FEMA: Lenoir County, NC Added to Hurricane Isaias Disaster Declaration

One more North Carolina county is eligible to apply for federal disaster assistance to supplement state and local Hurricane Isaias recovery efforts. FEMA Public Assistance funding is now available to local governments, state agencies and certain private nonprofits in Lenoir County if they were affected by Hurricane Isaias between July […]

HUD: Proposed Rule Issued for Implementation of National Standards for the Physical Inspection of Real Estate (NSPIRE)

Today the U.S. Department of Housing and Urban Development (HUD) issued a proposed rule for the National Standards for the Physical Inspection of Real Estate (NSPIRE). This new approach incorporates extensive stakeholder input to redesign the methods HUD uses to ensure properties are in a safe, decent, and sanitary condition. […]

HUD: Final Rule Published to Expand Availability of Affordable Manufactured Housing

Key step finalized today updates Manufactured Housing Construction and Safety Standards to eliminate decades-old regulatory barriers while protecting safety The U.S. Department of Housing and Urban Development published a final rule on January 12, 2021 in the Federal Register which revises the federal Manufactured Home Construction and Safety Standards Act of 1974. […]

SBA: 60,000 Paycheck Protection Program Loans Approved in First Week

SBA’s dedicated access to community financial institutions helped underserved small businesses Today, the U.S. Small Business Administration announced that it has approved approximately 60,000 PPP loan applications submitted by nearly 3,000 lenders, for over $5 billion, between the program’s re-opening on Monday, Jan. 11, at 9 a.m. ET through to […]

SBA: Rule Proposed to Eliminate Regulations that Exclude Faith-Based Organizations from Seven SBA Programs

Public Comments Due by February 18, 2021 The U.S. Small Business Administration invites public comment on a proposed rule designed to remove regulatory provisions that exclude certain faith-based organizations from seven business loan and disaster assistance programs.  These programs include the Intermediary Lending Program (ILP), Business Loan programs (7(a), Microloan and 504 […]

SBA: National Science and Technology Council and SBA Partner to Award $330,000 in Prizes in New Lab to Market Competition

The U.S. Small Business Administration partnered with the National Science and Technology Council’s Lab-to-Market subcommittee to award $330,000 in prizes to the winners of the new Lab-to-Market (L2M) Inclusive Innovation Ecosystem Prize Competition.  The L2M prize competition recognizes the most impactful organizations, programs and ideas that support the research and development (R&D) innovation ecosystems, […]

FHFA: Foreclosure and REO Eviction Moratoriums Extended Through February 28, 2021

Foreclosure moratorium applies to Enterprise-backed mortgages; eviction moratorium applies to Enterprise-owned properties Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will extend the moratoriums on single-family foreclosures and real estate owned (REO) evictions until February 28, 2021.  The foreclosure moratorium applies to […]

FHFA: RFI Issued on Climate and Natural Disaster Risk Management at Regulated Entities

The Federal Housing Finance Agency (FHFA) today issued a Request for Input (RFI) on the current and future natural disaster risk to the housing finance system and to Fannie Mae and Freddie Mac (the Enterprises) and the Federal Home Loan Banks (the FHLBanks)—collectively the regulated entities. The information that FHFA […]

FDIC: Rule on the Role of Supervisory Guidance Approved

 The Federal Deposit Insurance Corporation (FDIC) approved a final rule outlining and confirming the agency’s use of supervisory guidance for regulated institutions. The final rule codifies the interagency statement on the role of supervisory guidance, as amended, issued in September 2018 to clarify the differences between regulations and guidance, and […]