FHFA: COVID-19 Multifamily Forbearance Extended through September 30, 2021
Multifamily property owners entering into new or modified forbearance plans must offer tenant protections Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will continue to offer COVID-19 forbearance to qualifying multifamily property owners through September 30, 2021, subject to the continued tenant protections FHFA has imposed during…
EDA: $8 Million in CARES Act Recovery Assistance Invested to Support Business Development and Job Creation Efforts in Texas
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $8 million in CARES Act Recovery Assistance grants to help the state of Texas prevent, prepare for, and respond to coronavirus. “The Biden Administration is dedicated to creating new opportunities to put Americans back to work as…
EDA: $4 Million in CARES Act Recovery Assistance Invested to Build Operations Center at the Choctaw Nation Emerging Aviation Technology Center in Durant, OK
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4 million CARES Act Recovery Assistance grant to the Choctaw Nation of Oklahoma, Durant, Oklahoma, to build an operations center at the Choctaw Nation Emerging Aviation Technology Center. “President Biden is committed to supporting Tribal communities…
EDA: $3.1 Million in CARES Act Recovery Assistance Invested to Enhance Healthcare Workforce Training in Sellersburg, IN
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.1 million CARES Act Recovery Assistance grant to Ivy Tech Community College, Indianapolis, Indiana, to support renovations needed to enhance its healthcare workforce training programs. This EDA grant, to be matched with $771,130 in local funds,…
EDA: $1.1 Million in CARES Act Recovery Assistance Invested to Support Remote Workforce Training Efforts in Utah
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million CARES Act Recovery Assistance grant to Utah State University, Logan, Utah, to develop their Remote Online Initiative (ROI), which will provide training to position businesses for economic recovery and prepare workers for success in…
EDA: $1 Million in CARES Act Recovery Assistance Invested to Boost Tourism and Hospitality-Related Industries in Illinois
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million CARES Act Recovery Assistance grant to the Illinois Council of Convention & Visitor Bureaus, Bloomington, Illinois, to create marketing campaigns promoting tourism across the state. This EDA grant will be matched with $250,000 in…
ABA: Bank Economists See Robust Economic Recovery Leading to Full Employment Next Year
The U.S. economy is recovering rapidly and is expected to yield inflation-adjusted growth of 7.2% over the four quarters of this year before easing to a still-robust 3.1% in 2022, according to the latest forecast of the American Bankers Association’s Economic Advisory Committee. “Since the committee met in January, further federal stimulus and a tremendously…
Census Bureau: Household Pulse Survey Phase 3.1 Biweekly Data Released
The U.S. Census Bureau today released new data from phase 3.1 of the experimental Household Pulse Survey. Phase 3.1 includes substantial revisions to the questionnaire. Additional questions address the following new topics: disability, child health access, telehealth and child care. Also included are demographic questions to identify service members and military spouses, and questions to classify respondents employed…
Federal Reserve: Winding Down of the Portfolio of the Secondary Market Corporate Credit Facility Announced
The Federal Reserve Board on Wednesday announced plans to begin winding down the portfolio of the Secondary Market Corporate Credit Facility (SMCCF), a temporary emergency lending facility that closed on December 31st, 2020. The SMCCF proved vital in restoring market functioning last year, supporting the availability of credit for large employers, and bolstering employment through…
SBA: Statement on the Closure of the Paycheck Protection Program
PPP has provided nearly $800 billion to small businesses and nonprofits across the nation, fueling the economy by supporting over 8.5 million small businesses and nonprofits Today, U.S. Small Business Administrator Isabella Casillas Guzman issued the following statement on the closure of the Paycheck Protection Program (PPP) to new loan guaranty applications, which has provided over $798 billion…