HUD: FY 2023 Fair Market Rents Published
FMRs Will Make It Easier for Families with Housing Vouchers – Including Vouchers Created Under this Administration – to Use Their Vouchers to Access Affordable Housing The U.S. Department of Housing and Urban Development (HUD) today published Fair Market Rents (FMRs) for Fiscal Year 2023. FMRs, published annually, are an estimate of the amount of…
SBA: Call for Nominations for 2023 National Small Business Week Awards Announced
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 the call for nominations for the 2023 National Small Business Week (NSBW) Awards. The NSBW Awards recognize SBA-assisted small businesses’ inspirational achievements and contributions to their communities and our nation’s economy. All nominations should be…
CFPB: New Report Details Family Finances and Debt in Rural Appalachia
Appalachians Face Higher Debt Burdens and Worse Credit Conditions than Most Other Parts of Rural America The Consumer Financial Protection Bureau (CFPB) has issued the first in a series of reports focusing on the finances of consumers living in rural areas. Today’s report focuses on rural Appalachians, who tend to earn less than consumers in…
FEMA: President Biden Approves Emergency Declaration for Mississippi
FEMA announced that federal emergency aid has been made available to the state of Mississippi to supplement state response efforts due to emergency conditions resulting from a water crisis beginning on Aug. 30, 2022 and continuing. The President’s action authorizes FEMA to coordinate all disaster relief efforts which have the purpose of alleviating the hardship and suffering caused by the emergency on…
FHFA: Comprehensive Review of Federal Home Loan Bank System Announced
The review, FHLBank System at 100: Focusing on the Future, will include a series of listening sessions and regional roundtable discussions The Federal Housing Finance Agency (FHFA) today announced it will conduct a comprehensive review of the Federal Home Loan Bank (FHLBank) System beginning in the fall of 2022. “FHFA plays a vital role in…
OCC: Fourth Quarter 2022 and First Quarter 2023 CRA Evaluation Schedule Issued
The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the fourth quarter of 2022 and the first quarter of 2023. The OCC encourages public comment on the national banks and federal savings associations (collectively, banks) scheduled to be evaluated under the…
EDA: Over $56 Million in American Rescue Plan Funds Invested Last Week
Last week, the following grants were made under the American Rescue Plan Funds program: August 30, 2022 – U.S. Department of Commerce Invests $15.4 Million in American Rescue Plan Funds to Bolster Infrastructure for Business and Job Growth in West Virginia August 30, 2022 – U.S. Department of Commerce Invests $6 Million in American Rescue Plan Funds…
EDA: $1.5 Million Invested for Critical Infrastructure Needed to Establish Multi-Modal Facility in Jefferson City, MO
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to Cole County, Missouri, for rail and transportation infrastructure improvements needed to support economic development in the region. This project will provide a rail spur and other transportation-related infrastructure needed to establish a multi-modal…
EDA: $2 Million Invested for Water System Upgrades to Support New Businesses in Augusta, GA
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Development Authority of Augusta, Augusta, Georgia, to boost business and job growth by providing water and sewer improvements at the Augusta Corporate Park. This project will provide the infrastructure necessary to accommodate…
FHFA: U.S. House Prices Rise 17.7 Percent Over the Last Year; Up 4.0 Percent from the First Quarter
U.S. house prices rose 17.7 percent from the second quarter of 2021 to the second quarter of 2022 according to the Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices were up 4.0 percent compared to the first quarter of 2022. FHFA’s seasonally adjusted monthly index for June was up 0.1 percent from May. “Housing prices grew quickly through most…