CRA Newswire

EDA: $500,000 Invested to Support Regional Innovation and Economic Growth in Disaster-Impacted Northwest Louisiana

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to Grambling State University, a Historically Black University in Grambling, Louisiana, to conduct a feasibility study that will serve as a road map to foster innovation and economic resiliency in the disaster-impacted Northwest Louisiana region. The EDA grant will be…

FEMA: Santa Clara County in California Added to August Federal Wildfire Disaster Declaration

Santa Clara County has been approved for federal assistance to individuals and households, as well as for repairs or rebuilding of community infrastructure, as part of the major wildfire disaster declaration approved Aug. 22. FEMA’s individual assistance program provides grants to help eligible survivors with financial assistance that may include rent, home repair, home replacement…

HUD: “Mustard Seed Series” Virtual Workshops Launched for Faith Leaders and Congregations

Events will feature testimonies from faith leaders who have launched housing initiatives for homeless neighbors U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today launched a series of virtual workshops for faith congregations entitled, “The Mustard Seed Series”. The virtual events will feature faith organizations that have successfully created affordable housing, reduced…

Federal Reserve: Several Measures Extended Another Quarter to Ensure High Level of Capital Resilience

Due to the continued economic uncertainty from the coronavirus response, the Federal Reserve Board on Wednesday announced it will extend for an additional quarter several measures to ensure that large banks maintain a high level of capital resilience. For the fourth quarter of this year, large banks—those with more than $100 billion in total assets—will…

CDFI Fund: Treasury Guarantees $100 Million in CDFI Bond Funding

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the approval of a $100 million guarantee under the fiscal year 2020 round of the Community Development Financial Institutions (CDFI) Bond Guarantee Program. The guarantee will be issued to the Community Reinvestment Fund, USA on behalf of Clearinghouse Community Development…

EDA: $2 Million Invested to Construct Business Incubator to Support Entrepreneurial Development in Laurinburg, NC

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Scotland County Economic Development Corporation, Laurinburg, North Carolina, to construct a new business incubator to provide workspace for startup companies and expanding industries. The EDA grant, to be matched with more than…

EDA: $1.5 Million Invested to Protect Businesses from Flooding in Conway County, AR

oday, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to Conway County Levee District 6, Morrilton, Arkansas, to help construct and install a permanent stormwater pump station to mitigate flood risks in the Oppelo Bottoms industrial area. The EDA grant, to be matched…

EDA: $444,009 Invested to Develop Strategic Plan for Main SpacePort Complex in Augusta, ME Opportunity Zone

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $444,009 grant to the Maine Space Grant Consortium, Augusta, Maine, to develop a strategic plan for the Maine SpacePort Complex. The project, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $148,489 in state funds and $111,442…

Census Bureau: Over 98 Percent of Households Counted So Far in 2020 Census

Over 98% of housing units have been accounted for in the 2020 Census as of today, with 31.9% counted by census takers and other field data collection operations, and 66.5% of housing units responding online, by phone or by mail. Every day, the U.S. Census Bureau releases the 2020 Census housing unit completion rate for the nation,…

FDIC: Agencies Adopt Final Rule on Certain Real Estate Transactions for Financial Institutions and Consumers Affected by Coronavirus

Summary: The Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and the Board of Governors of the Federal Reserve System (collectively, the agencies) adopted as final the interim final rule that allows institutions supervised by the agencies to defer obtaining an appraisal or evaluation for up to 120 days after the closing…