EDA: $574,588 Invested to Support Entrepreneurship Training in Ogden, UT
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $574,588 grant to Weber State University in Ogden, Utah, to expand entrepreneurial support to three Utah regions. This grant will establish the Wildcat Micro Fund and provide business resources and training to support entrepreneurs in underserved and rural areas of Utah. This…
SBA: SBA Loan Programs Open to New Green Lenders to Help Small Businesses Meet Climate Goals
Initiative will Advance Clean Energy Transition Across the Nation 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 a new Green Lender Initiative to enroll additional climate lenders in SBA’s loan programs. The initiative will employ SBA loan guarantees…
HUD: Housing Counselor Certification Exam Now Offered in Additional Languages
At UnidosUS national conference, HUD announced that the updated exam is now available in Spanish, Traditional Chinese, Korean, and Vietnamese. The U.S. Department of Housing and Urban Development (HUD) announced today the availability of a newly updated certification exam for housing counselors. In addition to content updates, the exam and associated training materials are now…
HUD: New $175 Million Opportunity Launched to Build Housing
Funding will build new homes for people experiencing homelessness. Today, the U.S. Department of Housing and Urban Development (HUD) made $175 million available through first-of-its-kind funding for new construction, acquisition, or rehabilitation of permanent supportive housing. Through one-time awards under the Continuum of Care (CoC) program, the CoCBuilds Notice of Funding Opportunity (NOFO) will enable communities…
FEMA: President Biden Approves Major Disaster Declaration for Montana
FEMA announced that federal disaster assistance is available to the state of Montana to supplement recovery efforts in areas affected by the severe winter storm and flooding from May 6-9, 2024. Public Assistance federal funding is available to the state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency…
SBA: New Grant Funding Announced for Native American-Owned Small Businesses
Native American Trade Expansion Program to Provide Up to $240,000 in Grants 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 a funding opportunity for Native American-owned small businesses under its new pilot Native American Trade Expansion Program…
HUD: New Appointments Announced for the Manufactured Housing Consensus Committee
Twenty-one person committee advises HUD on manufactured housing standards of the Manufactured Housing Construction and Safety Standards. The U.S. Department of Housing and Urban Development (HUD) announced today the appointment of five new members to serve on the Manufactured Housing Consensus Committee (MHCC), a Federal Advisory Committee. These appointments maintain the MHCC at 21 members…
Agencies Finalize Interagency Guidance on Reconsiderations of Value for Residential Real Estate Valuations
Five federal regulatory agencies today issued final guidance addressing reconsiderations of value (ROVs) for residential real estate transactions. The guidance advises on policies and procedures that financial institutions may implement to allow consumers to provide financial institutions with information that may not have been considered during an appraisal or if deficiencies are identified in the…
CPFB: Interpretive Rule Proposed to Ensure Workers Know the Costs and Fees of Paycheck Advance Products
Proposed rule also addresses unusual practice of workers “tipping” their lender or employer The Consumer Financial Protection Bureau (CFPB) today proposed an interpretive rule explaining that many paycheck advance products, sometimes marketed as “earned wage” products, are consumer loans subject to the Truth in Lending Act. The guidance will ensure that lenders understand their legal obligations to…
HUD: Summit Convenes to Address Rising Property Insurance Costs
Biden-Harris Administration assembles industry executives, government leaders, nonprofits, and academics to address rising insurance premiums and receding coverage. Today, the U.S. Department of Housing and Urban Development convened a critical summit to address sharp increases in property insurance costs and lack of available coverage impacting people across the country. “It’s become abundantly clear that the…