SBA: Grants Awarded to 24 Organizations to Support Small Business Innovation and R&D Commercialization
The U.S. Small Business Administration granted 24 awards up to $125,000 per recipient in FY 2019 under its Federal and State Technology (FAST) Partnership Program. FAST’s objective is to improve outcomes for underrepresented entrepreneurs in SBA’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs and increase participation for women-owned, rural-based, and…
FHFA: House Prices Rise 1.0 Percent in Second Quarter; Up 5.0 Percent from Last Year
U.S. house prices rose in the second quarter of 2019, up 1.0 percent according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 5.0 percent from the second quarter of 2018 to the second quarter of 2019. FHFA’s seasonally adjusted monthly index for June was up 0.2 percent from May. FHFA produces the nation’s only public,…
OCC: Fourth Quarter 2019 and First Quarter 2020 CRA Evaluation Schedule Issued
The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the fourth quarter 2019 and first quarter 2020. The OCC encourages public comment on the national banks and federal savings associations scheduled to be evaluated under the CRA, and suggests that comments…
EDA: $1.25 Million Invested to Expand Missouri State University Business Incubator
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.25 million grant to Missouri State University, Springfield, Missouri, to expand its business incubator located in the Robert W. Plaster Free Enterprise Center. The project, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be…
CFPB: Fourth Biennial Report on the State of the Credit Card Market Released
The Consumer Financial Protection Bureau (Bureau) today released its fourth biennial report on the state of the credit card market for the period 2017-2018. In 2009, the Credit Card Accountability Responsibility and Disclosure Act (Act) made substantial changes to the legal requirements applicable to the credit card market, with Section 502 of the Act also…
EDA: $1.46 Million Invested to Establish Advance Carbon Products Innovation Center in Campbell County, WY
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.46 million grant to the Campbell County Economic Development Corporation of Gillette, Wyoming, to help build an Advanced Carbon Products Innovation Center that will spur new business growth in the Powder River Basin region. This EDA grant…
ABA: Foundation Invites Bank Volunteers for 2019 ‘Get Smart About Credit’ Day
Bankers visit classrooms across country on Oct. 18 to teach credit education The American Bankers Association Foundation is calling for banker volunteers for its 17th annual Get Smart About Credit campaign, an initiative designed to teach teens how to use credit effectively. Bankers will celebrate Get Smart About Credit Day on Oct. 17 and throughout…
HUD: Program Requirements Released for CDBG-Mitigation Program
Mitigation rules to support nine states and five local communities The U.S. Department of Housing and Urban Development (HUD) today published the program requirements for the Department’s new Community Development Block Grant –Mitigation (CDBG-Mitigation) Program to nine states and five local communities. Read HUD’s notice. CDBG-Mitigation funds represent a unique and significant opportunity for grantees to use this…
HUD and Census Bureau: New Residential Sales Report in July 2019 Released
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 July 2019: New Home Sales Sales of new single-family houses in July 2019 were at a seasonally adjusted annual rate of 635,000. This is 12.8 percent (±16.2 percent)* below the revised June…
HUD: $5.2 Million Awarded to 23 Public Housing Agencies for Emergency Safety and Security Improvements
The U.S. Department of Housing and Urban Development (HUD) today announced it is awarding $5.2 million to 23 Public Housing Authorities (PHAs) in 15 states to make needed improvements to their safety and security systems. HUD’s Capital Fund Emergency Safety and Security Program supports public housing authorities as they address the safety of public housing residents. These…