishments and contributions of small businesses from across the Nation. “With a growing list of clients…
SBA: Small Business Investment Companies of the Year Announced
Companies and their managers to be formally recognized during National Small Business Week Awards Ceremony Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and voice in President Biden’s Cabinet for America’s 33 million small businesses, announced Stonehenge Community Impact Fund, L.P. of Columbus, Ohio, and Balance Point Capital Partners, L.L.C. of Westport, CT…
FEMA: President Biden Approves Major Disaster Declaration for Mississippi
FEMA announced that federal disaster assistance has been made available to the state of Mississippi to supplement state, tribal and local recovery efforts in the areas affected by severe storms, straight-line winds and tornadoes on March 24-25, 2023. The President’s action makes federal funding available to affected individuals in Carroll, Humphreys, Monroe and Sharkey counties. Assistance…
FDIC: First–Citizens Bank & Trust Company, Raleigh, NC, to Assume All Deposits and Loans of Silicon Valley Bridge Bank, N.A., from the FDIC
The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement for all deposits and loans of Silicon Valley Bridge Bank, National Association, by First–Citizens Bank & Trust Company, Raleigh, North Carolina. The 17 former branches of Silicon Valley Bridge Bank, National Association, will open as First–Citizens Bank & Trust Company on Monday,…
FEMA: President Biden Approves Major Disaster Declaration for Maine
FEMA announced that federal disaster assistance has been made available to the state of Maine to supplement state, tribal and local recovery efforts in the areas affected by a severe storm and flooding on Dec. 23-24, 2022. Public Assistance federal funding is available to the state, tribal and eligible local governments and certain private nonprofit…
FEMA: Updated Guide Released to Help Communities with Resilience Grants Process
FEMA released an updated and consolidated guidance to help grant applicants successfully navigate our mitigation grant programs to enhance climate resiliency. Following a multi-year effort and robust community engagement, FEMA updated the Hazard Mitigation Assistance Program and Policy Guide to reduce complexities and increase stakeholder accessibility to resilience grant programs. This is the first update to the guide…
Census Bureau: Household Pulse Survey Phase 3.8 Monthly Data Released
The U.S. Census Bureau today released new data from phase 3.8 of the experimental Household Pulse Survey (HPS). The HPS is an effort by the Census Bureau and other federal statistical agencies to inform federal and state response and recovery planning by providing near real-time data on the social and economic effects of the COVID-19 pandemic and…