FHFA: FHLBank and CDFI Symposium Scheduled for June 20th in Washington, DC
The Federal Housing Finance Agency (FHFA) today announced that it will host a Federal Home Loan Bank (FHLBank) and Community Development Financial Institution (CDFI) Symposium in Washington, D.C., on Thursday, June 20, 2024. “CDFIs have a relationship-focused approach that enables them to reach individuals who have limited housing options, in a safe and sound manner,”…
FHFA: New Product Notice Published for Freddie Mac Second Mortgage Proposal
Today, the Federal Housing Finance Agency (FHFA) sent to the Federal Register a notice of a proposed new product from Freddie Mac to begin purchasing certain single-family closed-end second mortgages. “The proposed activity is intended to provide homeowners with a cost-effective alternative for accessing the equity in their homes,” said FHFA Director Sandra L. Thompson….
CFPB: Supervision Designation Procedures for Nonbanks Updated
Procedural rule streamlines process for designating nonbanks for supervision The Consumer Financial Protection Bureau (CFPB) issued a procedural rule to update how the agency designates a nonbank for supervision. The updates will streamline the designation proceedings for both the CFPB and nonbanks. The CFPB examines financial institutions, including many nonbanks, for compliance with federal consumer financial protection…
CDFI Fund: $18 Million Awarded to Support Consumer Access to Financial Institutions Through the CDFI Small Dollar Loan Program Awards
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded $18 million in grants to Certified Community Development Financial Institutions (CDFIs) through the combined fiscal year (FY) 2023 and (FY) 2024 round of the Small Dollar Loan Program (SDL Program). “These important awards enable more Certified CDFIs to offer alternatives…
FEMA: President Biden Approves Major Disaster Declaration for Oregon
FEMA announced that federal disaster assistance has been made available to the state of Oregon to supplement recovery efforts in the areas affected by the severe storms, straight-line winds, landslides and mudslides from Jan. 10-22, 2024. Public assistance federal funding is available to the state, tribal and eligible local governments and certain private nonprofit organizations on…
FEMA: President Biden Approves Major Disaster Declaration for California
FEMA announced that federal disaster assistance has been made available to the state of California to supplement recovery efforts in the areas affected by the severe winter storms, tornadoes, flooding, landslides and mudslides from January 31 to February 9, 2024. Public Assistance federal funding is available to the state, tribal and eligible local governments and certain…
FEMA: $300 Million in Direct Funding Announced for Communities Receiving Migrants and $340 Million for a New Competitive Awards Process
Today, the Department of Homeland Security (DHS), through FEMA and the U.S. Customs and Border Protection (CBP), announced $300 million in grants through the Shelter and Services Program (SSP), which was authorized by Congress to support communities that are providing services to migrants. Two hundred seventy-five million dollars will be distributed in the first allocation, and the…
Census Bureau: 2023 Population Estimates by Age and Sex Released
The U.S. Census Bureau today released a downloadable file containing estimates of the nation’s resident population by sex and single year of age as of July 1, 2023, which is available at www.census.gov/programs-surveys/popest.html. In the coming months, the Census Bureau will release additional population estimates for cities and towns, as well as population estimates by age, sex, race…
SBA: Digital Hub Launches to Connect Small Businesses with Major Funding Under the Investing in America Agenda
Hub Details Billions of Dollars in Grants, Contracts, and Market Opportunities Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced the launch of the SBA’s new Investing in America Small Business Hub, the first and only digital portal of its…
SBA: New Small Business Applications Soar to Over 17 Million since 2021
Small Business Boom Continues Amid Record Job Creation, Cooling Inflation Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, released a statement in response to new data showing that an unprecedented 17 million new business applications have been filed under the Biden-Harris…