FEMA: President Trump Approves Major Disaster Declaration for Vermont
FEMA announced that federal disaster assistance has been made available to the state of Vermont to supplement state and local recovery efforts in the areas affected by severe storms and flooding on Oct. 31 to Nov. 1, 2019. The President’s action makes federal funding available to the state, eligible local governments and certain private nonprofit…
HUD and Census Bureau: Residential Construction Activity Report for December 2019
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for December 2019. Building Permits Privately owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,416,000. This is 3.9 percent (±1.6 percent) below the revised…
HUD: New Rule Proposed Recognizing Additional Building Codes and Standards to Encourage More Housing Development
Proposed Rule to Adopt New Safe Harbors for Complying with the Fair Housing Act’s Design and Construction Requirements in Multifamily Housing The U.S. Department of Housing and Urban Development (HUD) today announced a proposed rule that would recognize additional sets of standards and model building code editions that, when followed in the design and construction of new…
FEMA: President Trump Signs Major Disaster Declaration for Puerto Rico
FEMA announced that federal emergency aid has been made available to the Commonwealth of Puerto Rico to supplement Commonwealth and local response efforts to the emergency conditions in the area affected by earthquakes beginning on Dec. 28, 2019, and continuing. The President’s action makes federal funding available to affected individuals in the municipalities of Guánica,…
FDIC: Money Smart for Small Business Credit and Banking Modules Updated
Enhanced tools can help banks support small businesses As part of their ongoing commitment to strengthening bank-community partnerships, the Federal Deposit Insurance Corporation (FDIC) and U.S. Small Business Administration (SBA) today released two updates to the popular Money Smart for Small Business curriculum. The updated modules focus on banking and credit, and are now available for banks…
ABA: Bank Economists Foresee Continued Economic Growth, Stable Interest Rates
The U.S. economy will continue to grow, add jobs and support wage gains in 2020 and beyond, according to the latest forecast of the American Bankers Association Economic Advisory Committee. There is broad agreement among the group’s 15 chief economists from some of North America’s largest banks, however, that the rate of growth is moderating….
HUD: Nearly $2.2 Billion Awarded to Local Homeless Programs
Funding supports thousands of local homeless housing and service programs U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced nearly $2.2 billion in grants to support thousands of local homeless assistance programs across the nation. HUD’s Continuum of Care grants will provide critically needed support to approximately 6,593 local programs on…
HUD: Nearly $500,000 Awarded to Public Housing Authorities to Help Young People Aging Out of Foster Care
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today awarded $482,000 to four housing authorities to assist young people aging out of foster care and who are at risk of experiencing homelessness. See chart below. Secretary Ben Carson made the announcement during an interview with Jericka Duncan on CBS This Morning. Funded through HUD’s new Foster…
Federal Reserve: Community Depository Institutions Advisory Council Members Announced for 2020
The Federal Reserve Board on Tuesday announced the members of its Community Depository Institutions Advisory Council (CDIAC) and the president of the council for 2020. The CDIAC advises the Board on the economy, lending conditions, and other issues of interest to community depository institutions. Members are selected from representatives of commercial banks, thrift institutions, and…
EDA: Indiana University and EDA Launch New USA Opportunity Zones Tool
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA), Indiana University (IU) and its Kelley School of Business announced the launch of the USA Opportunity Zones tool. This new web-based tool will help more than 390 EDA-designated Economic Development Districts (EDDs) across the nation, as well as local economic and community developers and investors, target…