HUD: $5.4 Million Awarded to Public Housing Agencies to Correct Emergency Conditions
Set-Aside Funding Will Help Address Threats to the Health and Safety of Public Housing Residents The U.S. Department of Housing and Urban Development (HUD) today awarded $5.4 million to five Public Housing Agencies (PHAs) to correct emergency conditions that pose an immediate and imminent threat to the health and safety of public housing residents. The…
HUD: Section 202 Project Rental Assistance Renewal Contract Term Increases Announced
New, five-year rental assistance renewal contract terms reduce administrative barriers within program supporting housing for low-income seniors. The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced its intent to begin issuing Section 202 Project Rental Assistance Contracts (PRACs) with renewal terms of up to five years rather than the one-year terms…
CDFI Fund: $355 Million in Bond Funding Announced for Projects in Low-Income Communities
U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that Treasury has agreed to issue three guarantees totaling $355 million under the Community Development Financial Institution (CDFI) Bond Guarantee Program. The guarantees will be issued on behalf of five Eligible CDFIs under the fiscal year (FY) 2022 round of the…
FEMA: President Biden Approves Emergency Declaration for South Carolina
FEMA announced that federal emergency aid has been made available to the state of South Carolina to supplement the state, tribal and local response efforts due to emergency conditions resulting from Hurricane Ian beginning on Sept. 25 and continuing. The President’s action authorizes FEMA to coordinate all disaster relief efforts to alleviate the hardship and suffering…
FEMA: President Biden Approves Major Disaster Declaration for Virginia
FEMA announced that federal disaster assistance has been made available to the Commonwealth of Virginia to supplement state, tribal and local recovery efforts in the areas affected by the flooding and mudslides from July 13-14, 2022. Public assistance federal funding is available to the commonwealth, eligible local governments and certain private nonprofit organizations on a cost-sharing…
SBA: Over $5.4 Million in Grants Awarded to Strengthen Research Funding Opportunities Across the U.S.
Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33 million small businesses in President Biden’s Cabinet, announced over $5.4 million in funding to 44 awardees through the Federal and State Technology (FAST) Partnership Program. FAST provides small businesses and startups, particularly those in underserved communities, with specialized training, mentoring, and…
FEMA: President Biden Approves Major Disaster Declaration for Florida
FEMA announced that federal disaster assistance has been made available to the state of Florida to supplement state, tribal and local recovery efforts in the areas affected by Hurricane Ian beginning Sept. 23 and continuing. The President’s action makes federal funding available to affected individuals in Charlotte, Collier, DeSoto, Hardee, Hillsborough, Lee, Manatee, Pinellas and…
Census Bureau: Dynamics of Poverty Report Released
Today the U.S. Census Bureau released a new report on poverty statistics from the 2018-2020 Survey of Income and Program Participation (SIPP). This report provides monthly, annual, episodic and chronic poverty rates over the 2017-2019 period to provide additional insight for measuring poverty in the United States. Monthly poverty rates can provide insight into changes in poverty within…
HUD and Census Bureau: New American Housing Survey Released
2021 Survey Provides Insights on Housing From the Height of the Pandemic In general, 2020 and 2021 were good for homeowners but presented challenges for many renters. That’s according to the new 2021 American Housing Survey released today by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. Every two…
Federal Reserve: Six of the Nation’s Largest Banks to Participate in Pilot Climate Scenario Analysis
Exercise designed to enhance the ability of supervisors and firms to measure and manage climate-related financial risks The Federal Reserve Board on Thursday announced that six of the nation’s largest banks will participate in a pilot climate scenario analysis exercise designed to enhance the ability of supervisors and firms to measure and manage climate-related financial…