FEMA: President Trump Approves Major Disaster Declaration for North Carolina
The Federal Emergency Management Agency announced that federal disaster assistance has been made available to the state of North Carolina to supplement state and local recovery efforts in the areas affected by Tropical Storm Michael from Oct. 10-12, 2018. Federal funding is available to the state and eligible local governments and certain private nonprofit organizations…
FEMA: President Trump Approves Major Disaster Declaration for Minnesota
The Federal Emergency Management Agency announced today that federal disaster assistance has been made available to the state of Minnesota to supplement state and local recovery efforts in the areas affected by severe storms and flooding on Oct. 9 – 11, 2018. Federal funding is available to state and local governments, and certain private nonprofit…
HUD: 2018 Year in Review Highlighting Accomplishments Released
Today, the U.S. Department of Housing and Urban Development (HUD) released its 2018 Year in Review outlining the major accomplishments of the agency under Secretary Ben Carson. “Over the past year, the Trump Administration has continued to deliver on its promise to create greater economic opportunity for low-income families and encourage reinvestment in underserved communities,”…
Federal Reserve: Speech | Strengthening the Community Reinvestment Act: What Are We Learning?
Strengthening the Community Reinvestment Act: What Are We Learning? Governor Lael Brainard At “Research Symposium on the Community Reinvestment Act” hosted by the Federal Reserve Bank of Philadelphia, Philadelphia, Pennsylvania Thank you all for participating in our Research Symposium on the Community Reinvestment Act (CRA). I am happy to have an opportunity to learn from…
Federal Reserve: FEDS Notes | Are Disappearing Employer Pensions Contributing to Rising Wealth Inequality?
Are Disappearing Employer Pensions Contributing to Rising Wealth Inequality? John Sabelhaus and Alice Henriques Volz* The share of U.S. workers covered by a traditional employer-sponsored pension plan has declined dramatically over the past few decades. Fewer jobs today have any form of employer-sponsored retirement plan coverage, and those jobs that do have coverage are much…
EDA: $800,000 Invested to Support Disaster Recovery Efforts in Houston, TX
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $800,000 grant to the International Economic Development Council (IEDC) of Washington, D.C., to support ongoing economic recovery needs in Texas in the wake of Hurricane Harvey. “We commend our partners at IEDC for helping to revitalize Houston’s economy following Hurricane Harvey,” said…
FEMA: President Trump Approves Major Disaster Declaration for Alaska
The Federal Emergency Management Agency announced that federal disaster assistance has been made available to the state of Alaska to supplement state, tribal and local recovery efforts in the areas affected by an earthquake on November 30, 2018. The President’s action makes federal funding available to affected individuals in the Municipality of Anchorage, Matanuska-Susitna Borough,…
HUD: Secretary Carson Announces Agreement to Address Longstanding Issues at New York City Housing Authority
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced an agreement with the City of New York and the New York City Housing Authority (NYCHA) to provide a new roadmap forward for NYCHA that will address the longstanding issues at the housing authority’s properties. Read the agreement. “The families who have endured unimaginably…
HUD and Census Bureau: New Residential Sales Report for November 2018
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 November 2018: New Home Sales Sales of new single-family houses in November 2018 were at a seasonally adjusted annual rate of 657,000. This is 16.9 percent (±19.9 percent)* above the revised October…