EDA: $2 Million Invested to Grow Manufacturing Sector in Lavonia, GA
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 city of Lavonia, Georgia, to make critical wastewater infrastructure improvements needed to support development of the Gateway Industrial Park. This grant will be matched with $2.6 million in local investment, and is…
HUD: Initiative Launches to Prevent and End Homelessness Among Young People Aging Out of Foster Care
‘FYI’ Initiative to offer housing vouchers to at-risk young people facing homelessness U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced a new initiative to target housing assistance to young people aging out of foster care and who are at extreme risk of experiencing homelessness. HUD’s new Foster Youth to Independence (FYI) Initiative will offer…
Census Bureau: New Report Examines Audience Segments for the 2020 Census
The U.S. Census Bureau released today the 2020 Census Predictive Models and Audience Segmentation Report. The report explains the Census Bureau’s predictions and understandings of how people might self-respond to the 2020 Census. Households will be able to respond to the 2020 Census online, by phone, or by mail. The report describes research on three aspects…
CFPB: Advanced Notice of Proposed Rulemaking on Qualified Mortgages Released
The Consumer Financial Protection Bureau (Bureau) today issued an Advance Notice of Proposed Rulemaking (ANPR) seeking information relating to the expiration of the temporary qualified mortgage provision applicable to certain mortgage loans eligible for purchase or guarantee by the Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, in the Bureau’s Ability to Repay/Qualified Mortgage…
HUD and Census Bureau: New Residential Sales Report for June 2019
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 June 2019: New Home Sales Sales of new single-family houses in June 2019 were at a seasonally adjusted annual rate of 646,000. This is 7.0 percent (±15.2 percent)* above the revised May…
EDA: Investment Made to Help Build New Technical Educational Building in Estill County, KY Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4 million grant to the Estill County Board of Education in Irvine, Kentucky, to help build an Area Technology Center (ATC) educational building. The project, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be…
Census Bureau: Schedule Released for 2018 American Community Survey Results
The U.S. Census Bureau’s schedule for the release of the 2018 American Community Survey data is as follows: Thursday, Sept. 26, 2019 (embargo begins at 10 a.m. EDT, Sept. 24) 2018 American Community Survey — Statistics on numerous demographic, social, economic and housing characteristics, including language spoken at home, educational attainment, commute to work, employment, mortgage status and…
SBA: Interim Rule Issued to Adjust Size Standards to Expand Lending & Contracting Opportunities
Deadline to comment on interim final rule is Sept. 16, 2019 The U.S. Small Business Administration recently issued an interim final rule that will adjust monetary-based small business size standards for inflation to allow more small businesses to become eligible for the SBA’s loan and contracting programs. The interim final rule was published in the Federal Register on July…
FHFA: House Price Index Up 0.1 Percent in May; Up 5.0 Percent from Last Year
U.S. house prices rose in May, up 0.1 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.4 percent increase for April 2019 remained unchanged. The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by,…
EDA: $23 Million Investment Made to Fuel High-Growth Entrepreneurship Across America
U.S. Secretary of Commerce Wilbur Ross today announced that 44 organizations — including nonprofits, institutions of higher education, and entrepreneurship-focused organizations — from 28 states and two territories will receive grants totaling $23 million to create and expand high-growth entrepreneurship and increase access to capital for communities across America. The grants are made annually under…