FHFA: U.S. House Prices Rise 17.4 Percent over the Last Year; Up 4.9 Percent from First Quarter 2021
U.S. house prices rose 17.4 percent from the second quarter of 2020 to the second quarter of 2021 according to the Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices were up 4.9 percent compared to the first quarter of 2021. FHFA’s seasonally adjusted monthly index for June was up 1.6 percent from May. “During the second quarter, house…
FEMA: 58 Mississippi Counties Added to Hurricane Ida Emergency Declaration
An additional 58 Mississippi counties have been designated for federal emergency aid to supplement state, local, and tribal response efforts for areas affected by Hurricane Ida, beginning on Aug. 28 and continuing. Alcorn, Attala, Benton, Bolivar, Calhoun, Carroll, Chickasaw, Choctaw, Claiborne, Clarke, Clay, Coahoma, Copiah, Desoto, Grenada, Hinds, Holmes, Humphreys, Issaquena, Itawamba, Jasper, Kemper, Lafayette,…
FEMA: President Biden Approves Major Disaster Declaration for Louisiana
FEMA announced that federal disaster assistance has been made available to the state of Louisiana to supplement state, tribal and local recovery efforts in the areas affected by Hurricane Ida beginning on Aug. 26, 2021 and continuing. The President’s action makes federal funding available to affected individuals in Ascension, Assumption, East Baton Rouge, East Feliciana,…
FDIC: CRA Examination Schedules for Fourth Quarter 2021 and First Quarter 2022 Issued
The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the fourth quarter 2021 and first quarter 2022. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of each quarter. …
FDIC: FDITECH Opens Registration for Tech Sprint to Measure and Test Bank Resilience
The Federal Deposit Insurance Corporation (FDIC) today opened the registration period to participate in a tech sprint designed to identify and develop measures, data, and other capabilities to understand how resilient banks are to major disruptions. This tech sprint is intended to be the first of several focused on how to foster stronger resiliency in…
EDA: $19.6 Million Invested to Build Disaster Resilient Infrastructure in Support of Business Growth in the Northern Mariana Islands
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $19.6 million grant to the Department of Finance of the Commonwealth of the Northern Mariana Islands to fund construction of disaster-resilient infrastructure needed to ensure continuity of government operations and support business growth. The EDA grant…
EDA: $3.8 Million Invested to Support Airport Expansion and Create Jobs in Middletown, PA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.8 million grant to the Susquehanna Area Regional Airport Authority, Middletown, Pennsylvania, to make roadway access improvements needed to support an expansion project at the Harrisburg International Airport, promoting job creation and economic growth. This EDA…
EDA: $3.4 Million Invested to Support Entrepreneurs and Economic Diversification Efforts in St. Clair County, MI
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.4 million grant to the Economic Development Alliance of St. Clair County, Port Huron, Michigan, to construct an 11,000-square-foot building for use as a small business incubator that will support emerging and second-stage businesses in the…
EDA: $3.2 Million Invested to Support Workforce Expansion and Economic Resiliency in North Carolina
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is investing $3.2 million in the state of North Carolina to make critical infrastructure improvements needed to support current and future business needs. “President Biden is committed to making sure the United States once again leads the world across…
EDA: $3 Million Invested for Wastewater Treatment Upgrades to Support Job Growth in Somerset, KY
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the city of Somerset, Kentucky, to provide upgrades for two wastewater treatment facilities, supporting economic growth and job creation. This EDA grant will be matched with $750,000 in local funds, and is…