SBA: Public-Private Mobilization Effort to Distribution $349 Billion in Emergency Small Business Capital Begins
Following President Trump’s signing of the historic Coronavirus Aid, Relief, and Economic Security (CARES) Act, SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin today announced that the SBA and Treasury Department have initiated a robust mobilization effort of banks and other lending institutions to provide small businesses with the capital they need. The CARES Act establishes a…
FHFA: Loan Processing Flexibilities Authorized for Fannie Mae and Freddie Mac Customers
The Federal Housing Finance Agency (FHFA) today announced several loan processing flexibilities from Fannie Mae and Freddie Mac (The Enterprises) designed to help their customers. The flexibilities announced by the Enterprises include: Allowing desktop appraisals on new construction loans; Allowing flexibility on demonstrating construction has been completed (alternative to the Completion Report); Allowing flexibility for…
FHFA: Comment Period Extended on Proposed Minimum Financial Eligibility Requirements for Seller/Services
The Federal Housing Finance Agency (FHFA) today announced a 30-day extension to the comment period for the proposed update to the minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Servicers. FHFA released the proposed update to the minimum financial requirements in January to further strengthen the Enterprises’ Seller/Servicer requirements and provide transparency and…
EDA: $4.4 Million Invested to Support Workforce Training in Bennettsville, SC
oday, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4.4 million grant to Northeastern Technical College of Cheraw, South Carolina, to establish a new workforce training center. The EDA grant, to be matched with more than $1.1 million in local investment, is expected to create more…
EDA: $869,000 Invested to Support Tribal Disaster Recovery Efforts in Wisconsin
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $869,000 grant to the Red Cliff Band of Lake Superior Chippewa Indians, Bayfield, Wisconsin, to hire an Economic Development Recovery Coordinator, who will implement strategies to diversify the local economy and foster sustained economic resilience in the face of recurring natural disasters….
FEMA: President Trump Approves Major Disaster Declaration for Ohio
FEMA announced that federal emergency aid has been made available for the state of Ohio to supplement state, tribal and local recovery efforts in the areas affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020 and continuing. Public Assistance Federal funding is available to the state, tribal and eligible local governments…
FEMA: President Trump Approves Major Disaster Declaration for Pennsylvania
FEMA announced that federal emergency aid has been made available for the Commonwealth of Pennsylvania to supplement state and local recovery efforts in the areas affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020 and continuing. Public Assistance Federal funding is available to the Commonwealth and eligible local governments and certain…
FEMA: President Trump Approves Major Disaster Declaration for Rhode Island
FEMA announced that federal emergency aid has been made available for the state of Rhode Island to supplement the state, tribal and local recovery efforts in the areas affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020 and continuing. Public Assistance Federal funding is available to state, tribal and eligible local…
Census Bureau: American FactFinder Officially Retired; Data.census.gov Now Primary Data Tool
Today the U.S. Census Bureau retired American FactFinder (AFF), the primary dissemination tool on census.gov for the past 20 years. Beginning in June of 2019, the Census Bureau stopped releasing new data in AFF, and transitioned to data.census.gov for data releases formerly on AFF. Data.census.gov represents a new chapter in the Census Bureau’s dissemination approach by centralizing data access…
EDA: $1.95 Million Invested to Make Critical Wastewater Infrastructure Improvements in Phenix City, AL
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.95 million grant to the city of Phenix City, Alabama, to upgrade the city’s only wastewater treatment plant to accommodate new and expanding businesses. The EDA grant, to be located near a Tax Cuts and Jobs Act Opportunity Zone,…