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Yellowhammer Times

Tuesday, January 21, 2025

Local Government News

Local Government

2023: Alabama ranks 3rd nationwide for total received in EDA grants, at $20,063,445

In 2023, Alabama received $20,063,445 in EDA grants for economic development projects, ranking third nationwide, according to the US Economic Development Administration (EDA).

By Yellowhammer Times | Jan 9, 2025

Local Government

Alabama receives 2 EDA grants totaling $259,618 for technical assistance in 2023

Alabama received two grants totaling $259,618 for technical assistance in 2023 from the US Economic Development Administration.

By Yellowhammer Times | Dec 30, 2024

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Local Government

Alabama receives 4 EDA grants totaling $11,339,389 for regional innovation strategies in 2023

By Yellowhammer Times | Dec 29, 2024

Alabama received four grants totaling $11,339,389 for regional innovation strategies in 2023 from the US Economic Development Administration.

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Local Government

Alabama receives 6 EDA grants totaling $1,260,000 for public works in 2023

By Yellowhammer Times | Dec 28, 2024

Alabama received six grants totaling $1,260,000 for public works in 2023 from the US Economic Development Administration.

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Local Government

Alabama receives 1 EDA grant totaling $748,469 for economic adjustment assistance in 2023

By Yellowhammer Times | Dec 27, 2024

Alabama received one grant totaling $748,469 for economic adjustment assistance in 2023 from the US Economic Development Administration.

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Local Government

Alabama receives 4 EDA grants totaling $6,455,969 for planning in 2023

By Yellowhammer Times | Dec 26, 2024

Alabama received four grants totaling $6,455,969 for planning in 2023 from the US Economic Development Administration.

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Local Government

Inflation in Alabama outpaces national average as of October 2024

By Yellowhammer Times | Nov 21, 2024

As of October 2024, Alabama experienced a 22.1% increase in prices of goods and services since January 2021, compared to the nationwide trend of a 20.7% increase.

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Local Government

EDA funds 17 projects to support economic development in Alabama during 2023

By Yellowhammer Times | Nov 21, 2024

Alabama ranked 13th in the US after receiving 17 EDA grants to fund economic development projects in 2023.

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Local Government

VA provides 28.9% more home purchase loans in Alabama in Q3

By Yellowhammer Times | Nov 15, 2024

There were 2,153 VA home purchases in Alabama in the third quarter of the VA's fiscal year 2024, totaling $691.2 million in loans, according to figures provided by the Veterans Affairs Home Loans Index.

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Local Government

Number of VA loans issued in Alabama increased by 205.6% from Q3 2023 to Q3 2024

By Yellowhammer Times | Nov 12, 2024

The U.S. Department of Veterans Affairs (VA) issued 2,952 home loans in Alabama, totaling $929.5 million, during the third quarter of the fiscal year 2024, according to figures provided by the Veterans Affairs Home Loans Index.

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Local Government

VA issues fewer Interest Rate Reduction Refinance Loans in Alabama in Q3 vs. Q2 2024

By Yellowhammer Times | Nov 9, 2024

The VA issued 260 Interest Rate Reduction Refinance Loans in Alabama during the third quarter of fiscal year 2024, compared to 392 loans the previous quarter, according to figures provided by the Veterans Affairs Home Loans Index.

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Local Government

Average VA home loan amount in Alabama increases from 2022 to 2023

By Yellowhammer Times | Nov 8, 2024

The average VA loan amount for Alabama in the fiscal year 2023 was $300,809, according to the Veterans Affairs Home Loans Index.

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Local Government

Average VA Purchase Loan amount in Alabama increases from Q2 to Q3

By Yellowhammer Times | Nov 6, 2024

The average VA Purchase Loan amount for Alabama in the third quarter of fiscal year 2024 was $321,059, according to the Veterans Affairs Home Loans Index.

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Local Government

Average VA home loan amount in Alabama increases in Q3

By Yellowhammer Times | Nov 3, 2024

The average VA home loan amount in Alabama during the third quarter of the fiscal year 2024 was $314,864, a 3.8% increase over the previous quarter, according to the Veterans Affairs Home Loans Index.

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Local Government

Average VA IRRRL loan amount in Alabama increases from Q2 to Q3

By Yellowhammer Times | Oct 31, 2024

The average VA Interest Rate Reduction Refinance Loan (IRRRL) amount in Alabama during the third quarter of fiscal year 2024 was $321,206, according to figures provided by the Veterans Affairs Home Loans Index.

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Local Government

VA provides 2,153 home purchase loans in Alabama in Q3

By Yellowhammer Times | Oct 28, 2024

There were 2,153 VA home purchase loans issued in Alabama in the third quarter of the fiscal year 2024 totaling $691.2 million, according to figures provided by the Veterans Affairs Home Loans Index.

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Local Government

Alabama ranks 13th in total VA home loans during Q3

By Yellowhammer Times | Oct 25, 2024

Alabama ranked 13th in the nation in VA home loans in the third quarter of 2024, with 2,952 loans issued, according to the Veterans' Affairs Home Loans Index.

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Local Government

Alabama ranked 37th in average VA home loan amount in Q3

By Yellowhammer Times | Oct 22, 2024

With $314,864 in home loans issued, Alabama ranked 37th in average loan amount for VA home loans in the third quarter of fiscal year 2024, according to the Veterans' Affairs Home Loans Index.

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Local Government

VA provides 2,952 home loans in Alabama totaling $929.5 million in Q3

By Yellowhammer Times | Oct 19, 2024

The U.S. Department of Veterans' Affairs (VA) issued 2,952 home loans totaling $929.5 million in Alabama during the third quarter of the fiscal year 2024, according to the Veterans' Affairs Home Loans Index.

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Local Government

Alabama experiences higher inflation rate than national average as of September 2024

By Yellowhammer Times | Oct 16, 2024

As of September 2024, Alabama experienced a 21.8% increase in prices of goods and services since January 2021, compared to the nationwide trend of a 20.5% increase.