FEMA: Federal Funding for U.S. Virgin Islands Tops $1 Billion
ST. CROIX, Virgin Islands – The Federal Emergency Management Agency and its partners have provided more than $1 billion to households, businesses, territorial agencies and flood insurance policyholders to help them recover from hurricanes Irma and Maria. As of March 19, the funding includes: $74.8 million in Individual Assistance for individuals and households, including rental assistance,…
SBA: Administrator Announces National Small Business Week Awardees
Administrator Linda McMahon, the head of the U.S. Small Business Administration, today announced the 2018 National Small Business Week awardees for 14 different categories ranging from research and development, exporting, outreach, contracting, lending, disaster recovery to manufacturing. Last week McMahon announced the 52 Small Business Person of the Year state and territorial winners. These recipients are…
CFPB: 4 Tips to Spring Clean Your Finances
By Liane Weissenberger Spring is here, and it’s the perfect time to get your home and your finances in order. Here are a few ways to get started spring cleaning your finances: 1. Request a free credit report You can request a free credit report every 12 months from each of the three major consumer…
CFPB: Applications Open for CFPB Advisory Board and Councils
To be sure that we hear from a variety of experts with diverse viewpoints, we set up the Consumer Advisory Board, the Community Bank Advisory Council, and the Credit Union Advisory Council. These advisory groups provide us with information about emerging trends and practices in the consumer financial marketplace. They also allow us to hear…
CDFI Fund: U.S. Treasury Announces $120 Million in Awards for Affordable Housing
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 40 organizations $120 million today for the development of affordable housing and related economic development activities in low-income communities. These awards were made through the fiscal year (FY) 2017 round of the Capital Magnet Fund, with funds available from the calendar…
FEMA: President Trump Extends U.S. Virgin Islands Disaster Declaration
The Federal Emergency Management Agency (FEMA) announced that additional disaster assistance is available to the Territory of the U.S. Virgin Islands through an extension of increased federal funding, including direct federal assistance, to the Territory for debris removal and emergency protective measures undertaken as a result of Hurricane Irma beginning on September 5, 2017 and…
HUD and Census Bureau: Residential Construction Activity Report February 2018
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 February 2018. Building Permits: Privately owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 1,298,000. This is 5.7 percent (±0.7 percent) below the revised…
FEMA: 2018-2022 Strategic Plan Released
FEMA released today its 2018-2022 Strategic Plan which seeks to unify and further professionalize emergency management across the country, helping us build a stronger agency and a more resilient nation. When disasters strike, FEMA cannot succeed alone in the mission of helping people. We need to work in coordination with our partners and stakeholders to…
HUD: Secretary Carson Launches New Financial Controls Including Grant Modernization
U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced new measures to protect the financial integrity of the agency and correct lax internal processes and controls. Secretary Carson directed HUD’s newly appointed Chief Financial Officer, Irving Dennis, to design and implement a transformation plan and lead an internal taskforce to combat…