EDA: $4.5 Million Invested for New Airport Hanger in Support of Job Growth in Presque Isle, ME
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4.5 million grant to the city of Presque Isle, Maine, to construct a new research hangar, access road, and parking lot at Presque Isle International Airport. This project will support local job growth through the expansion of…
FEMA: President Biden Approves Major Disaster Declaration for Muscogee (Creek) Nation
FEMA announced that federal disaster assistance has been made available to the Muscogee (Creek) Nation to supplement tribal and local recovery efforts in the areas affected by the severe storms, tornadoes and flooding May 2-8, 2022. Public assistance federal funding is available to the tribal government and certain private nonprofit organizations on a cost-sharing basis for…
HUD: Nearly $1 Million Awarded to Keep Foster Youth Housed
17 Public Housing Agencies in 11 States Will Use Funding to Prevent Homelessness Among Youth Transitioning Out of Foster Care The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $1 million to 17 Public Housing Agencies (PHAs) in 11 states to provide housing assistance to youth who are transitioning out of foster…
SBA: Groundbreaking Partnerships Announced to Connect Small and Disadvantaged Businesses to Infrastructure Programs
DOT Will Host Business Forum to Improve Access to Capital and Resources in the Bipartisan Infrastructure Law Today, U.S. Small Business Administration (SBA), the USDOT Office of Small and Disadvantaged Business Utilization (OSDBU) and the US Department of Commerce Minority Business Development Agency (MBDA) announced partnerships to help small and disadvantaged businesses access the resources they need…
FDIC: Third Annual Academic Challenge Launched
University and College Teams to consider impacts of higher interest rates on banking sector The Federal Deposit Insurance Corporation (FDIC) today announced the launch of the agency’s third annual Academic Challenge, a competition among teams of university and college students to address questions concerning the U.S. banking sector. This year’s challenge will focus on “The Impacts…
CFPB: Annual Report of 2021 Mortgage Market Activity Reveals End to Refinancing Boom and Increase in Home Purchase Loans
Asian, Black, and Hispanic white shares of home purchase loans increased Today, the Consumer Financial Protection Bureau (CFPB) released its annual report on residential mortgage lending activity and trends for 2021. The report’s data are submitted by thousands of the nation’s lending institutions under the Home Mortgage Disclosure Act (HMDA). The report shows a shift…
ABA: Seven Banks Win ABA Foundation’s 2022 Community Commitment Awards
The American Bankers Association Foundation named seven banks as 2022 Community Commitment Award winners. The annual awards recognize banks for extraordinary corporate social responsibility efforts in seven specific categories ranging from affordable housing to economic inclusion. The winners will be recognized at ABA’s Annual Convention in Austin, Texas on Oct. 4. The selection committee, made up of independent,…
ABA: D.C. Area Banker Lola Pol Wins ABA Foundation Distinguished Service Award
The ABA Foundation has named Lola Pol, branch manager for Capital Bank NA in Rockville, Md., the winner of its 2022 George Bailey Distinguished Service Award for her commitment to community lending and helping first-time, low-to-moderate income homebuyers achieve homeownership throughout the Washington, D.C. area. Pol will be recognized on Oct. 4 at ABA’s Annual…
FEMA: President Biden Approves Emergency Declaration for Puerto Rico
FEMA announced that federal emergency aid has been made available to the Commonwealth of Puerto Rico to supplement the Commonwealth’s response efforts due to emergency conditions resulting from Tropical Storm Fiona beginning Sept. 17 and continuing. The President’s action authorizes FEMA to coordinate all disaster relief efforts to alleviate the hardship and suffering caused by…
FEMA: President Biden Approves Major Disaster Declaration for American Samoa
FEMA announced that federal disaster assistance has been made available to the territory of American Samoa to supplement territorial and local recovery efforts in the areas affected by high surf, high winds and flooding July 12-15, 2022. Public assistance federal funding is available to the territory, eligible local governments and certain private nonprofit organizations on a…