OCC: Comptroller Tours Atlanta Areas Where the CRA Has Benefitted the Community and Where More Can Be Done
Comptroller of the Currency Joseph Otting, today visited Atlanta to tour neighborhoods that have benefitted from activities encouraged by the Community Reinvestment Act (CRA) and areas that could benefit from additional CRA activity. “Today, we saw what great things can be accomplished when banks, civil rights organizations, nonprofit groups, and local advocates work together to…
HUD: $6 Million Awarded to Provide Technical Assistance to Distressed Communities
LISC to help smaller communities experiencing economic distress, recovering from disaster The U.S. Department of Housing and Urban Development (HUD) today announced that it is awarding $6 million to the Local Initiatives Support Corporation (LISC) to provide critically needed technical assistance to distressed communities with populations under 40,000, including those located in Opportunity Zones and…
HUD: FHA to Promote Greater Residential and Commercial Development in Opportunity Zones
To stimulate greater multifamily residential and commercial development in Opportunity Zones, U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced the Federal Housing Administration (FHA) will insure mortgages on mixed-use development under the agency’s Section 220 Program in thousands of lower income communities across the country. In a speech before an Opportunity Zone…
EDA: $962,000 Invested to Make Critical Water Infrastructure Improvements in Doddridge County, WV
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $962,000 grant to the Doddridge County Public Service District to provide water service at a 50-acre commercial site located out of the floodplain in Doddridge County, West Virginia. The EDA grant, to be matched with $962,000 in local investment, is expected to…
HUD: $25 Million Awarded to 25 Local HIV/AIDS Housing Programs
Funding offers stable housing for individuals and families at risk of homelessness The U.S. Department of Housing and Urban Development (HUD) today announced nearly $25 million to assist more than 2,054 low-income persons living with HIV/AIDS and their families over a three-year period. The funding announced today is offered through HUD’s Housing Opportunities for Persons with…
EDA: $3 Million Invested to Support Food Processing Sector in Pasco, WA
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 city of Pasco, Washington, to make water infrastructure improvements needed to serve food processing and other businesses in the region. The grant, which will be matched with $3.9 million in local funds,…
EDA: $700,000 Invested Made for Critical Infrastructure Improvements in Laguna Vista, TX Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $700,000 grant to Laguna Madre Water District of Laguna Vista, Texas, to help attract new businesses to the region by increasing the capacity of the city’s existing wastewater system. The grant, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will…
EDA: $362,898 Invested to Support Electrical Grid Enhancements and Whether Forecasting Resiliency Project in St. Johnsbury, VT Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $362,898 grant to the Fairbanks Museum and Planetarium in St. Johnsbury, Vermont. The funding will implement their Electrical Grid Enhancements and Weather Forecasting Resiliency project, which will make infrastructure improvements needed to enhance regional public safety, add capacity to the regional Green…
ABA: New Report Examines Banks’ Use of Social Media
87 percent report active social media engagement More than eight in 10 banks (84 percent) believe social media is important to their institution and 87 percent are very or somewhat active on their social media accounts, according to a new report released today by the American Bankers Association. The State of Social Media in Banking 2019 highlights…