CRA Newswire

EDA: $539,788 Invested to Advance Disaster Recovery Efforts in Butte County, CA

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $539,788 grant to the County of Butte, California, to develop and implement a business resiliency strategy and a long-term regional economic recovery plan. “The Trump Administration is working diligently to support communities impacted by natural disasters to both recover and rebuild stronger,”…

FHFA: House Price Index Up 0.7 Percent in February; Up 5.7 Percent from 2019

U.S. house prices rose in February, up 0.7 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).  House prices rose 5.7 percent from February 2019 to February 2020.  The previously reported 0.3 percent increase for January 2020 was revised upward to 0.5 percent.  For the nine census divisions, seasonally adjusted monthly…

FHFA: Enterprises Will Purchase Qualified Loans in Forbearance to Keep Lending Flowing

To support homeowners and mortgage lenders, the Federal Housing Finance Agency (FHFA) is approving the purchase of certain single-family mortgages in forbearance that meet specific eligibility criteria by Fannie Mae and Freddie Mac (the Enterprises). “We are focused on keeping the mortgage market working for current and future homeowners during these challenging times,” said Director…

EDA: $2.5 Million Invested to Improve Critical Commercial Roadway in Hidalgo, TX Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.5 million grant to the city of Hidalgo, Texas, to make critical roadway and drainage repairs needed to improve Produce Road, a major trade gateway. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity…

EDA: $1.95 Million Invested to Establish Entrepreneurial Center in Johnstown, PA

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $1.95 million grant to the Johnstown Regional Development Authority of Johnstown, Pennsylvania, to build a new entrepreneurial center to house growing small businesses. The center will also help persons recovering from opioid addiction reenter the local workforce. The…

EDA: $1.3 Million Invested to Improve Water Infrastructure in Odessa, WA Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.3 million grant to the town of Odessa, Washington, to make critical water infrastructure improvements to support the community and its businesses. The EDA grant, to be located in an Opportunity Zone, will be matched with $326,401 in…

Census Bureau: New Experimental “Pulse” Surveys to Track Temporal Trends in Housing and Small Businesses During Pandemic

In response to the unprecedented circumstances presented by COVID-19 and the urgent need for data, the U.S. Census Bureau is launching two new experimental surveys to measure temporal social and economic trends in the nation’s small businesses and households over the next three months. Responses from these experimental surveys will be posted within weeks of collection…

FHFA: Service Liquidity Concerns Addressed; Four Month Advance Obligation Loan for Loans in Forbearance

Agency also clarifies that loans under forbearance will remain in MBS Pools Today, the Federal Housing Finance Agency (FHFA) announced the alignment of Fannie Mae’s and Freddie Mac’s (the Enterprises) policies regarding servicer obligations to advance scheduled monthly principal and interest payments for single-family mortgage loans. Once a servicer has advanced four months of missed…

EDA: $1.1 Million Invested to Protect Iowa Businesses from Future Floods

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million grant to the M&P Missouri River Levee District of Glenwood, Iowa, to support resiliency planning to protect the region from future flooding disasters. The EDA grant will be matched with $279,149 in local investment. “The…

EDA: $3 Million Invested to Provide Critical Infrastructure Improvements in Tulsa County, OK 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 Tulsa County, Oklahoma, to improve critical infrastructure needed to protect businesses from flood damage. The EDA grant, which is located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $750,000 in…