HUD: Additional Steps Taken to Free Up Long-Awaited Disaster Recovery Funds for Puerto Rico and U.S. Virgin Islands
Department publishes Federal Register notice governing the use of $2 billion in CDBG-DR for a more resilient, efficient, reliable, and sustainable electric power system in Puerto Rico and USVI The U.S. Department of Housing and Urban Development (HUD) today published a Federal Register notice governing the use of $2 billion in Community Development Block Grant…
HUD: FHA Takes Steps to Remove Barriers to Homeownership for Those with Student Loan Debt
Updates to Single Family student loan monthly payment calculation expand access to FHA-insured mortgage financing for creditworthy individuals, particularly in communities of color The Federal Housing Administration (FHA) on Friday announced updates to its student loan monthly payment calculations to take steps to remove barriers and provide more access to affordable single family FHA-insured mortgage financing for…
Census Bureau: Small Business Pulse Survey Phase 5 Weekly Data Released
The U.S. Census Bureau today released new data from the fifth phase of the Small Business Pulse Survey (SBPS). Data collection began May 17. Results will be released weekly May 27 to July 22. The SBPS includes questions on small business operations and finances, requests and receipt of assistance, COVID-19 vaccinations and testing, measures of overall well-being, and…
FFIEC: 2020 Data on Mortgage Lending Availability Announced
The Federal Financial Institutions Examination Council (FFIEC) today announced the availability of data on 2020 mortgage lending transactions at 4,475 U.S. financial institutions reported under the Home Mortgage Disclosure Act (HMDA). Covered institutions include banks, savings associations, credit unions, and mortgage companies. The HMDA data are the most comprehensive publicly available information on mortgage market…
EDA: $6.8 Million in CARES Act Recovery Assistance Invested to Support Business Expansion and Development in St. George, SC
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $6.8 million CARES Act Recovery Assistance grant to Dorchester County, South Carolina, to make roadway improvements at the Ridgeville Industrial Campus needed to support business attraction and expansion efforts and bolster the region’s ability to withstand…
EDA: $5.5 Million in CARES Act Recovery Assistance Invested to Build Critical Infrastructure and Boost Rural Workforce and Entrepreneurial Training Efforts in Texas
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $5.5 million in CARES Act Recovery Assistance grants to help the state of Texas prevent, prepare for, and respond to coronavirus. “President Biden is committed to supporting communities as they not only recover from the pandemic but…
EDA: $3 Million Invested to Boost Workforce Development and Training Programs at Merced College
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to Merced Community College District, Merced, California, to renovate a Merced College campus building that houses workforce development and targeted skills training programs. This EDA project, to be matched with $6.2 million in…
EDA: $2.8 Million in CARES Act Recovery Assistance Invested to Create LNG Center of Excellence in Lake Charles, LA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.8 million CARES Act Recovery Assistance grant to McNeese State University Foundation, Lake Charles, Louisiana, to construct a Center of Excellence to serve as a hub of resiliency for the Liquified Natural Gas (LNG) industry and…
EDA: $1.7 Million Invested to Provide Critical Infrastructure for New Industrial Park in Fort Benton, MT
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.7 million grant to Fort Benton, Montana, to provide transportation, water, wastewater and stormwater infrastructure to support development of a new industrial park and foster economic resiliency. This EDA project, to be matched with $1.7 million…
EDA: $969,261 Invested to Help Southwest Michigan Prepare for Closure of Nuclear Facility
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $969,261 grant to Southwestern Michigan Commission, Benton Harbor, Michigan, to develop an economic recovery strategy ahead of the closure of the Palisades Nuclear Generating Station. This EDA grant will be matched with $242,316 in state and…