EDA: $513,274 Invested to Support Manufacturing in Atkinson, IL
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $513,274 grant to the Village of Atkinson, Illinois, to make critical sewer infrastructure improvements needed to support the growth of manufacturing businesses in the region. This EDA grant, to be matched with $513,274 in local investment, is expected to create or retain…
HUD and Census Bureau: New Residential Sales Report for January 2020
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for January 2020: New Home Sales Sales of new single-family houses in January 2020 were at a seasonally adjusted annual rate of 764,000. This is 7.9 percent (±17.8 percent)* above the revised December…
SBA: Veterans Small Business Advisory Committees to Host Public Meetings on March 4 and 5
The U.S. Small Business Administration’sInteragency Task Force on Veterans Small Business Development and Advisory Committee on Veterans Business Affairs will hold public meetings on March 4 and 5 respectively at SBA headquarters in Washington, D.C. The meetings will also be accessible via teleconference and webinar. Fran Perez-Wilhite is the newly appointed ACVBA chairwoman. She was chosen…
ABA: California Teen Named Grand Prize Winner of National Video Contest
‘Lights, Camera, Save!’ inspires kids and teens to save during America Saves Week Michaela Oh, a 16-year-old student at Whitney High School in Rocklin, Calif., is the national winner of the American Bankers Association Foundation’s Lights, Camera, Save! video contest. Lights, Camera, Save!, which launched in 2010, is a unique national competition that encourages kids to…
FHFA: House Prices Rose 1.3 Percent in Fourth Quarter 2019; Up 5.1 Percent from 2018
U.S. house prices rose in the fourth quarter of 2019, up 1.3 percent according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 5.1 percent from the fourth quarter of 2018 to the fourth quarter of 2019. FHFA’s seasonally adjusted monthly index for December was up 0.6 percent from November. “Growth in U.S. home prices stabilized at the end…
CDFI Fund: $130.9 Million Announced in Awards for Affordable Housing Nationwide
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 38 organizations $130.9 million today for the development of affordable housing and community facilities in low-income communities. These awards were made through the fiscal year (FY) 2019 round of the Capital Magnet Fund, and will support financing for the preservation, rehabilitation,…
CDFI Fund: Request for Public Comment – CDFI Program, NACA Program and NMTC Program Annual Reports
The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the Community Development Financial Institutions Fund (CDFI Fund),…
FHFA: Request for Input on Federal Home Loan Bank Membership Issued
Today, the Federal Housing Finance Agency (FHFA) issued a Request for Input (RFI) on Federal Home Loan Bank (FHLBank) membership. The RFI, part of a holistic review of FHLBank membership, seeks public input on whether FHFA’s existing regulation on FHLBank membership ensures the FHLBank System, consistent with statutory requirements, remains safe and sound, provides liquidity…
FDIC: FDiTech Releases New Guide to Help FinTechs Connect with Banks
FDIC seeks to promote innovation in banking to meet growing consumer demand In its continuing effort to encourage technological innovation in the banking sector, the Federal Deposit Insurance Corporation’s technology lab (FDiTech) is releasing a new guide to help financial technology companies and others partner with banks. Conducting Business with Banks: A Guide for Third…
FDIC: Four Institutions Recognized for Financial Literacy
Organizations honored during America Saves Week As America Saves Week approaches, the Federal Deposit Insurance Corporation (FDIC) today is recognizing four institutions for their work to expand financial education and support healthy banking relationships. Read more: Money Smart News – Winter 2020. America Saves Week, which runs from February 24–29, is an annual ‘call to action’ to encourage…