EDA: Over $21 Million in CARES Act Funding Invested to Support Recovery from Coronavirus Pandemic

The U.S. Department of Commerce’s Economic Development (EDA) administration has awarded over $10 Million in CARES Act Funding to support economic development and economic recovery in response to the coronavirus pandemic. Investments include: $4.4 million to help West Virginia $400,000 to help the Eastern Panhandle Region of Virginia $400,000 to […]

HUD: More than $15 Million Awarded to Native American Tribes to Support Coronavirus Efforts

The U.S. Department of Housing and Urban Development (HUD) today awarded $15 million to Tribes across the Nation as part of HUD’s Indian Community Development Block Grant (ICDBG) Imminent Threat program, which provides funding to help address problems that pose an imminent threat to public health or safety of Tribal […]

Census Bureau: Weekly Household Pulse Survey Data Released

 The Census Bureau today released new data from the experimental Household Pulse Survey. The Household Pulse Survey is the result of an effort by the Census Bureau and other federal statistical agencies to document temporal trends in how individuals are experiencing business curtailment and closures, stay-at-home orders, school closures, changes in […]

FHFA: New Tenant Forebearance Protections Announced

Today, to help renters in multifamily properties stay in their homes and to support multifamily property owners during the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are allowing servicers to extend forbearance agreements for multifamily property owners with existing […]

OCC: Agency Highlights Key Risks for Federal Banking System

The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system and the effects of the COVID-19 pandemic on the federal banking industry in its Semiannual Risk Perspective for Spring 2020. Banks entered the national health emergency related to COVID-19 in sound condition […]

EDA: $1.8 Million in CARES Act Funding Invested to Boost Economic Development Programs to Help Native American and Alaska Native Planning Organizations

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding $1.8 million in CARES Act Recovery Assistance grants to Native American and Alaska Native planning organizations to update economic development plans and fortify programs to assist communities in responding to the coronavirus pandemic. “The Trump Administration is eager […]

EDA: Over $10 Million in CARES Act Funding Invested to Support Economic Recovery from Coronavirus Pandemic

The U.S. Department of Commerce’s Economic Development (EDA) administration has awarded over $10 Million in CARES Act Funding to support economic development and economic recovery in response to the coronavirus pandemic. Investments include: $400,000 to help 17 communities in Southeastern Massachusetts $400,000 to help the Prince William Sound Region of […]

Census Bureau: Weekly Data on Household Pulse Survey Released

The Census Bureau today released new data from the experimental Household Pulse Survey. The Household Pulse Survey is the result of an effort by the Census Bureau and other federal statistical agencies to document temporal trends in how individuals are experiencing business curtailment and closures, stay-at-home orders, school closures, changes in […]

HUD: Nearly $1 Million in CARES Act Funding Awarded to 19 State and Local Fair Housing Organizations

The Department of Housing and Urban Development announced today that it is awarding $962,160 in funding to HUD Fair Housing Assistance Program (FHAP) agencies in New York, Louisiana, Rhode Island, Iowa, Pennsylvania, Massachusetts, California, Texas, Indiana, Florida, Nebraska, Hawaii, South Carolina, Maryland, Michigan, Connecticut, and New Jersey to support activities […]

Regulatory Agencies Issue Examiner Guidance for Assessing Safety and Soundness Effect of COVID-19 Pandemic

The four federal agencies in conjunction with the state bank and credit union regulators today issued examiner guidance to promote consistency and flexibility in the supervision and examination of financial institutions affected by the COVID-19 pandemic.  No action on the part of supervised institutions is required. Stresses caused by the […]