EDA: $1.9 Million Invested to Support the Manufacturing Sector in Berkeley County, SC
oday, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.9 million grant to Berkeley County to make critical water infrastructure improvements needed to support the region’s manufacturers. According to grantee estimates, the project is expected to create nearly 2,000 jobs and spur $520 million in private…
EDA: $1.2 Million Invested for Infrastructure Improvements in Port Lavaca, TX
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to the City of Port Lavaca, Texas, to make infrastructure improvements needed to support businesses at the Harbor of Refuge, which was damaged by Hurricane Harvey. According to grantee estimates, the project is expected…
CDFI Fund: Upcoming Deadlines and Updates for FY 2018 Capital Magnet Fund Round Applicants
As a reminder for prospective fiscal year (FY) 2018 Capital Magnet Fund Applicants, the deadline for online CMF Application submission through the Awards Management Information System (AMIS) is September 17, 2018 at 5:00 p.m. Eastern Time (ET). To ensure a successful Application submission, the Community Development Financial Institutions Fund (CDFI Fund) encourages all FY 2018…
HUD: $5 Million Awarded to 22 Public Housing Agencies for Emergency and Security Improvements
In an effort to keep public housing residents safe and secure, the U.S. Department of Housing and Urban Development (HUD) is awarding $5 million in grants to 22 public housing authorities. HUD’s Capital Fund Emergency Safety and Security Program supports public housing authorities as they address the safety of public housing residents. These grants may be used…
OCC: Agency Seeks Members for Its Minority Depository Institutions Advisory Council
The Office of the Comptroller of the Currency (OCC) is seeking nominations for members of its Minority Depository Institutions Advisory Committee (MDIAC). The MDIAC assists the OCC in assessing the needs and challenges facing minority depository institutions. The OCC is seeking nominations of officers or directors of OCC-regulated minority depository institutions, or officers or directors…
HUD: Following Court Ruling, Department Moving Forward on Amending Affirmatively Furthering Fair Housing Regulations
In the wake of a federal court decision upholding the U.S. Department of Housing and Urban Development’s approach to rulemaking, HUD Secretary Ben Carson today announced that HUD intends to move forward in amending its 2015 Affirmatively Furthering Fair Housing (AFFH) regulations. Last week, Chief Judge Beryl A. Howell, of the U.S. District Court for…
FHFA: Fannie Mae and Freddie Mac to Conclude Single-Family Rental Pilot Programs
The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) will conclude their single-family rental pilot programs and then terminate their participation in the single-family rental market except through their previously existing investor programs – Fannie Mae’s Multiple Financed Properties and Freddie Mac’s Investment Property Mortgages. In the last…
ABA: Foundation Invites Volunteers for 2018 “Get Smart About Credit” Day on October 18th
Bankers visit classrooms across country on Oct. 18 to teach credit education The American Bankers Association Foundation is calling for banker volunteers for its 16th annual Get Smart About Credit campaign, an initiative designed to teach teens how to use credit effectively. Bankers will celebrate Get Smart About Credit Day on Oct. 18 and throughout…
HUD: Department Launches New Campaign to Boost Landlord Acceptance of Housing Vouchers
New task force aimed at boosting landlord participation in Housing Choice Voucher Program WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced a Department-wide task force as part of a larger campaign to encourage more landlords to participate in the Housing Choice Voucher (HCV) Program. HUD’s HCV Program is the nation’s…
HUD: Department Files Housing Discrimination Complaint Against Facebook
Secretary-initiated complaint alleges platform allows advertisers to discriminate WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced today a formal complaint against Facebook for violating the Fair Housing Act by allowing landlords and home sellers to use its advertising platform to engage in housing discrimination. HUD claims Facebook enables advertisers to control…