HUD: 2019 Year in Review Highlighting Accomplishments Released

The U.S. Department of Housing and Urban Development (HUD) today released its 2019 Year in Review outlining the major accomplishments of the agency under Secretary Ben Carson. “The Trump Administration continues to deliver on its promise to create greater economic opportunity for low-income families and revitalize underserved communities,” said, Secretary Carson. “HUD […]

HUD: $5 Million Awarded to Public Housing Authorities to Help Tenants Relocate

Tenant protection vouchers will help relocate tenants whose public housing units have been converted or demolished  The U.S. Department of Housing and Urban Development (HUD) today awarded $5 million to public housing authorities to provide tenant protection vouchers to public housing residents. These vouchers will help families with relocation or […]

EDA: Investment Made to Support Business Education in New York

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $800,000 grant to TruFund Financial Services, Inc., of New York, New York to support the Hunts PoinEt Growth and Resiliency Program. The two-year program will provide business education classes and one-on-one counseling led by TruFund staff and […]

EDA: Investment Made to Support Entrepreneurial and Start-up Growth in West Virginia

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $708,300 grant to New River Gorge Regional Development Authority in Beckley, West Virginia to promote business development, job creation, job retention, and private investment in Southern West Virginia by expanding WV HIVE entrepreneur and business assistance programs. […]

EDA: $550,000 Invested to Support Critical Infrastructure to New Industrial Park in Belchertown, MA

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $550,000 grant to the Massachusetts Development Finance Authority of Boston, Massachusetts to make critical infrastructure improvements needed to support the development of a new 17-acre industrial site in Belchertown. The EDA grant project, to be located near […]

FDIC: Proposed Rule on Brokered Deposit Restrictions Issued

The Federal Deposit Insurance Corporation (FDIC) today issued a notice of proposed rulemaking (NPR) to modernize its brokered deposit regulations. The proposal would, among other things, modernize a regulatory framework built for a different era to remove regulatory disincentives to offering deposit accounts to customers through different channels. The proposal […]

EDA: $2 Million Invested to Make Critical Wastewater Infrastructure Improvements in Fort Fairfield, ME

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Fort Fairfield Utilities District of Fort Fairfield, Maine to support the local business community by replacing the town’s existing 60-year-old wastewater treatment facility. The EDA grant will […]

EDA: $1.6 Million Invested to Support Growth of Wood Products Sector in Clarke County, AL

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.6 million grant to Clarke County, Alabama to make infrastructure improvements at North Clark Industrial Park needed to support a new lumber mill operation. The EDA grant, to be matched with $1.1 […]

EDA: $1.6 Million Invested to Support Business Development and Disaster Efforts in South Carolina

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $1.6 million in the state of South Carolina to stimulate private investment and help protect businesses from future severe weather events. The EDA grants, to be matched with $775,148 in state and local […]

HUD: Nearly $200 Million Awarded for Affordable Housing in Native American Communities

Funds will help construct approximately 1,200 new housing units The U.S. Department of Housing and Urban Development yesterday announced nearly $200 million in grant awards to 52 Native American Tribes and Tribally Designated Housing Entities (TDHEs) across the Nation for new housing construction, housing rehabilitation, and critical infrastructure projects. HUD […]