HUD: $2.8 Billion Announced to Help People Experiencing Homelessness
Funding opportunity reflects Biden-Harris Administration’s commitment to equity and evidence-based solutions to homelessness Funding opportunity will also support local engagement to increase affordable housing supply The U.S. Department of Housing and Urban Development (HUD) today announced that it will provide $2.8 billion in competitive funding to homeless services organizations across the country for supportive services…
FEMA: President Biden Approves Major Disaster Declaration for Kentucky
FEMA announced that federal disaster assistance has been made available to the Commonwealth of Kentucky to supplement state, tribal and local recovery efforts in the areas affected by severe storms, flooding, landslides and mudslides, beginning July 26, 2022, and continuing. Federal funding is available to state, tribal and eligible local governments and certain private nonprofit…
HUD: Draft Housing Assistance Payment Support Services Procurement Solicitation Published for Public Feedback
Draft solicitation contains proposal for future formal solicitation for Housing Assistance Payments (HAP) Contract support services supporting HUD Multifamily Assisted Housing Portfolio The U.S. Department of Housing and Urban Development (HUD) today published a draft solicitation containing its proposal to formally procure contractors to provide Housing Assistance Payments (HAP) contract support services to HUD and service approximately…
FDIC: Fact Sheet Issued to the Public on FDIC Deposit Insurance and Crypto Companies
The Federal Deposit Insurance Corporation (FDIC) today published the Fact Sheet: What the Public Needs to Know About FDIC Deposit Insurance and Crypto Companies Recently, some crypto companies have misrepresented to consumers that crypto products are eligible for FDIC deposit insurance coverage or that customers are FDIC–insured if the crypto company fails. These sorts of statements…
CFPB: Justice Department and CFPB Caution Auto Finance Companies about Servicemember Protections
Joint Letter Reminds Auto Finance Companies of Key Federal Protections The Department of Justice and the Consumer Financial Protection Bureau (CFPB) issued a joint letter today reminding auto finance companies of their responsibilities to recognize important legal protections for military families under the Servicemembers Civil Relief Act (SCRA). While servicemembers have the same rights as…
SBA: Two Federal Advisory Committees Announced to Accelerate American Innovation and Access to Capital to Small Businesses and Startups
Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33 million small businesses and startups in President Biden’s Cabinet, announced the establishment of two new federal advisory committees, the Invention, Innovation, and Entrepreneurship Advisory Committee (IIEAC) and the Investment Capital Advisory Committee (ICAC), to accelerate support for startups driving critical innovation across…
Census Bureau: New COVID-19 Economic Brief Released
Data Show Impact of Pandemic on Select Economic Sectors and State and Local Government Tax Revenue The U.S. Census Bureau today released a report on how economic surveys captured the initial shock and resulting impact of the coronavirus pandemic, as well as economic trends since the national emergency was declared. The The Coronavirus Pandemic’s Economic Impact brief…
CDFI Fund: Request for Public Comment Issued Regarding Minority Lending Institution Designation Criteria
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) is soliciting public comment regarding the criteria to designate a certified Community Development Financial Institution (CDFI) as a Minority Lending Institution (MLI). Pursuant to Section 523 of Division N of the Consolidated Appropriations Act, 2021 (Act; Pub. L. 116-260), an MLI is…
ABA: New Multicultural and Financial Inclusion Training Launched
New online courses to help bank employees meet the needs of increasingly diverse customer base and expand access to banking As part of the American Bankers Association’s ongoing commitment to financial inclusion, ABA today launched three new online courses for bank employees designed to enhance multicultural banking services, promote diversity, equity and inclusion, and reduce…
FEMA: President Biden Approves Major Disaster Declaration for Alaska
FEMA announced that federal disaster assistance has been made available to the state of Alaska to supplement state, tribal and local recovery efforts in the areas affected by a landslide on May 7, 2022. Federal funding also is available to state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing basis…