Census Bureau: Household Pulse Survey Phase 3 Biweekly Data Released
The U.S. Census Bureau today released new data from the third phase of the experimental Household Pulse Survey. The Household Pulse Survey is the result of an effort by the Census Bureau and other federal statistical agencies to document temporal trends in how individuals are experiencing business curtailment and closures, stay-at-home orders, school closures, changes in the…
HUD: Nearly $5 Million Awarded for Revitalization Plans in Eleven Neighborhoods
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today awarded nearly $5 million to eleven communities to help create plans to redevelop severely distressed HUD assisted housing and revitalize neighborhoods. Funded through HUD’s Choice Neighborhoods program, these grants will help local leaders craft comprehensive, homegrown plans to revitalize and transform these neighborhoods. “Today’s…
FHFA: 2021 Affordable Housing Goals for Fannie Mae and Freddie Mac Announced
Also publishing an advance notice of proposed rulemaking seeking input on future housing goals rulemaking Today, the Federal Housing Finance Agency (FHFA) announced its 2021 affordable housing goals for Fannie Mae and Freddie Mac (the Enterprises). Due to the economic uncertainty related to the COVID-19 national pandemic, FHFA is announcing the benchmarks for calendar year…
FDIC: New 2020 Community Banking Study Released
The Federal Deposit Insurance Corporation (FDIC) today released a new large-scale study on the state of the nation’s community banks. The FDIC’s 2020 Community Banking Study finds community banks played a critical role in providing access to credit in several key areas of the U.S. economy, particularly through lending to support commercial real estate, small businesses and…
EDA: Investment Made to Establish Disaster Resilient Workforce Training Center in Northern Mariana Islands Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is making a critical recovery award using Fiscal Year 2019 Disaster Supplemental funds to Northern Marianas College (NMC), Saipan, Northern Mariana Islands, to construct a three-story, approximately 20,158 square foot, typhoon resistant, ADA compliant Workforce Development and Training Center. The…
EDA: $3 Million Invested in CARES Act Recovery Assistance to Aid Reopening of Tourism Economy in South Carolina
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million CARES Act Recovery Assistance grant to the South Carolina Department of Parks, Recreation and Tourism, Columbia, South Carolina, to support the implementation of the state’s Tourism Recovery Marketing Plan to assist its tourism industry’s economic…
OCC: Report Shows Decline in Mortgage Performance in Third Quarter 2020
The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system declined during the third quarter of 2020. The OCC Mortgage Metrics Report, Third Quarter 2020 showed that 92.5 percent of mortgages included in the report were current and performing at the end of the quarter, compared…
Census Bureau: 2020 Demographic Analysis Estimates Released
Figures Estimate the Size of the Nation’s Population Independent of the 2020 Census The U.S. Census Bureau today released its 2020 Demographic Analysis, which provides a range of estimates — low, middle and high — for the nation’s population as of April 1, 2020. Instead of collecting responses from households like the 2020 Census, Demographic Analysis…
HUD: Grant to the Global Forum for Freedom and Justice Announced
U.S. Housing and Urban Development Secretary Ben Carson announced a $2.9 million dollar grant to the Global Forum for Freedom and Justice to conduct a feasibility study to determine the best location in Birmingham, Alabama to construct the “international gathering place focused on leadership, education, innovation and understanding, placed upon the sacred soil that gave…
FHFA: Report on Non-Performing Loan Sales Released
The Federal Housing Finance Agency (FHFA) today released the latest report on the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac (the Enterprises). The Enterprise Non-Performing Loan Sales Report includes sales information about NPLs sold through June 30, 2020 and reflects borrower outcomes on NPLs sold through December 31, 2019 and reported through…