HUD: Chicago’s Historic Rosenwald Courts Apartments Earns 2018 HUD Secretary Award
The U.S. Department of Housing and Urban Development (HUD) and the Advisory Council on Historic Preservation (ACHP) today announced Chicago’s Rosenwald Courts Apartments, once home to boxer Joe Louis, and Olympian Jesse Owens, as the recipient of the 2018 ACHP/HUD Secretary’s Award for Excellence in Historic Preservation. This annual award recognizes developers, organizations, and agencies…
EDA: $5.5 Million Invested to Build Workforce Training Center in Perris, CA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $5.5 million grant to the city of Perris, California, to help build the Perris Downtown Skills Training and Job Placement Center. According to grantee estimates, the project is expected to create 325 jobs and spur $10 million…
EDA: $562,571 Invested to Support Job Creation in Chevak, AK
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $562,571 grant to the city of Chevak, Alaska, to support local job creation efforts. According to grantee estimates, the project is expected to create 12 jobs and generate $406,000 in private investment. “We commend the city of Chevak for taking advantage of…
ABA: Report Shows Consumer Delinquencies Hold Steady in Second Quarter 2018
Bank card and most installment loan delinquencies show improvement WASHINGTON — Bank card delinquencies declined in the second quarter while the composite ratio of installment loan delinquencies rose modestly, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. Importantly, 8 of the 11 categories tracked by ABA showed improvement or held steady,…
FEMA: President Trump Approves Major Disaster Declaration for the Territory of Guam
The Federal Emergency Management Agency announced today that federal disaster assistance has been made available to the territory of Guam to supplement territorial recovery efforts in the areas affected by Typhoon Mangkhut from September 10 through September 11, 2018. Federal funding is also available to the territory, and certain private nonprofit organizations on a cost-sharing…
HUD: VA and HUD Secretaries Announce Housing Initiatives to Support Homeless Veterans
HUD-VASH vouchers to provide housing for over 4,000 veterans U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson and U.S. Department of Veterans Affairs (VA) Secretary Robert Wilkie today joined together at the VA Community Resource and Referral Center to announce $35 million in grants to combat veteran homelessness. The funding will be provided…
FHFA: Public Input Requested on Fannie Mae and Freddie Mac’s Proposed Duty to Serve Plan Modifications
The Federal Housing Finance Agency (FHFA) has announced that it is requesting public input as part of the Agency’s consideration of proposed modifications to Fannie Mae and Freddie Mac’s (the Enterprises) 2018-2020 Underserved Markets Plans (Plans) under the Duty to Serve program. The Duty to Serve regulation allows an Enterprise to request to modify its…
FDIC: Chairman McWilliams Announces Transparency and Accountability Initiative
Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams today announced a new, agency-wide “Trust through Transparency” initiative in a speech at the 2018 Community Banking in the 21st Century Research and Policy Conference in St. Louis, Missouri. “Like any asset, trust must be earned and then preserved. In my view, the best way to maintain…
FEMA: President Trump Approves Major Disaster Declaration for New York
The Federal Emergency Management Agency announced today that federal disaster assistance has been made available to the state of New York to supplement state, and eligible tribal and local recovery efforts in the areas affected by severe storms and flooding on August 13 to August 15, 2018. Federal funding is available to state, and eligible…