CFPB: Advisory Issued to Protect Privacy When Companies Compile Personal Data
Advisory affirms that “permissible purposes” are required to use and share credit reports and background reports Today, the Consumer Financial Protection Bureau (CFPB) issued a legal interpretation to ensure that companies that use and share credit reports and background reports have a permissible purpose under the Fair Credit Reporting Act. The CFPB’s new advisory opinion…
HUD: $26 Million Rental Assistance Demonstration Conversion Closed with Philadelphia Housing Authority to Create 58 Newly Constructed Affordable Homes
New affordable rental homes are part of redevelopment plan for Philadelphia’s Sharswood/Blumberg community The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing today announced that it has closed a Rental Assistance Demonstration (RAD) transaction with the Philadelphia Housing Authority (PHA) to build 58 newly constructed affordable rental homes in the Sharswood/Blumberg community….
EDA: Last Week, Over $15 Million in American Rescue Plan Funds Invested
Last week, the following grants were made under the American Rescue Plan Funds program and the CARES Act Recovery Assistance program: July 6, 2022 – U.S. Department of Commerce Invests $2.5 Million in American Rescue Plan Funds to Establish Business Incubator in Fairhope, Alabama July 5, 2022 – U.S. Department of Commerce Invests $7.2 Million in American…
HUD: $39.8 Million Rental Assistance Demonstration Conversion Transaction Closed to Preserve 299 Affordable Housing Units in Salt Lake City, UT
Transaction with the Housing Authority of the County of Salt Lake preserves low-income housing units for seniors and individuals with disabilities. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing today announced that it has closed a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of the County of Salt Lake…
EDA: $2 Million Invested to Replace Critical Water Infrastructure to Support Businesses in West Monroe, LA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the city of West Monroe, Louisiana, to replace aging sewer infrastructure. This project will provide the modern infrastructure needed to support local businesses and residents’ needs. This EDA grant will be matched…
EDA: $3.5 Million Invested to Boost New Business Growth and Expansion Efforts in Louisiana
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is investing $3.5 million in the state of Louisiana to make critical infrastructure improvements needed to support current and future business needs. The EDA investments announced today are: Desoto Parish Police Jury, Mansfield, Louisiana, will receive $2 million grant…
HUD: Agency Reaffirms Its Commitment to Community Living for Individuals with Disabilities
Commitment Marks Disability Pride Month and the 32nd Anniversary of the Americans with Disabilities Act July marks the 2022 celebration of Disability Pride Month and the 32nd anniversary of the Americans with Disabilities Act, a comprehensive civil rights law for persons with disabilities. The U.S. Department of Housing and Urban Development (HUD) is using this…
EDA: Last Week, Over $25 Million in American Rescue Plan Funds Invested
Last week, the following grants were made under the American Rescue Plan Funds program and the CARES Act Recovery Assistance program: July 1, 2022 – U.S. Department of Commerce Invests $3.2 Million in American Rescue Plan Funds to Improve State Park Campgrounds and Boost Tourism in Dover, Delaware June 28, 2022 – U.S. Department of Commerce Invests…
Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies
Federal bank regulatory agencies today made available the 2022 list of distressed or underserved nonmetropolitan middle-income geographies. These are geographic areas where revitalization or stabilization activities are eligible to receive Community Reinvestment Act (CRA) consideration pursuant to the definition of community development under the agencies’ regulations. Visit the Federal Financial Institutions Examination Council (FFIEC) website to see…