EDA: $557,254 Invested to Support Manufacturing Sector in Eastern New York
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $557,254 grant to the Town of Erwin Industrial Development Agency, Painted Post, New York, to support the installation of a new groundwater supply well to meet water capacity demands of manufacturing businesses in the region. The EDA grant, to be matched with…
CDFI Fund: U.S. Treasury Awards $204.1 Million to Support Economic Growth in Low-Income, Distressed and Native Communities
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 397 Community Development Financial Institutions (CDFIs) $204.1 million in awards today. The awards, through the fiscal year (FY) 2020 round of the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program (NACA Program), will enable CDFIs…
CDFI Fund: CDFI Certification, ACR, and CTLR FAQs Now Available
FAQs Provide Clarification on Proposed CDFI Certification and Data Collections In May, the Community Development Financial Institutions Fund (CDFI Fund) released for public comment proposed changes to the Community Development Financial Institution (CDFI) Certification Application and the Annual Certification and Data Collection Report (ACR), as well as a new CDFI Transaction Level Report (CTLR). Comments on the…
Census Bureau: Household Pulse Survey Phase 2 Biweekly Data Released
The U.S. Census Bureau today released new data from the second phase of the experimental Household Pulse Survey. The Household Pulse Survey is the result of an effort by the Census Bureau and other federal statistical agencies to document temporal trends in how individuals are experiencing business curtailment and closures, stay-at-home orders, school closures, changes in the…
SBA: Network of Small Business Resource Partners Honored During National Small Business Week
During the 2020 National Small Business Week, the U.S. Small Business Administration honored its resource partners for their impact on local economic development and support of small business creation and growth across the nation. Additionally, all of the SBA’s Resource Partners were recognized for providing resources to small businesses as they work to sustain their operations and employees,…
FHFA: House Price Index Up 1.0 Percent in July; Up 6.5 Percent from Last Year
House prices rose nationwide in July, up 1.0 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI). House prices rose 6.5 percent from July 2019 to July 2020. FHFA also revised its previously reported 0.9 percent price change for June 2020 to 1.0 percent. For the nine census divisions, seasonally…
FHFA: Updates to Public Use Databases for Fannie Mae and Freddie Mac Announced
The Federal Housing Finance Agency (FHFA) has released new and revised datasets for the Public Use Databases (PUDBs) of single-family and multifamily mortgage acquisitions by Fannie Mae and Freddie Mac (the Enterprises). New data for 2019 are now available as well as final versions of data for 2018 that replace the interim files uploaded last September….
EDA: $3.52 Million Invested to Protect Businesses from Flooding in Bristol, NH
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.52 million grant to the Town of Bristol, New Hampshire, to make flood control infrastructure improvements needed to protect the downtown commercial district. The EDA grant will be matched with $500,000 in state funds and $380,000 in…
OCC: New Report Shows Mortgage Performance Decline in Second Quarter 2020
The Office of the Comptroller of the Currency (OCC) reported the performance of first-lien mortgages in the federal banking system declined during the second quarter of 2020. The OCC Mortgage Metrics Report, Second Quarter 2020 showed 91.1 percent of mortgages included in the report were current and performing at the end of the quarter, compared to 96.1…
Census Bureau: Over 95 Percent of Households Counted So Far in 2020 Census
Over 95% of housing units have been accounted for in the 2020 Census as of today, with 29.6% counted by census takers and other field data collection operations, and 66.2% 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,…