OCC: Mortgage Performance Slightly Improved in Second Quarter 2019
The Office of the Comptroller of the Currency (OCC) reported a slight improvement in the performance of first-lien mortgages in the federal banking system during the second quarter of 2019. The OCC Mortgage Metrics Report, Second Quarter 2019 showed 96.1 percent of mortgages included in the report were current and performing at the end of the quarter,…
FEMA: President Trump Approves Major Disaster Declaration for South Carolina
FEMA announced that federal disaster assistance has been made available to the state of South Carolina to supplement state and local recovery efforts in the areas affected by Hurricane Dorian beginning on August 31 to September 6, 2019. Federal funding is available to the state, eligible local governments and certain private nonprofit organizations on a…
EDA: $48 Million Invested to Support Natural Disaster Recovery and Resiliency Efforts in Texas
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $48 million in the state of Texas to help it prepare for natural disasters and promote economic resiliency and business growth. The EDA grants, some of which are to be located in Tax Cuts and Jobs Act designated Opportunity Zone, are…
EDA: $28.6 Million Invested to Support Growth of the Medical Sector in the U.S. Virgin Islands Following 2017 Hurricanes
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $28.6 million in the University of the Virgin Islands, Charlotte Amalie, to support efforts to diversify and strengthen the resiliency of the Island economy by helping to grow the medical sector. The two grants, to be located in…
EDA: $7.3 Million Invested in Infrastructure and Workforce Training Efforts in California Opportunity Zones
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $7.3 million in the state of California to help build and repair critical infrastructure and advance workforce training efforts. The grants, to be located in or to serve Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $1…
EDA: $5 Million Invested to Establish New Workforce Training Center in Houston, TX Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $5 million grant to SER-Jobs for Progress of the Texas Gulf Coast, Inc., Houston, Texas, to help establish a new workforce training center that will help develop skilled workers to support the growth of critical business sectors….
EDA: $3 Million Invested to Boost Workforce Training Opportunities in San Bernardino, CA Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the San Bernardino Community College District, San Bernardino, California, to modernize two existing buildings for a new workforce development facility. The EDA grant, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone,…
EDA: $3 Million Invested to Establish Workforce Training Facility in Gray, KY Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to KCEOC Community Action Partnership, Inc., of Gray, Kentucky, to help develop a workforce training facility in Barbourville. The grant, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with…
EDA: $2 Million Invested to Boost Coal Community in Greenup, KY
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Greenup Joint Sewer Agency of Greenup, Kentucky, to make water infrastructure improvements at the EastPark Industrial Park. This grant will be matched with $3 million in state and local funds and is…
EDA: $2 Million Invested to Provide Critical Roadway Infrastructure in Newton, TX Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Newton County, Texas, to rebuild a road critical to regional commerce that was damaged by Hurricane Harvey. The EDA grant, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, is expected…