EDA: $1.2 Million Invested to Advance Technical Education Workforce Training Efforts in Eastern Idaho
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to the College of Eastern Idaho, Idaho Falls, Idaho, to design and build an 80,000-square-foot career and technical education facility to house workforce training programs focused on the energy, environment, and technology fields. The…
HUD: $12.5 Million in Housing Counseling Grants Awarded
Supplemental funding will provide additional resources for HUD-approved housing counseling The U.S. Department of Housing and Urban Development (HUD) today awarded more than $12.5 million in supplemental housing counseling grants. These supplemental grants will support quality housing counseling services, including the foreclosure avoidance and rental counseling services used by many families as they work to…
HUD: FHA Extends COVID-19 Forbearance Request Timeframe for Single Family Homeowners
Extension through December 31, 2020, ensures homeowners who need assistance can continue to obtain mortgage payment forbearance Today, the Federal Housing Administration (FHA) announced it is extending the date for single family homeowners with FHA-insured mortgages to request an initial forbearance from their mortgage servicer to forbear their mortgage payments for up to six months. Homeowners experiencing…
Federal Reserve: Speech by Governor Brainard on Modernizing and Strengthening CRA Regulations
At the National Housing Conference National Advisory Council Meeting I want to thank David Dworkin for inviting me to participate in this discussion. I am pleased to be with you to talk about Community Reinvestment Act (CRA) modernization and how this process can help address the housing challenges facing minority and low- and moderate-income (LMI)…
EDA: $16 Million Invested to Support Commercial Fishing Industry in New Bedford, MA Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $16 million grant to the city of New Bedford, Massachusetts, to make port infrastructure improvements needed to protect commercial fishing businesses from floods and severe weather events. The EDA grant, to be located in a Tax Cuts and…
EDA: $3 Million Invested to Protect Seaport from Flooding Near Gloucester, MA Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the city of Gloucester, Massachusetts, to make flood protection improvements needed to protect the city’s vital seaport. The EDA grant, to be located near a Tax Cuts and Jobs Act Opportunity Zone, will be matched…
EDA: $1.7 Million Invested to Boost Capacity of the Port of Epes Industrial Park in Livingston, AL Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.7 million grant to the University of West Alabama, Livingston, Alabama, to improve barge access at the Port of Epes Industrial Park. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be…
EDA: $615,448 Invested to Support Manufacturing and Industrial Growth in Gulf County, FL
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $615,448 grant to Gulf County, Florida, to make critical, disaster resistant infrastructure improvements needed to support manufacturing and industrial growth at the Costin Airport site and along Cessna Drive in Port St. Joe. The EDA grant, to be matched with $153,862 in…
EDA: $399,804 in CARES Act Recovery Assistance Invested to Boost Capital Investment in Rural Utah Opportunity Zones
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $399,804 grant to the Sorenson Impact Center at the University of Utah and the Utah Association of Counties to create a rural Opportunity Zone and Recovery Playbook that will support local efforts to drive capital investment into Utah communities. This EDA grant,…
ABA: Georgia Banker Elected as New ABA Chairman
Today the American Bankers Association elected James J. Edwards, Jr., as its chairman for the 2020-2021 association year. Originally scheduled to be held in Boston, the election took place during ABA’s virtual annual convention due to COVID-19. Edwards is CEO of United Bank, a $1.7 billion community bank based in Zebulon, Ga. The bank operates…