Industry News

HUD: Website Launched to Combat Source of Income Discrimination for Families Using Housing Vouchers

HUD’s new website serves as a “one-stop shop” for HUD stakeholders, offers tools to reduce Source of Income discrimination. Today, Principal Deputy Assistant Secretary for Public and Indian Housing, Richard J. Monocchio, announced the launch of HUD’s new website detailing protections against Source of Income (SOI) discrimination for families with Housing Choice Vouchers (HCVs). SOI…

HUD: Historic HUD Climate Declaration Signed at the United Nations Buildings and Climate Forum

HUD shares U.S. progress and brings home key insights on building climate-resilient housing Last week, during the United Nations Buildings and Climate Forum in Paris, France, representatives from the U.S. Department of Housing and Urban Development (HUD) shared information on its efforts to decarbonize and increase resiliency within its programs and housing portfolio, highlighted the Biden-Harris Administration’s…

SBA: Registration Open for National Small Business Week Virtual Summit

Attendees Can Participate in Educational Workshops, Network, and Learn about Federal Resources to Help Them Succeed Today, the U.S. Small Business Administration (SBA) and SCORE, mentors to America’s small businesses and a resource partner of the SBA, announced that registration for the 2024 National Small Business Week Virtual Summit is now open. The two-day online event will take place…

SBA: 2024 National Small Business Week Award Winners Announced

Awardees from All 50 States, DC, Guam, and Puerto Rico to be Honored April 28-29 in Washington, D.C. Today, SBA Administrator Isabel Casillas Guzman, the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced the National Small Business Week (NSBW) 2024 Award Winners, comprised of business owners, lending partners, and advocates who embody the grit…

SBA: Enhanced Lender Match Platform Launched

Stakeholders Applaud Improved Online Tool That Will Simplify Access to Capital for Small Businesses Today, Administrator Isabel Casillas Guzman announced the next generation of the SBA’s Lender Match tool for small businesses to connect to capital through SBA’s network of approved banks and private lenders. The enhanced Lender Match will provide Americans seeking funding to start and grow their businesses…

FHFA: Key Updates Announced for Implementation of Enterprise Credit Score Requirements

Use of “bi-merge” credit reporting to occur simultaneously with implementation of new credit score model requirements The Federal Housing Finance Agency (FHFA) today announced updates to the implementation of new credit score requirements for single-family loans acquired by Fannie Mae and Freddie Mac (the Enterprises). Following extensive stakeholder engagement and input, FHFA is aligning the…

Agencies Host 2024 National Interagency Community Reinvestment Conference

The federal bank regulatory agencies and the Federal Reserve Banks of San Francisco and Chicago will host the 2024 National Interagency Community Reinvestment Conference in Portland, Oregon, March 4 to 7. The biennial conference offers participants the opportunity to learn about the Community Reinvestment Act (CRA) and to discuss best practices, innovations, and emerging challenges…

HUD: Treasury & HUD Extend Initiatives to Finance the Construction and Rehabilitation of Affordable Rental Homes for Low-Income Families

Extension of risk-sharing initiative will create or rehabilitate more than 38,000 new rental homes over the next 10 years for low-income families, seniors, and persons with disabilities. Today, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury (Treasury) announced that they will indefinitely extend the Section 542(c) Housing Finance…

HUD: CDC, EPA & HUD Announce Interagency Commitments to More Robust Collaboration on Addressing Risks of Exposures to Lead

Agreements Solidify Agencies’ Dedication to a Whole of Government Approach to Preventing Lead Poisoning The U.S. Department of Housing and Urban Development (HUD), the Environmental Protection Agency (EPA), and the Department of Health and Human Services (HHS) today announced two complementary agreements to further their “whole of government” approach to strengthen these agencies’ shared work…

SBA: Statutory Increases Announced for Surety Bond Guarantee Program

Change Will Give Small Businesses Access to Projects up to $9 Million and Federal Contracts up to $14 Million 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 that for the first time since 2013, the SBA is increasing the…