EDA: $1.2 Million Invested for Infrastructure Improvements in Port Lavaca, TX
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to the City of Port Lavaca, Texas, to make infrastructure improvements needed to support businesses at the Harbor of Refuge, which was damaged by Hurricane Harvey. According to grantee estimates, the project is expected…
FHFA: Index Shows Mortgage Rates Increased in July 2018
Nationally, interest rates on conventional purchase-money mortgages increased from June to July, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.60 percent for loans closed in late July, up 1 basis point from 4.59 percent in June. The average interest…
CDFI Fund: Upcoming Deadlines and Updates for FY 2018 Capital Magnet Fund Round Applicants
As a reminder for prospective fiscal year (FY) 2018 Capital Magnet Fund Applicants, the deadline for online CMF Application submission through the Awards Management Information System (AMIS) is September 17, 2018 at 5:00 p.m. Eastern Time (ET). To ensure a successful Application submission, the Community Development Financial Institutions Fund (CDFI Fund) encourages all FY 2018…
FEMA: President Trump Approves Major Disaster Declaration for Nebraska
The Federal Emergency Management Agency announced today that federal disaster assistance has been made available to the state of Nebraska to supplement state, tribal, and local recovery efforts in the areas affected by severe storms, tornadoes, straight-line winds, and flooding on June 17 to July 1, 2018. Federal funding is also available to the state,…
Census Bureau: Findings for 2017 Income, Poverty and Health Insurance Online News Conference on September 12th
What: The U.S. Census Bureau will hold an online news conference to announce the findings from three reports: Income and Poverty in the United States: 2017, Health Insurance Coverage in the United States: 2017, and The Supplemental Poverty Measure: 2017. The income and poverty report provides national-level statistics from the Current Population Survey Annual Social…
HUD: $5 Million Awarded to 22 Public Housing Agencies for Emergency and Security Improvements
In an effort to keep public housing residents safe and secure, the U.S. Department of Housing and Urban Development (HUD) is awarding $5 million in grants to 22 public housing authorities. HUD’s Capital Fund Emergency Safety and Security Program supports public housing authorities as they address the safety of public housing residents. These grants may be used…
OCC: Agency Seeks Members for Its Minority Depository Institutions Advisory Council
The Office of the Comptroller of the Currency (OCC) is seeking nominations for members of its Minority Depository Institutions Advisory Committee (MDIAC). The MDIAC assists the OCC in assessing the needs and challenges facing minority depository institutions. The OCC is seeking nominations of officers or directors of OCC-regulated minority depository institutions, or officers or directors…
FEMA: President Trump Signs Emergency Declaration for Hawaii
The U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced today that federal emergency aid has been made available to the state of Hawaii to supplement state and local response efforts due to the emergency conditions in the areas affected by Hurricane Lane beginning on August 22, 2018, and continuing. The President’s action…