FEMA: President Trump Approves Major Disaster Declaration for Louisiana
FEMA announced today that federal disaster assistance has been made available to the state of Louisiana to supplement state and local recovery efforts in the areas affected by flooding from May 10 through July 24, 2019. FEMA’s Public Assistance funding is available to the state and eligible local governments and certain private nonprofit organizations on…
HUD: Choice Neighborhood Planning Grants Awarded
Communities in Alabama, Nebraska, Georgia and New Jersey awarded planning grants Expanding on its commitment to help local communities redevelop severely distressed HUD assisted housing and revitalize neighborhoods, the U.S. Department of Housing and Urban Development (HUD) today awarded more than $5 million to four communities. Funded through HUD’s Choice Neighborhoods program, these grants will…
EDA: $4.2 Million Invested to Help Fortify the West Calcasieu Port Facility in Sulphur, LA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $4.2 million grant to West Calcasieu Port in Sulphur, Louisiana, to make the facility and regional economy more resilient to natural disasters. The grant, to be matched with $1.1 million in local investment, is expected to help…
EDA: Investment Made to Support Manufacturing Growth in Greensburg, KY Opportunity Zone
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $640,000 grant to the city of Greensburg, Kentucky, to support the growth of manufacturing businesses by improving the Greensburg/Green County Industrial Park. The project, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $812,000 in local funds…
CDFI Fund: U.S. Treasury Announces FY 2019 CDFI Program and NACA Program Technical Assistance Awards
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 73 organizations more than $9.16 million in awards today. The fiscal year (FY) 2019 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) Technical Assistance Awards will allow certified Community Development Financial Institutions (CDFIs) and…
HUD and Census Bureau: Residential Construction Activity Report for August 2019
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for August 2019. Building Permits Privately owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,419,000. This is 7.7 percent (±1.2 percent) above the revised…
FHFA: End of Mortgage Servicing Rights Financial Pilot Program Announced
The Federal Housing Finance Agency (FHFA) today announced the end of the Mortgage Servicing Rights (MSR) financing pilot program for Fannie Mae and Freddie Mac (the Enterprises). The MSR pilot began in 2018 to provide financing to non-bank servicers as they continue to account for a growing percentage of the Enterprises’ overall servicing portfolio. While…
EDA: $150,000 Invested to Advance Broadband Disaster Resiliency Efforts in Jasper, TX
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,000 grant to the Deep East Texas Council of Governments, Jasper, Texas, to help complete an engineering plan needed to prepare for the development of rural broadband infrastructure critical. The EDA grant will be matched with $150,000 in local investment. “The Trump…
EDA: Investment Made to Support Entrepreneurial Growth in Russell, PA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $860,000 grant to the Pennsylvania Wilds Center for Entrepreneurship Inc., Russell, Pennsylvania, to assist in the creation of the Pennsylvania Wilds Maker Marketplace and virtual retail platform. The grant, to be matched with $277,500 in local investment, is expected to create 75…
EDA: Investment Made to Support Workforce Development at Midwest Energy Research Consortium in Milwaukee, WI
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding $835,592 to the Midwest Energy Research Consortium (M-WERC) of Milwaukee, Wisconsin, to support the expansion of workforce development training services offered by the organization. The grant, to be matched with $835,592 in local investment, is expected to create 250 jobs. “President Trump is…