FDIC: Annual Publication Examines Potential Credit and Market Risks
The Federal Deposit Insurance Corporation (FDIC) today published its 2019 Risk Review, an annual publication highlighting emerging risks and exposures in the banking system. The publication will be of particular interest to financial institutions, policymakers, analysts, and regulators. “The FDIC is committed to transparency and accountability, and the publication of our 2019 Risk Review provides an opportunity for…
EDA: Investment Made to Increase Disaster Preparedness and Resiliency for Small Businesses in Texas
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to LiftFund Inc., of San Antonio, Texas, to support a technical assistance program that will increase disaster preparedness and build resiliency for small businesses located in the 41 FEMA designated counties affected by Hurricane Harvey. The EDA grant will be…
EDA: $440,000 Invested to Improve Critical Infrastructure in Brattleboro, VT Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $440,000 grant to the Town of Brattleboro, Vermont, to make critical water infrastructure improvements needed to support commercial development. The project, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $320,000 in local funds and is expected…
EDA: $7.5 Million Invested to Help Establish the Tampa Bay Innovation Center Incubator
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $7.5 million grant to the Pinellas County Board of Supervisors of Clearwater, Florida, to help build the Tampa Bay Innovation Center Incubator, a 45,000 square foot state-of-the-art business facility. The project, to be located in a Tax Cuts…
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…