FHFA: 2022 Multifamily Loan Purchase Caps for Fannie Mae and Freddie Mac Announced
The Federal Housing Finance Agency (FHFA) today announced that the 2022 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be $78 billion for each Enterprise, for a combined total of $156 billion to support the multifamily market. The 2022 caps, which increased from $70 billion for each Enterprise in 2021,…
CDFI Fund: FY 2021 Funding Round Opened for the Bank Enterprise Award Program
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2021 funding round for the Bank Enterprise Award Program (BEA Program). Application materials are now available on the BEA Program page of the CDFI Fund’s websitein anticipation of the publication of the FY 2021 Notice of Funds…
ABA: Missouri Banker Mary O’Connor Wins ABA Foundation Distinguished Service Award
Mary O’Connor, executive vice president of logistics and creative brand management for Country Club Bank in Kansas City, Mo., has been named the ABA Foundation’s 2021 George Bailey Distinguished Service Award winner for her community leadership and commitment to helping those in need. O’Connor will be recognized on Oct. 19 at ABA’s Annual Convention in…
ABA: Six Banks Win ABA Foundation’s 2021 Community Commitment Awards
Banks of all sizes earn banking industry’s highest honor awards for community programs The American Bankers Association Foundation named six banks as 2021 Community Commitment Award winners. The annual awards recognize banks for extraordinary corporate social responsibility efforts in six specific categories ranging from affordable housing to economic inclusion. The winners will be recognized at ABA’s Annual Convention in…
FEMA: President Biden Approves Major Disaster Declaration for New York
FEMA announced that federal disaster assistance has been made available to the state of New York to supplement state and local recovery efforts in the areas affected by the remnants of Tropical Storm Fred from Aug. 18-19, 2021. Federal funding is available to the state and eligible local governments and certain private nonprofit organizations on…
Census Bureau: Small Business Pulse Survey Phase 6 Weekly Data Released
The U.S. Census Bureau today released new data from the sixth phase of the Small Business Pulse Survey (SBPS). Data collection began August 16. Results will be released weekly August 26 to October 21. New content in the SBPS Phase 6 covers difficulties hiring employees, new workplace norms, changes in demand for goods or services, and price…
EDA: $3.6 Million Invested to Establish a Manufacturing Workforce Training Center in Cleveland, OH
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.6 million grant to the Workroom Program Alliance and the Cleveland Municipal School District., Cleveland, Ohio, to renovate a 33,000-square-foot space within Cleveland’s Collinwood High School for use as an adult technical training and workforce development…
Census Bureau: Household Pulse Survey Phase 3.2 Biweekly Data Released
The U.S. Census Bureau today released new data from phase 3.2 of the experimental Household Pulse Survey. This phase of data collection includes new questions on the Child Tax Credit, sexual orientation and gender identity (SOGI), rent/mortgage arrears, utility arrears and restrictions, summer catch-up education activities for grades K-12 and preventative health care for children. The…
HUD: New Rule Issued Protecting Tenants Facing Eviction for Non-Payment of Rent in HUD-Assisted Properties
The U.S. Department of Housing and Urban Development (HUD) on Wednesday announced that it will publish a rule that prohibits the eviction of tenants facing eviction for nonpayment of rent from HUD-subsidized public housing and certain properties with project-based rental assistance without providing a 30-day notice period that includes information about available federal emergency rental…
HUD: Disaster Assistance Announced for New Hampshire Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for areas in the State of New Hampshire affected by a severe storm and flooding from July 29 to July 30, 2021. On October 4, President Biden issued a major disaster declaration for the counties of Cheshire and Sullivan, allowing…