CDFI Fund: Application Demand for FY 2021 Round of Small Dollar Loan Program Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the application data for the fiscal year (FY) 2021 round of its Small Dollar Loan Program (SDL Program). The SDL Program is a new program authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Pub. L….
Census Bureau: Changes for 2020 ACS 1-Year Estimates Announced
The U.S. Census Bureau today announced that it will not release its standard 1-year estimates from the 2020 American Community Survey (ACS) because of the impacts of the COVID-19 pandemic on data collection. The Census Bureau will release experimental estimates developed from 2020 ACS 1-year data. The standard 2020 ACS 1-year estimates do not meet the Census…
EDA: $7.6 Million Invested to Upgrade Critical Infrastructure at the Port of MacKenzie, AK
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $7.6 million grant to Matanuska-Susitna Borough, Alaska, to fund infrastructure improvements designed to increase the operating efficiency of the Port of MacKenzie. The EDA grant, to be matched with $1.9 million in local investment, is expected…
EDA: $4 Million in CARES Act Recovery Assistance Invested to Support Development of Medical Research and Manufacturing Facility in DeLand, FL
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4 million CARES Act Recovery Assistance grant to Volusia County, Florida, to prepare a 56-acre site adjacent to Daytona Beach International Airport for the development of Project COVID, a medical research, manufacturing and multi-modal distribution facility….
CFPB & FHFA: Updated Data from the National Survey of Mortgage Originations Released for Public Use
Data Highlights Borrowers’ Experiences Obtaining a Mortgage The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) today published updated loan-level data for public use collected through the National Survey of Mortgage Originations (NSMO). The data provide insights into borrowers’ experiences obtaining residential mortgages. Since 2014, FHFA and CFPB have sent surveys…
SBA: Up to $300,000 Announced to Fund Women’s Business Centers in Puerto Rico
The U.S. Small Business Administration announced the availability of $300,000 for up to two new grant opportunities for established and aspiring Women’s Business Center (WBC) host organizations. When funded, the WBC’s will provide outcome-oriented business services for women entrepreneurs in Puerto Rico. The White House recently held a Working Group meeting that SBA Administrator Isabel Casillas Guzman attended to…
SBA: Opening of Paycheck Protection Program Direct Forgiveness Portal Announced
New portal will streamline applications for loans $150K or less for over 6.5 million businesses The U.S. Small Business Administration (SBA) is launching a streamlined application portal to allow borrowers with Paycheck Protection Program (PPP) loans $150,000 or less through participating lenders to apply for forgiveness directly through the SBA. “The SBA’s new streamlined application portal will simplify forgiveness for…
FHFA: Multifamily Tenant Protections Announced
Requires tenants in Enterprise-backed multifamily properties to be given at least 30 days’ notice before they can be required to vacate Today, the Federal Housing Finance Agency (FHFA) announced that tenants of multifamily properties with mortgages backed by Fannie Mae or Freddie Mac (the Enterprises) who are subject to eviction for nonpayment of rent must…
CFPB: Online Tool Released to Help Renters and Landlords Access Federal Assistance
New resource helps renters and landlords find state and local programs distributing federal rental assistance funds The Consumer Financial Protection Bureau (CFPB) today released an online tool to help renters and landlords impacted by the pandemic easily find and apply for payment assistance for rent, utilities and other expenses. The Rental Assistance Finder, available at www.consumerfinance.gov/renthelp,…
Census Bureau: New Vintage 2020 Population Evaluation Estimates Available
The U.S. Census Bureau today released Vintage 2020 evaluation estimates updated to include April 1, 2020, resident population and housing unit estimates. These data have been added to previously released downloadable datasets and tables containing population estimates for the United States, states, and counties by age, sex, race and Hispanic origin; population estimates for Puerto Rico and…