HUD and Census Bureau: Residential Construction Activity Report for April 2019
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for April 2019. Building Permits Privately owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 1,296,000. This is 0.6 percent (±2.6 percent)* above the revised…
EDA: U.S. Department of Commerce to Boost Manufacturing and Entrepreneurship Activity in Kearny, NJ Opportunity Zone
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is helping upgrade and improve Hackensack Avenue in Kearny, New Jersey, in support of the Kearny Point business center development. The investment will be matched by $1.3 million in local funds. The project is located in a Tax Cuts and…
EDA: U.S. Department of Commerce Announces Eleventh Americas Competitiveness Exchange
Senior Officials from Across the Globe Visit Puerto Rico’s Innovation and Entrepreneurship Hubs From May 18-25, the U.S. Department of Commerce’s Economic Development Administration (EDA) and International Trade Administration (ITA), in coordination with the U.S. Department of State and the Organization of American States (OAS), will participate in the Eleventh Americas Competitiveness Exchange (ACE) on…
HUD: $1.5 Billion Awarded to Support Seven States in Their Recovery from 2018 Disasters
Disaster recovery funds to repair damaged housing, businesses and infrastructure The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $1.5 billion to support seven states in their recovery from major disasters that occurred last year, including Hurricane Michael, Hurricane Florence and devastating wildfires in California. These funds are provided through HUD’s Community Development…
SBA: Certification Rule Proposed for Women-Owned Small Businesses
Seeking Comments by July 15 Today, the U.S. Small Business Administration published a proposed rule that will provide a free online application process for women-owned small businesses to be certified and eligible to participate in the SBA’s Women-Owned Small Business Program or access contracts as a Women-Owned Small Business (WOSB) or Economically Disadvantaged Women-Owned Small…
HUD: $85 Million Awarded to Revitalize Three Low-Income Neighborhoods
Federal investments expected to generate more than $620 million in neighborhood reinvestment U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced three communities across the country will receive a combined $85 million to redevelop severely distressed public or assisted housing and to revitalize surrounding neighborhoods. Provided through HUD’s Choice Neighborhoods Initiative, these grants, and the…
CFPB: Bureau Outlines Plan to Review Rules Under the Regulatory Flexibility Act
Today the Consumer Financial Protection Bureau (CFPB) published a notice on how it plans to periodically review regulations under the Regulatory Flexibility Act (RFA) and to request public input. Additionally, the Bureau published a notice requesting public input as part of its first RFA review examining the 2009 Overdraft Rule. In Section 610 of the…
FEMA: President Trump Approves Major Disaster Declaration for the Territory of Guam
FEMA announced today that federal disaster assistance has been made available to the territory of Guam to supplement territory recovery efforts in the areas affected by Typhoon Wutip from Feb. 23 to 25, 2019. The President’s action makes federal funding available to the territory and certain private nonprofit organizations on a cost-sharing basis for emergency…
FEMA: Louisa County Added to Iowa Disaster Declaration
Residents of Louisa County can now apply for disaster assistance to help them recover from the severe storms and flooding that began March 12. They join seven counties already designated for state and federal help to individuals: Fremont, Harrison, Mills, Monona, Pottawattamie, Shelby and Woodbury. The deadline for applying for assistance is July 1, 2019….
HUD: FHA Proposes New Lender Certification Requirements
Effort designed to improve clarity and certainty of compliance rules, expand financing options for borrowers The Federal Housing Administration (FHA) today proposed several revisions to its lender certification requirements with the goal of providing lenders and servicers greater certainty in how to satisfy the agency’s compliance requirements. In providing greater certainty to the process, FHA…