EDA: $7.25 Million Invested in Texas to Support Disaster Recovery and Entrepreneurial Growth Efforts
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding $7.25 million in grants to the state of Texas to help the communities of Rockport and Lubbock respond to 2017 disasters and to support entrepreneurial growth efforts in Amarillo. “President Trump has committed to supporting Texas and helping…
EDA: $1 Million Invested to Expand Broadband Service in South Bend, IN
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to St. Joseph County, Indiana, to expand high-speed broadband infrastructure at the Indiana Enterprise Center (IEC). According to grantee estimates, the project is expected to create 230 jobs and spur $710 million in private…
HUD: Second Invitation Issued for Public Housing Agencies to Join “Moving to Work” Demonstration Program
MTW allows greater flexibility to improve housing choice and self-sufficiency The U.S. Department of Housing and Urban Development (HUD) is inviting a second round of public housing agencies to join the Department’s expanding Moving to Work (MTW) demonstration program. Today’s invitation follows a similar notice last October seeking the first cohort under the MTW expansion. MTW allows…
HUD and Census Bureau: New Residential Sales Report for January 2019
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for January 2019: New Home Sales Sales of new single-family houses in January 2019 were at a seasonally adjusted annual rate of 607,000. This is 6.9 percent (±16.3 percent)* below the revised December…
Interagency: Agencies Announce Two Public Meetings on Merger of BB&T and SunTrust; Public Comment Period Extended
The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Thursday announced that they will jointly hold two public meetings on the proposed merger of BB&T Corporation, Winston-Salem, North Carolina, with SunTrust Banks, Inc., Atlanta, Georgia. As part of the proposal, BB&T would merge SunTrust Bank with and into its subsidiary state non-member…
CFPB: Forty Organizations Join the 2019 “Your Money, Your Goals” Cohort
As part of its mission to empower consumers to make more informed financial decisions, the Bureau works through established community organizations and service providers to integrate financial empowerment tools and services. Today we welcome 40 new organizations to the 2019 Your Money, Your Goals cohort. Since 2013, the Bureau has worked through this initiative to train more…
SBA: National Small Business Week Announced
Today, the head of the U.S. Small Business Administration, Administrator Linda McMahonannounced that this year’s National Small Business Week will be held from May 5-11, 2019. Administrator McMahon will start the week in Washington, D.C., where she will recognize and award outstanding small business owners and SBA Resource Partners from around the nation. She will continue the…
Federal Reserve: Speech | “CRA: How Can We Preserve What Works and Make it Better?”
Governor Lael Brainard At the 2019 Just Economy Conference, National Community Reinvestment Coalition, Washington, D.C. It is a pleasure to have an opportunity to discuss how we can preserve what is working well with the Community Reinvestment Act (CRA) and make it better.1 In recent months, we have seen a high level of engagement from banks…
HUD: Trump Administration Proposes 2020 HUD Budget
Spending plan preserves rental subsidies; increases homeless assistance and healthy housing The Trump Administration today announced its proposed Fiscal Year 2020 Budget for the U.S. Department of Housing and Urban Development (HUD), a $44.1 billion spending plan that expands resources to prevent/end homelessness; invests record funding to reduce lead and other home health and safety…