FDIC & Federal Reserve: List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies Released
The Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation today announced the availability of the 2021 list of distressed or underserved nonmetropolitan middle-income geographies. These are geographic areas where revitalization or stabilization activities are eligible to receive Community Reinvestment Act (CRA) consideration under the community development definition. Distressed nonmetropolitan…
FEMA: Texas Winter Storm Survivors in Three Additional Counties Can Apply for Federal Disaster Assistance
Texas homeowners and renters in Kerr, Lamar and Shackelford who suffered damage from the February winter storm may now apply for disaster assistance with FEMA. If you applied with FEMA prior to the counties being added, you do not need to reapply. If you have insurance and are applying for disaster assistance, you must also…
HUD: FHA Introduces More Measures to Help Homeowners Struggling Due to COVID-19
One-month extension of foreclosure and eviction moratoria, expanded initial forbearance request timeframes, and new outreach to struggling homeowners provide expanded recovery help. The Federal Housing Administration (FHA) on Friday announced more measures to help homeowners with FHA-insured mortgages who are struggling financially due to the COVID-19 pandemic. These measures will provide additional, immediate relief while also expanding…
Federal Reserve: Extension of PPP Liquidity Facility for Final Time Announced through July 30, 2021
The Federal Reserve Board on Friday announced it will extend for a final time its Paycheck Protection Program Liquidity Facility, or PPPLF, by an additional month to July 30, 2021. The extension is being made as an operational accommodation to allow additional processing time for banks, community development financial institutions, and other financial institutions to…
FEMA: President Biden Approves Emergency Declaration for Florida
FEMA announced federal emergency aid has been made available to the state of Florida to supplement state and local recovery efforts to the emergency conditions resulting from the Surfside Building Collapse beginning on June 24, 2021 and continuing. The president’s action authorizes FEMA to coordinate all disaster relief efforts, which have the purpose of alleviating…
Census Bureau: Small Business Pulse Survey Phase 5 Weekly Data Released
The U.S. Census Bureau today released new data from the fifth phase of the Small Business Pulse Survey (SBPS). Data collection began May 17. Results will be released weekly May 27 to July 22. The SBPS includes questions on small business operations and finances, requests and receipt of assistance, COVID-19 vaccinations and testing, measures of overall well-being, and…
FHFA: COVID-19 Foreclosure and REO Eviction Moratoriums Extended until July 31, 2021
Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are extending the moratoriums on single-family foreclosures and real estate owned (REO) evictions until July 31, 2021. The foreclosure moratorium applies to Enterprise-backed, single-family mortgages only. The REO eviction moratorium applies to properties that have been acquired by an…
FDIC: “Fintech: A Bridge to Economic Inclusion” Virtual Conference Scheduled for June 29th
June 29th event to address how technology can create greater opportunities The Federal Deposit Insurance Corporation (FDIC) will host a virtual conference on Tuesday, June 29, 2021, to explore how financial technology and innovation can create a more diverse, equitable and inclusive banking system. Fintech: A Bridge to Economic Inclusion will feature leading voices in the world of…
EDA: $3 Million Invested to Protect Infrastructure Critical to the Business Community from Flooding in Branson, MO
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 Branson, Missouri, to construct a floodwall needed to protect infrastructure vital to the business community from flooding. The EDA grant will be matched with $6.6 million in state funds….
EDA: $2.9 Million in CARES Act Recovery Assistance Invested in New Water Treatment Plant to Spur Business Expansion in Sophia, WV
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.9 million CARES Act Recovery Assistance grant to the Raleigh County Public Service District, Sophia, West Virginia, for construction of a new water treatment plant to support business expansion. This EDA grant, to be matched with…