FHFA: Updated Minimum Financial Eligibility Requirements Re-Proposed for Fannie Mae & Freddie Mac Seller/Servicers
Due to recent market events, the Federal Housing Finance Agency (FHFA) announced today that it will be re-proposing the updated minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Servicers. FHFA has determined that it is prudent to work with the Enterprises to reassess and re-propose these requirements, including incorporating lessons learned from the…
FHFA: 2019 Report Issued to Congress
The Federal Housing Finance Agency (FHFA) today released its annual Report to Congress, covering calendar year 2019. The report addresses several topics related to the fulfillment of FHFA’s statutory responsibilities and the financial condition of FHFA’s regulated entities: Fannie Mae and Freddie Mac (the Enterprises) and the Federal Home Loan Banks (FHLBanks). The report makes recommendations…
EDA: $2.1 Million Invested to Establish Training Center for Nursing Programs in Schriever, LA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2.1 million grant to the Fletcher Falcon Enterprise Corporation of Schriever, Louisiana, to build a new healthcare and nursing training facility to support the workforce demands of regional employers. The EDA grant, to be matched with $560,000…
EDA: $2 Million Invested to Provide Critical Infrastructure at Shenandoah Valley Regional Airport in Weyers Cave, VA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $2 million grant to the Shenandoah Valley Regional Airport Commission in Weyers Cave, Virginia, to construct new airport hangars and training space to support increased aviation activity in the region. “From day one, the Trump Administration put infrastructure…
OCC: $800,000 Invested to Grow Revolving Loan Fund Serving Businesses in Tallahassee, FL Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $800,000 grant to the Apalachee Regional Planning Council (ARPC) in Tallahassee, Florida, to support business recovery and resilience efforts in the wake of Hurricane Michael by capitalizing a second loan pool under the ARPC Revolving Loan Fund. The investment, located in a Tax…
EDA: $800,000 Invested to Make Critical Infrastructure Improvements Needed in Oklahoma Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $800,000 grant to the Garfield County Industrial Authority, Enid, Oklahoma, to support business expansion plans by improving the Garfield County Industrial Park. The EDA grant, to be located in a Tax Cuts and Jobs Act Opportunity Zone, will be matched with $225,394 in local…
Census Bureau: 2020 Census Workers to Count Population Experiencing Homelessness
The U.S. Census Bureau has announced the new schedule for counting people experiencing homelessness in the 2020 Census. The operation was originally scheduled for March 30, March 31 and April 1, but health and safety concerns with COVID-19 forced us to delay these activities. Between September 22 and 24, the Census Bureau now plans to…
CFPB: New Online Resource Helps Communities Prevent and Respond to Elder Fraud
The Consumer Financial Protection Bureau (Bureau) today released an online resource to help communities form networks to increase their capacity to prevent and respond to elder financial abuse. The Elder Fraud Prevention and Response Networks Development Guide (Networks Development Guide) offers planning tools, templates, and exercises to help communities create a collaborative network to fight…
SBA and Treasury: New and Revised Guidance Regarding the Paycheck Protection Program Announced
The U.S. Small Business Administration, in consultation with the U.S. Department of the Treasury, issued new and revised guidance for the Paycheck Protection Program (PPP). This guidance implements the Paycheck Protection Program Flexibility Act (PPPFA), signed into law by President Trump on June 5, 2020, and expands eligibility for businesses with owners who have past…
HUD: Statement on Google’s Efforts to Improve Fair Lending Compliance
The U.S. Department of Housing and Urban Development (HUD) today announced that HUD has worked with Google to improve Google’s online advertising policies to better align them with requirements of the Fair Housing Act, where applicable. The Fair Housing Act is administered by HUD and prohibits discrimination in the sale, rental and financing of most…