FEMA: President Trump Approves Major Disaster Declaration for Iowa
The Federal Emergency Management Agency announced today that federal disaster assistance has been made available to the state of Iowa to supplement state, tribal, and local recovery efforts in the areas affected by severe storms, tornadoes, and straight-line winds on June 6 to July 2, 2018. Federal funding is available to the state, tribal, and…
FHFA: Fannie Mae and Freddie Mac to Conclude Single-Family Rental Pilot Programs
The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) will conclude their single-family rental pilot programs and then terminate their participation in the single-family rental market except through their previously existing investor programs – Fannie Mae’s Multiple Financed Properties and Freddie Mac’s Investment Property Mortgages. In the last…
ABA: Foundation Invites Volunteers for 2018 “Get Smart About Credit” Day on October 18th
Bankers visit classrooms across country on Oct. 18 to teach credit education The American Bankers Association Foundation is calling for banker volunteers for its 16th annual Get Smart About Credit campaign, an initiative designed to teach teens how to use credit effectively. Bankers will celebrate Get Smart About Credit Day on Oct. 18 and throughout…
HUD: Department Launches New Campaign to Boost Landlord Acceptance of Housing Vouchers
New task force aimed at boosting landlord participation in Housing Choice Voucher Program WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced a Department-wide task force as part of a larger campaign to encourage more landlords to participate in the Housing Choice Voucher (HCV) Program. HUD’s HCV Program is the nation’s…
Federal Reserve: FEDS Notes | The Branch Puzzle: Why Are There Still Bank Branches?
Elliot Anenberg, Andrew C. Chang, Serafin Grundl, Kevin B. Moore, and Richard Windle* We provide evidence that the persistence of the large number of local bank branches across the country may be due to the fact that both depositors and small businesses continue to value local bank branches. Read the Full Article.
HUD: Department Files Housing Discrimination Complaint Against Facebook
Secretary-initiated complaint alleges platform allows advertisers to discriminate WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced today a formal complaint against Facebook for violating the Fair Housing Act by allowing landlords and home sellers to use its advertising platform to engage in housing discrimination. HUD claims Facebook enables advertisers to control…
EDA: $1.97 Million Invested to Build an Automative Training Facility in Georgetown, DE
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.97 million grant to the Delaware Technical and Community College of Dover, Delaware, to build a new automotive training center. According to grantee estimates, the project is expected to create 43 jobs, retain 44 jobs, and generate…
FEMA: Beware of Disaster-Related Fraud and Scam Artists
As California residents work to recover from recent wildfires, they should be on guard for and report suspicious activity of potential fraud, scam artists and other criminals who prey on survivors. If you suspect someone is perpetrating fraud, call the National Center for Disaster Fraud Hotline at 866-720-5721 or your local police department. Listed are…
HUD and Census Bureau: Residential Construction Activity Report for July 2018
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 July 2018. Building Permits: Privately owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,311,000. This is 1.5 percent (±1.3 percent) above the revised…