SBA: Economic Injury Disaster Loans Available to U.S. Agricultural Businesses Impacted by COVID-19 Pandemic
U.S. Small Business Administration Administrator Jovita Carranza announced today that agricultural businesses are now eligible for SBA’s Economic Injury Disaster Loan (EIDL) and EIDL Advance programs. SBA’s EIDL portal will reopen today as a result of funding authorized by Congress through the Paycheck Protection Program and Healthcare Enhancement Act. The legislation, signed into law by the President one week…
FHFA: New Tools Announced to Help Renters Find Out if They Are Protected from Eviction
To help renters find out if they are protected from evictions during the COVID-19 national health emergency, the Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) have created online multifamily property lookup tools. The property lookup tools allow renters to find out if the multifamily property where they…
EDA: $6.4 Million Invested to Increase Water and Sewer Capacity Near Opportunity Zone in Yankton, SD
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $6.4 million grant to the city of Yankton, South Dakota, to make necessary water and sewer infrastructure improvements to increase capacity for businesses and promote resiliency following flood damage in 2019. The EDA grant, to be located…
EDA: $2 Million Invested to Support Economic Development Planning and Disaster Resiliency Efforts in Arkansas
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to Southeast Arkansas Economic Development District, Inc., (SEAEDD) of Pine Bluff, Arkansas, to establish a new headquarters facility in Pine Bluff. The EDA grant will be matched with $399,000 in local investment. “The Trump…
ABA: Foundation Encourages Banks to Submit Nominations for Annual Community Commitment Awards
The ABA Foundation is seeking submissions for its eighth annual Community Commitment Awards. The awards, one of the industry’s highest honors for extraordinary bank commitment to communities, recognizes innovative, high-impact programs that improve the quality of life for the customers and communities banks serve. The entry period ends July 1. “Now more than ever, America’s banks…
FEMA: Crisis Counseling due to COVID-19 Approved for 30 States
Today, FEMA announced approval of 30 states and the District of Columbia for its Crisis Counseling Assistance and Training program. The program helps fund state-provided crisis counseling services to residents struggling with stress and anxiety as a result of the coronavirus (COVID-19) pandemic. FEMA previously funded crisis counseling in six states: $1.6 million to California…
FEMA: President Trump Approves Major Disaster Declaration for South Carolina due to Severe Storms
FEMA announced that federal disaster assistance has been made available to the state of South Carolina and ordered federal aid to supplement state, tribal, and local recovery efforts in the areas affected by severe storms, tornadoes and straight-line winds from April 12 to April 13, 2020. The President’s action makes federal funding available to affected…
HUD: Second Wave of Relief Funds, Over Half a Billion Dollars, Allocated to Protect Low-Income Americans
Funds can be used for personal protective equipment, childcare costs, travel costs to receive testing, among other actions U.S. Department of Housing and Urban Development Secretary Ben Carson today announced his Department will allocate $685 million in COVID-19 relief funding to help low-income Americans residing in public housing. The funding, made available by the CARES Act legislation…