FEMA: First States to Receive Lost Wages Grants Announced
On August 8, 2020, President Trump made available up to $44 billion from FEMA’s Disaster Relief Fund to provide financial assistance to Americans who have lost wages due to the COVID-19 pandemic. The states of Arizona, Iowa, Louisiana, and New Mexico are the first states to agree to administer a lost wages program for its…
EDA: Over $83 Million in CARES Act Funding Invested to Support Recovery from Coronavirus Pandemic
The U.S. Department of Commerce’s Economic Development (EDA) administration has awarded over $10 Million in CARES Act Funding to support economic development and economic recovery in response to the coronavirus pandemic. Investments include: August 14, 2020 – U.S. Department of Commerce Invests $4 Million in CARES Act Funding to Boost Economic Development Programs Critical to Helping…
HUD: New Uses for Communities’ Coronavirus Relief Funds Approved
New flexibilities allow communities to effectively use over 3 billion in HUD relief funds U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced new flexibilities states and local government can use in order to best utilize Community Development Block Grant (CDBG-CV) funds appropriated by the CARES Act, as well as other…
ABA: New Report Shows Closed-End Loan Delinquencies Rise in First Quarter at Onset of COVID-19
Credit card and HELOC loan delinquencies fall during first three months of 2020 Consumer credit delinquencies rose in the first quarter of 2020 as the onset of the COVID-19 pandemic triggered an abrupt economic slowdown, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. Overall, delinquencies rose in all of the 11…
HUD: $472 Million Awarded to Public Housing Authorities to Help Keep Residents Housed
CARES Act Funding provides additional funding to public housing authorities The U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced $472 million in CARES Act funding to help low income families during the coronavirus pandemic. This funding can be used by Public Housing Authorities to help families assisted by Housing Choice…
EDA: Over $116 Million in CARES Act Funding Invested to Support Recovery from Coronavirus Pandemic
The U.S. Department of Commerce’s Economic Development (EDA) administration has awarded over $10 Million in CARES Act Funding to support economic development and economic recovery in response to the coronavirus pandemic. Investments include: August 8, 2020 – U.S. Department of Commerce Invests $1.65 Million in CARES Act Funding to Boost Economic Development Programs Critical to Helping…
Census Bureau: Second Phase of Small Business Survey Announced
The U.S. Census Bureau today announced the start of a second phase of the experimental Small Business Pulse Survey. Data collection will begin August 9, 2020. Results will be released weekly starting August 20 through Oct 15, 2020. The second phase includes questions on the core concepts from the first phase of the survey, as well…
Census Bureau: Second Phase of Household Pulse Survey Begins
The U.S. Census Bureau has targeted mid-August to resume data collection for the experimental Household Pulse Survey. The Household Pulse Survey was temporarily suspended to allow the Census Bureau to prepare for a second phase of data collection. As part of the second phase, the agency has reviewed the questionnaire to ensure that the information collected continue to be…
HUD: Physical Real Estate Assessment Center Inspections will Resume
Inspections previously paused during COVID-19 outbreak due to health concerns U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced today the Department will resume Real Estate Assessment Center (REAC) inspections of HUD multifamily and public housing properties and units under strict safety protocols during the national recovery from the COVID-19 pandemic. REAC…
OCC: September 2020 Assessments Reduced in Response to COVID-19
The Office of the Comptroller of the Currency (OCC) is reducing assessments in response to the national health emergency related to COVID-19. Assessments due on September 30, 2020, for all OCC-supervised banks will be calculated using the December 31, 2019, Call Report for each institution, rather than the June 30, 2020, Call Report. This change…