EDA: $2 Million in CARES Act Recovery Assistance Invested to Support Businesses by Improving Lee Boulevard in Lawton, OK
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $2 million CARES Act Recovery Assistance grant to the city of Lawton, Oklahoma, to make roadway improvements to Lee Boulevard to improve access to the Lawton Industrial Park, Great Plains Technology Institute, and Southwest Medical Center. The EDA grant, to be matched…
EDA: $1.2 Million in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund to Serve Businesses in Southwest Montana
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $1.2 million CARES Act Recovery Assistance grant to the Northern Rocky Mountain Economic Development District, Bozeman, Montana, to capitalize and administer a Revolving Loan Fund (RLF) that will provide critical gap financing to businesses adversely affected by the coronavirus pandemic in Gallatin…
CDFI Fund: FY 2021 CDFI Program and NACA Program Application Round Opened
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2021 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) today. The awards from these programs will support Community Development Financial Institutions (CDFIs) that provide affordable financing…
FEMA: President Biden Approves Major Disaster Declaration for Alaska
FEMA announced federal disaster assistance has been made available to the state of Alaska to supplement state, tribal and local recovery efforts in areas affected by severe storms, flooding, landslides and mudslides during the period of Nov. 30 to Dec. 2, 2020. Federal funding is also available to state, tribal, eligible local governments and certain…
Census Bureau: Data Collection Begins for Phase 4 of Small Business Pulse Survey
In response to the significant and continuing economic disruptions resulting from the coronavirus pandemic and the urgent need for data, the U.S. Census Bureau launched a fourth phase of the Small Business Pulse Survey (SBPS) with data collection on Feb. 15. This experimental survey was designed to measure temporal economic trends in the nation’s small…
HUD: $38.8 Million in Loan Guarantee Assistance Announced for the District of Columbia for Affordable Housing Projects
Funds will support and preserve affordable housing in the Washington, DC area The U.S. Department of Housing and Urban Development (HUD) today announced that the Department of Housing and Community Development (DHCD) in Washington, DC will receive a $38.8 million loan guaranteed by HUD to fund a variety of affordable housing rehabilitation projects that will…
HUD: Extensions and Expansion of COVID-19 Homeowner Relief and Home Retention Measures Announced
Extensions and expansions support the immediate and ongoing needs of homeowners who are experiencing economic impacts related to the COVID-19 pandemic. To provide urgent economic relief to homeowners impacted by COVID-19, today the U.S. Department of Housing and Urban Development (HUD) announced extensions of the Federal Housing Administration’s (FHA) foreclosure and eviction moratoriums, as well…
FHFA: Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions Released
The Federal Housing Finance Agency (FHFA) today released the 2021 Scorecard for Fannie Mae, Freddie Mac (the Enterprises), and Common Securitization Solutions. The 2021 Scorecard aligns the 2019 Strategic Plan with the Enterprises’ tactical priorities and operations, serving as an essential tool to hold the Enterprises accountable. “The 2021 Scorecard will ensure that Fannie Mae,…
FDIC: First FDIC Chief Innovation Officer Appointed
Sultan Meghji to spearhead agency’s tech lab and financial innovation efforts The Federal Deposit Insurance Corporation (FDIC) today named Sultan Meghji as the agency’s first Chief Innovation Officer, charged with leading the FDIC’s efforts to promote the adoption of innovative technologies across the financial services sector. “As a recognized expert in financial technology, Sultan brings…
FEMA: President Biden Approves Emergency Declaration for Texas
FEMA announced federal emergency aid has been made available to the state of Texas to supplement state, tribal and local recovery efforts in areas affected by a severe winter storm beginning on Feb. 11, 2021 and continuing. The president’s action authorizes FEMA to coordinate all disaster relief efforts, which have the purpose of alleviating the…