HUD: $382 Million Allocated to Help States Produce Affordable Housing
Housing Trust Fund Allocations will increase and preserve the supply of decent, safe, and sanitary affordable housing for extremely low- and very low-income households Today, the U.S. Department of Housing and Urban Development (HUD) allocated $382 million through the nation’s Housing Trust Fund (see list of state allocations below). The Housing Trust Fund (HTF) is an affordable housing…
EDA: $3.6 Million Invested for Infrastructure Improvements to Support Business Growth in Georgetown County, SC
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3.6 million grant to Georgetown County, South Carolina, for infrastructure improvements to support business growth and job creation. This project will provide site upgrades at Georgetown County Airport necessary for the development of two commercial hangars, including updated…
EDA: $4.3 Million Invested to Boost Business Growth and Workforce Development in Arkansas
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $4.3 million in the state of Arkansas to make critical infrastructure improvements needed to support business growth and workforce development. The EDA investments announced today are: Pulaski County will receive a $3 million EDA grant to extend rail service…
EDA: $500,000 Invested to Promote Economic Recovery and Resiliency Following Natural Disasters in Dallas County, AL
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 grant to the Alabama-Tombigbee Regional Commission, Camden, Alabama, to promote economic recovery and resiliency in Dallas County, Alabama, following a series of natural disasters. This project will develop disaster guidance and a long-term planning strategy that will incorporate federal, state, and…
CFPB: Rule Issued to Facilitate the Orderly Wind Down of LIBOR
Today, the Consumer Financial Protection Bureau (CFPB) issued an interim final rule amending the agency’s 2021 LIBOR transition rule. The interim final rule contains updates to reflect the subsequent enactment of the Adjustable Interest Rate (LIBOR) Act and issuance of an implementing regulation by the Board of Governors of the Federal Reserve Board System. This…
CDFI Fund: Updated FAQ Posted for BEA Program Applicants
The Community Development Financial Institutions Fund (CDFI Fund) has posted on its website a revised Supplemental Guidance and Frequently Asked Questions (FAQs) document and Application Guidance document related to the fiscal year (FY) 2023 Bank Enterprise Award Program (BEA Program) Application round. Revised information is highlighted in green in these documents. The updates to these…
HUD: $15 Million Awarded to Help Low-Income Seniors Age in Place
Grants will fund health and safety repairs in homes of low-income elderly homeowners The U.S. Department of Housing and Urban Development (HUD) today awarded almost $15 million to 13 nonprofit organizations, in addition to a state government to assist in undertaking comprehensive programs that make safety and functional home modifications and limited repairs to meet…
EDA: $4 Million Invested to Support Climate-Ready Future on Fort Mojave Reservation
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $4 million grant to the Fort Mojave Aha Macav Power Service, Mojave, Arizona, to develop a new source of clean and renewable energy for the Fort Mojave Reservation through the construction of a 2.3 megawatt solar power system….
Interagency Statement on Completing the LIBOR Transition Issued
Sunset of LIBOR as reference rate for many financial products may pose risks to borrowers Today, the Consumer Financial Protection Bureau (CFPB) joined four other federal financial regulatory agencies, along with state bank and state credit union regulators, in issuing a statement that the use of United States Dollar LIBOR (USD LIBOR) panels will end…
HUD: $5 Million Announced to Help End Youth and Family Homelessness
The U.S. Department of Housing and Urban Development (HUD) announced that it will make available $5 million for new Family Unification Program (FUP) voucher assistance for youth and families who lack safe and adequate housing. This funding opportunity will help strengthen coordination among public housing authorities (PHAs), public child welfare agencies (PCWAs), and Continuums of…