EDA: $500,000 Invested to Support Entrepreneurship on Maryland’s Eastern Shore
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to Eastern Shore Entrepreneurship Center in Easton, Maryland, to purchase, position, and equip two modular laboratories. This grant will support the F3 Tech Agbiotech Bioreactors and Lab Equipment project, which will include two large-capacity bioreactors and related lab equipment. This…
CFPB: Interim Final Rule Issued to Extend Compliance Dates for Small Business Lending Rule Under Section 1071
Interim final rule extends compliance dates pursuant to court orders Today, the Consumer Financial Protection Bureau (CFPB) issued an interim final rule to extend compliance deadlines for the small business lending rule. After the CFPB issued the small business lending rule on March 30, 2023, a federal court in Texas stayed the rule pending the Supreme Court’s decision in CFPB…
ABA: Bank Economists Growing More Optimistic About Business Credit, Prospect for Soft Landing
Bank economists are expressing increased optimism about the outlook for business credit and the prospect of a soft landing for the U.S. economy over the next six months, according to the American Bankers Association’s latest Credit Conditions Index released today. The latest summary of ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly…
HUD: Disaster Assistance Available for New Mexico Survivors
Federal aid supports state, tribal and local recovery for June 2024 South Fork Fire and Salt Fire. The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of New Mexico and ordered Federal assistance to State, tribal and local recovery efforts in the areas affected by…
HUD: Over $469 Million Made Available to Protect Families from Home Health and Safety Hazards
Funding will assist communities’ efforts to protect vulnerable residents by making improvements to older housing to eliminate housing-related health and safety hazards. Today, the U.S. Department of Housing and Urban Development (HUD) announced the Lead Hazard Reduction Grant Program’s Notice of Funding Opportunity (NOFO) that makes over $469 million in grants available to state and…
CDFI Fund: Revisions to Capital Magnet Fund Interim Rule Published
Comments due to the CDFI Fund by August 26, 2024 The U.S. Department of the Treasury is issuing a revised Interim Rule for the Capital Magnet Fund (CMF), administered by the Community Development Financial Institutions Fund (CDFI Fund). Changes incorporated by the revised Interim Rule include, among other things: This revised Interim Rule also reflects…
HUD: $18.7 Million Transaction Closed to Preserve Affordable Rental Homes for Pittsburgh Families
Today, the U.S. Department of Housing and Urban Development’s Office of Multifamily Housing Programs announced the recent completion of a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of the City of Pittsburgh (HACP). The transaction will enable the city of Pittsburgh to rehabilitate and preserve nearly 90 affordable rental homes at Manchester Commons,…
HUD: Updated Climate Adaption and Resilience Plan Released
Biden-Harris Administration expands agency efforts to ensure operations are increasingly resilient to climate change impacts. Today, the U.S. Department of Housing and Urban Development joined more than 20 federal agencies to release its updated Climate Adaptation Plan and expand the Biden-Harris Administration’s efforts to ensure federal operations are increasingly resilient to climate change impacts. The updated adaptation…
HUD: Disaster Aid Offered to Hawaii Storm and Flood Victims
Federal aid supports state and local recovery for April 2024 Hawaii storms, flooding, and landslides. The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of Hawaii and ordered Federal assistance to State and local recovery efforts in the areas affected by severe storms, flooding and…
FEMA: Updates Announced to FEMA Individual Assistance Programs to Better Assist People with Disabilities
Earlier this year, FEMA announced updates to disaster assistance available during a federal declaration. These changes provide disaster support by increasing accessibility and eligibility for affected people, families and communities. Serious Needs Assistance This form of assistance covers important items like water, food, first aid, breastfeeding supplies, infant formula, diapers, personal hygiene items, fuel for…