HUD: FHA Strengthens Mortgage Relief Options to Help Homeowners Impacted by Major Disasters

When disasters strike, homeowners can fall behind in their mortgage payments as they struggle to recover from a major disaster. To help homeowners impacted by major disasters, the Federal Housing Administration (FHA) today announced it is expanding its foreclosure prevention options to allow borrowers in Presidentially Declared Major Disaster Areas […]

HUD: $75 Million Awarded to Help End Youth Homelessness

Nearly double the funding to support innovative youth housing programs in 23 communities  The U.S. Department of Housing and Urban Development (HUD) is awarding $75 million to end youth homelessness in 23 local communities across the country, including eight rural areas. HUD’s Youth Homelessness Demonstration Program (YHDP) will help these communities to […]

CDFI Fund: Public Meeting of Advisory Board Scheduled for September 23rd in Washington, DC

Meeting Marks 25th Anniversary of the CDFI Fund The Community Development Financial Institutions Fund (CDFI Fund) is convening a meeting of the Community Development Advisory Board (the Advisory Board) from 9:00 a.m. to 3:00 p.m. Eastern Standard Time on Monday, September 23, 2019. The Advisory Board meeting will be held in Cash […]

OCC: Comptroller Visits New Mexico Pueblos to Discuss CRA and Bank Services

Comptroller of the Currency Joseph Otting today visited Native American pueblos in New Mexico as part of a nationwide effort to discuss modernizing Community Reinvestment Act (CRA) regulations and opportunities to bring more investment, lending, and services to underserved areas. While in northern New Mexico, the Comptroller and senior staff […]

FEMA: President Trump Approves Major Disaster Declaration for Louisiana

FEMA announced today that federal disaster assistance has been made available to the state of Louisiana to supplement state and local recovery efforts in the areas affected by Hurricane Barry from July 10-15, 2019. FEMA’s Public Assistance funding is available to the state and eligible local governments and certain private […]

FEMA: President Trump Approves Major Disaster Declaration for Wisconsin

FEMA announced that federal disaster assistance has been made available to the state of Wisconsin to supplement state, tribal and local recovery efforts in the areas affected by severe storms, tornadoes, straight-line winds, and flooding from July 18-20, 2019. Federal funding is available to state, tribal, eligible local governments and […]

SBA: Grants Awarded to 24 Organizations to Support Small Business Innovation and R&D Commercialization

The U.S. Small Business Administration granted 24 awards up to $125,000 per recipient in FY 2019 under its Federal and State Technology (FAST) Partnership Program.  FAST’s objective is to improve outcomes for underrepresented entrepreneurs in SBA’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs and increase […]

FHFA: House Prices Rise 1.0 Percent in Second Quarter; Up 5.0 Percent from Last Year

U.S. house prices rose in the second quarter of 2019, up 1.0 percent according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI).  House prices rose 5.0 percent from the second quarter of 2018 to the second quarter of 2019.  FHFA’s seasonally adjusted monthly index for June was up 0.2 percent from May. FHFA […]

OCC: Fourth Quarter 2019 and First Quarter 2020 CRA Evaluation Schedule Issued

The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the fourth quarter 2019 and first quarter 2020. The OCC encourages public comment on the national banks and federal savings associations scheduled to be evaluated under the […]

EDA: $1.25 Million Invested to Expand Missouri State University Business Incubator

 Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.25 million grant to Missouri State University, Springfield, Missouri, to expand its business incubator located in the Robert W. Plaster Free Enterprise Center. The project, to be located in a Tax Cuts and […]