FDIC: Farmers and Merchants Bank Assumes All of the Deposits of Ericson State Bank, Ericson, NE
Ericson State Bank in Ericson, Nebraska, was closed today by the Nebraska Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into a purchase and assumption agreement with Farmers and Merchants Bank in Milford, Nebraska, to assume all of the deposits of Ericson…
HUD: New Report Explores Problem of “Credit Invisibility” Among HUD-Assisted Households
First-of-its-kind study examines reporting rent payments to credit reporting agencies Landlords and property management groups regularly use credit checks to make determinations about renting to potential tenants and many employers incorporate credit checks in hiring decisions. A low credit score or credit invisibility can thusly limit housing choice and employment opportunity for low-income families. A…
HUD: $2.7 Billion Awarded to Improve, Preserve Public Housing
Housing authorities will use funding to modernize housing for families, seniors The U.S. Department of Housing and Urban Development (HUD) today awarded more than $2.7 billion to public housing authorities (PHA) in all 50 states, as well as the District of Columbia, Guam, Puerto Rico and the U.S. Virgin Islands. The funding will allow agencies…
HUD: 2020 Secretary’s Awards Kicks Off with Healthy Homes Competition
Award is an excellent opportunity to highlight successful work on the state and local level intersectinghealth and housing Today, the U.S. Department of Housing and Urban Development (HUD) announced it’s opening this year’s HUD Secretary Awards for Healthy Homes. Promoting healthy homes that foster strong, vibrant communities and families has been a top priority for…
SBA: Services Expanded for Women Entrepreneurs in South Carolina
The U.S. Small Business Administration (SBA) is accepting grant applications for a new Women’s Business Center in South Carolina. This expansion of SBA services is part of the agency’s priority to open more doors for women entrepreneurs and increase access to resources in socially and economically disadvantaged communities. “This new grant opportunity will empower nonprofit organizations to…
Census Bureau: Less Than One Month Until U.S. Households Receive 2020 Census Invitations
Invitations to Respond to the 2020 Census Questionnaire to Be Mailed to Households Throughout the Country Between March 12 and March 20, invitations to participate in the 2020 Census will start arriving in households across the country. “The Census Bureau is ready for the nation to respond next month,” said Census Bureau Director Dr. Steven…
HUD: Bus Tour Arrives in Los Angeles
Visit with United Dwelling part of nationwide “Driving Affordable Housing Across America Bus Tour” U.S. Department of Housing and Urban Development Secretary Ben Carson today visited Los Angeles, California, as part of his “Driving Affordable Housing Across America Bus Tour.” Secretary Carson visited United Dwelling, an organization that creates accessory dwelling units by working with…
HUD: Secretary Carson Delivers Keynote Address at Schwarzenegger’s Homelessness Summit
Visit is part of the nationwide “Driving Affordable Housing Across America Bus Tour” U.S. Department of Housing and Urban Development Secretary Ben Carson today visited Los Angeles, California, as part of his “Driving Affordable Housing Across America Bus Tour.” Secretary Carson gave a keynote address at ‘Unhoused:’ Addressing Homelessness in California Summit. Hosted in partnership with…
FDIC: FFIEC Issues 2020 Version of Guide to HMDA Reporting: Getting It Right!
Summary: The Federal Financial Institutions Examination Council (FFIEC) has issued the 2020 edition of A Guide to HMDA Reporting Getting It Right! for Home Mortgage Disclosure Act-related data collected in 2020 and reported in 2021. This compliance resource can help financial institutions better understand HMDA requirements, including the data collection and reporting provisions. Statement of Applicability to…
EDA: $1.7 Million Invested to Help Make Critical Infrastructure Improvements in Saipan, Northern Marian Islands Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.7 million grant to the Commonwealth Utilities Corporation in Saipan, Northern Mariana Islands, to assist with the construction of a new water filtration system. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone,…