Industry News

SBA: Initial Results of Restaurant Revitialization Fund Announced

The SBA receives 186K applications; More than half of applications are from priority underserved business communities Today Administrator Isabella Casillas Guzman announced the initial results of the successful May 3rd launch of the Restaurant Revitalization Fund, showing more than 186,000 applications from restaurants and other food and beverage businesses in all 50 states, the District of Columbia, and…

HUD: New Education Campaign Launched in Observance of Mental Health Awareness Month

The U.S. Department of Housing and Urban Development (HUD) announced today that it is commemorating Mental Health Awareness Month 2021 this May with the launch of a new campaign that will educate the public about the various forms of housing discrimination people with mental health, intellectual or developmental disabilities often face, and what they should…

HUD: More Than $20 Million Made Available to Fight Housing Discrimination

Grants will support fair housing testing, education, enforcement activities The U.S. Department of Housing and Urban Development (HUD) announced that it is making $20,229,156 available to fair housing organizations across the nation working to fight housing discrimination. The funds will support a variety of activities, including fair housing testing, education and outreach, and capacity building,…

CFPB: FTC and CFPB Put Nation’s Largest Landlords on Notice about Tenants Pandemic Protections

Today, Consumer Financial Protection Bureau (CFPB) Acting Director Dave Uejio and Federal Trade Commission (FTC) Acting Chairwoman Rebecca Kelly Slaughter sent notification letters to the nation’s largest apartment landlords, which collectively own more than 2 million units. The letters remind these landlords of federal protections in place to keep tenants in their homes and stop…

ABA: Banks Encouraged to Submit Nominations for Annual ABA Foundation Community Commitment Awards

The ABA Foundation is seeking submissions for its ninth annual Community Commitment Awards. The awards, one of the industry’s highest honors for extraordinary bank commitment to communities, recognizes innovative, high-impact programs that improve the quality of life for customers and communities banks serve. The entry period ends July 1. “Over the last year, America’s banks worked…

HUD: Access to Opportunity for 10,000 Families Increased through New $50 Million Housing Mobility Demonstration

HUD Secretary Marcia L. Fudge on Thursday announced awards to nine lead public housing authorities (PHAs) that will participate in HUD’s new Housing Choice Voucher (HCV) Mobility Demonstration, which will receive $45.7 million in total funding. Through this Demonstration, PHAs will provide over 10,000 families with children better access to low-poverty neighborhoods with high-performing schools…

EDA: $3.8 Million in CARES Act Recovery Assistance Invested to Support Business Expansion Efforts in Salina, KS

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3.8 million CARES Act Recovery Assistance grant to the city of Salina, Kansas, for drainage and road improvements to allow for business expansion. This EDA grant, to be matched with $939,200 in local investment, is expected to…

FDIC: FDiTech to Host Virtual Office Hours on Banking-Related Innovation

The Federal Deposit Insurance Corporation (FDIC) today announced that it will host a series of virtual ‘office hours’ to hear directly from a range of stakeholders regarding current and evolving technological innovations in the business of banking.   Hosted by the FDIC’s tech lab, FDiTech, and FDIC Chief Innovation Officer Sultan Meghji, these hour-long, one-on-one sessions will…

EDA: $8.35 Million in CARES Act Recovery Assistance Invested to Support Transportation Infrastructure Improvements in Tracy, CA

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding an $8.35 million CARES Act Recovery Assistance grant to the city of Tracy, California, to make transportation infrastructure improvements needed to support the growth of business in a local industrial park. This EDA grant, to be matched with…

EDA: $4.7 Million in CARES Act Recovery Assistance Invested to Support Business Growth and Economic Development Resiliency Efforts in Alabama

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding $4.7 million in CARES Act Recovery Assistance grants to help the state of Alabama prevent, prepare for, and respond to the coronavirus. “President Biden is committed to unleashing the full power of the federal government to ensure our…