FDIC: Information Requested on Improving Communication With Banks, Consumers and Other Stakeholders
The Federal Deposit Insurance Corporation (FDIC) today announced that it is seeking comment on how the agency can maximize efficiency and minimize burden when communicating information to insured depository institutions, consumers, and others about laws, rules, and related matters. The request is part of Chairman Jelena McWilliams’ initiative to enhance transparency and accountability at the…
CDFI Fund: Updated CDFI Program Investment Areas and Target Markets Based on 2011-2015 ACS Census Data
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has released updated Investment Areas for the Community Development Financial Institutions Program (CDFI Program). Investment Areas have been revised using the U.S. Census Bureau’s 2011-2015 American Community Survey (ACS) to provide more current socioeconomic and demographic data that reflect changes since the…
EDA: $4.3 Million Invested in Ohio to Boost Business Development and Job Growth
oday, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $4.3 million in grants to the State of Ohio to help support local innovation and other economic growth efforts. “The Trump Administration is committed to spurring innovation efforts among students at colleges around the country,” said Secretary of…
EDA: $1.15 Million Invested to Support Business Growth in Silverton, OR
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.15 million grant to the City of Silverton to make critical water infrastructure improvements needed to support the community’s expansion plans. According to grantee estimates, the project is expected to create 150 jobs and spur $2 million…
HUD: FHA to Require Second Appraisal for Certain Reverse Mortgages
New policy designed to reduce ‘appraisal inflation’ WASHINGTON – The Federal Housing Administration (FHA) today announced that it will begin requiring lenders originating new Home Equity Conversion Mortgages (HECMs), commonly referred to as reverse mortgages, to provide a second property appraisal under certain circumstances. FHA is instructing lenders to provide a second independent property appraisal…
SBA: $5 Million Awarded in PRIME Grants to Help Emerging Micro-Entrepreneurs Gain Access to Capital
Thirty-two community-based organizations that provide assistance to underserved entrepreneurs across the United States are set to receive a combined $5 million in grants from the U.S. Small Business Administration’s Program for Investment in Micro-Entrepreneurs (PRIME). These organizations help low-income entrepreneurs gain access to capital to establish and expand their small businesses. This year’s 32 recipients…
EDA: $2.5 Million Invested to Strengthen Innovation and Economic Growth Initiatives
U.S. Secretary of Commerce Wilbur Ross today announced the grantees under the U.S. Economic Development Administration’s (EDA) 2018 University Center Economic Development Program Competition. EDA is providing a total of $2.5 million in grants to 20 colleges and universities in 13 states to run programs that will leverage their assets to promote American innovation and…
EDA: $5.3 Million Invested to Help Establish New Manufacturing and Data Processing Industrial Park in Millinocket, ME
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $5.3 million grant to Our Katahdin of Millinocket to make the infrastructure improvements needed to establish an industrial park that will support wood-product manufacturing and high-tech data processing businesses. According to grantee estimates, the project is expected…
EDA: $3 Million Invested to Help Establish a Workforce Training Facility in El Centro, CA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to San Diego Electrical Training Trust to help build a workforce training facility in El Centro. According to grantee estimates, the project is expected to create 332 jobs. “President Trump has been diligent in…
EDA: $3 Million Invested to Boost Workforce Training Opportunities in Oakland, CA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the Peralta Community College District of Oakland to renovate, expand, and modernize the College of Alameda Aviation Technology Maintenance Training facility. According to grantee estimates, the project is expected to create 1,109 new…