FEMA: 100 Days into Recovery from October Wildfires in California
It has been 100 days since the devastating October wildfires in Northern California and Orange County. As of close of business Jan. 16 FEMA and the State have provided the following to survivors: 4,349 households have been deemed eligible for FEMA individual assistance. FEMA has approved more than $14.3 million in Individuals and Households Program…
HUD: $25 Million Offered to Clean Up Dangerous Lead in Public Housing
Funding to make low-income housing lead safe The U.S. Department of Housing and Urban Development (HUD) is offering $25 million in grants to identify and eliminate lead-based paint hazards in public housing. Read HUD’s Notice of Funding Availability (NOFA). These funds are offered through HUD’s Public and Indian Housing Lead-Based Paint Capital Fund Program. This…
CFPB: Put Your Tax Refund to Work During America Saves Week
Each year during America Saves Week (February 26 to March 3), many people make an extra effort to save money. Started in 2007, America Saves Week is an annual opportunity for people to assess their saving status. The timing couldn’t be better—America Saves Week 2018 takes place during tax season, when 75 percent of tax…
CFPB: Acting Director Mulvaney Announces Call for Evidence Regarding CFPB Functions
The Consumer Financial Protection Bureau today announced that it is issuing a call for evidence to ensure the Bureau is fulfilling its proper and appropriate functions to best protect consumers. In coming weeks, the Bureau will be publishing in the Federal Register a series of Requests for Information (RFIs) seeking comment on enforcement, supervision, rulemaking,…
FEMA: Hamilton County, Florida Now Eligible for FEMA Assistance
ORLANDO, Fla. – Homeowners, renters and business owners in Hamilton County may now apply for federal disaster assistance for uninsured and underinsured damage and losses resulting from Hurricane Irma. To be eligible for federal aid under FEMA’s Individual Assistance Program, storm damage and losses from the hurricane and flooding must have occurred as a result…
CDFI Fund: FY 2018 Round CDFI Bond Guarantee Application Deadline Extended to February 16, 2018
On November 2, 2017, the Community Development Financial Institutions Fund (CDFI Fund) announced in a Notice of Guarantee Availability (NOGA) for the CDFI Bond Guarantee Program that the deadline for submitting a fiscal year (FY) 2018 Guarantee Application was 11:59 p.m. Eastern Standard Time (EST) on January 23, 2018. In anticipation of the publication of…
CDFI Fund: Upcoming FY 2018 CDFI Program and NACA Program Application Workshops
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is tentatively planning to release the Notice of Funds Availability (NOFA) and applications for the FY 2018 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) in early February 2018. These programs provide awards to build…
Federal Reserve: From Income to Consumption Inequality? Looking through the Lens of Motor Vehicle Purchases
Wendy Dunn and Maria D. Tito1 Rising income inequality in the United States over the past several decades has been well documented in the economics literature.2 Recent studies have also looked at the dispersion in consumption, since it more accurately captures disparities in economic well-being. Here, however, the findings are mixed–while some authors find the…
SBA: New Report Helps Explain Differences in Latino Business Ownership and Income
A new report prepared for the Office of Advocacy by Professor Robert Fairlie, “Latino Business Ownership: Contributions and Barriers for U.S. Born and Immigrant Latino Entrepreneurs,” evaluates the differences in Latino self-employment rates and business income, comparing immigrant and U.S.-born Latino men and women with non-minorities. Roughly 600,000 business owners are U.S.-born Latinos, with an…
FEMA: Draft National Mitigation Investment Strategy Released for Public Comment
Hazard Mitigation Report Shows Benefits of Mitigation Strategies Following a report released today by the National Institute of Building Sciences that found, on average, every $1 spent on federally funded hazard mitigation grants saves $6 in future disaster costs, FEMA released the draft National Mitigation Investment Strategy for public comment. The draft National Mitigation Investment…