Agencies Issue Guide to Help Community Banks Evaluate FinTech Relationships
The federal bank regulatory agencies today released a guide intended to help community banks assess risks when considering relationships with financial technology (fintech) companies. Community banks are entering into business arrangements with fintech companies to offer enhanced products and services to their customers, increase efficiency, and reduce internal costs. This guide is intended to serve…
HUD: Nearly $95 Million Awarded to Protect Families from Lead and Other Home Health and Safety Hazards
Funding will make low-income families’ homes safer and healthier The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $95 million to 28 state and local government agencies in 19 states to protect children and families from lead-based paint and other home health hazards. HUD is providing these grants through its Lead Based Paint…
SBA: Moratorium Announced on Bona Fide Place of Business Requirements for the 8(a) Business Development Program
The U.S. Small Business Administration today announced a moratorium on the requirement that participants in SBA’s 8(a) Business Development Program must establish a bona fide place of business in a specific geographic area in order to be awarded any construction contract through the 8(a) Program due to the ongoing challenges of COVID-19. The moratorium is effective August 25, 2021,…
EDA: $915,210 in CARES Act Recovery Assistance Invested to Support Travel and Tourism Sectors in Las Vegas, NV
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $915,120 CARES Act Recovery Assistance grant to the Nevada System of Higher Education, Las Vegas, Nevada, to support the post-pandemic revitalization of Nevada’s travel and tourism sectors. This EDA grant, to be matched with $228,780 in local investment, is expected to create…
EDA: $644,045 in CARES Act Recovery Assistance Invested to Support Manufacturing Research and Workforce Development at the University of South Alabama
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $644,045 CARES Act Recovery Assistance grant to the University of South Alabama in Mobile, to renovate the Laboratory for Additive Manufacturing, creating a cyber research hub and supporting workforce development efforts. This EDA grant will be matched with $161,011 in local investment….
Census Bureau: Data Collection Begun for New Institute of Education Sciences School Pulse Panel Survey
The U.S. Census Bureau recently began collecting data for the new Institute of Education Sciences (IES) School Pulse Panel (SPP) Survey as part of the efforts to measure the impact of the COVID-19 pandemic on public school students and staff. The SPP is a new study sponsored by the National Center for Education Statistics (NCES) in the…
HUD: $2.7 Billion Funding Opportunity Announced to Help People Experiencing Homelessness
The U.S. Department of Housing and Urban Development (HUD) is making $2.656 billion in FY 2021 Continuum of Care Program (CoC) competitive funding available to homeless services organizations across the country for supportive services and housing programs for people experiencing homelessness. Read HUD’s Notice of Funding Opportunity (NOFO). “The safety of a stable home is essential…
SBA: PPP Direct Borrower Forgiveness Portal Surpasses Expectations and Accepts More than 340,000 Submissions in First Two Weeks
SBA portal significantly outpacing top PPP lenders not utilizing the Agency’s direct forgiveness tool in forgiveness submissions Since the opening of the Paycheck Protection Program (PPP) Direct Borrower Forgiveness Portal on August 4, the U.S. Small Business Administration has received more than 340,000 submissions from borrowers with PPP loans of $150,000 or less, highlighting Administrator Isabella Casillas Guzman’s priority of rushing relief to the smallest of small businesses and far exceeding expectations. In providing its new, streamlined portal, the SBA is also executing…
FHFA: 2022-2024 Housing Goals for Fannie Mae and Freddie Mac Published
Stakeholder comments requested for proposed goals which establish benchmarks, promote equitable access to affordable housing Today, the Federal Housing Finance Agency (FHFA) proposed housing goals for Fannie Mae and Freddie Mac (the Enterprises) for 2022 to 2024. The proposed housing goals are designed to ensure the Enterprises responsibly promote equitable access to affordable housing that reaches…
EDA: $2.65 Million Invested to Boost Business Growth and Workforce Development Efforts in West Virginia
U.S. Economic Development Administration Investments Expected to Create or Retain Nearly 1,000 Jobs and Generate $21.3 Million in Private Investment Today, U.S. Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo announced that the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding $2.65 million in grants to support business development and workforce…