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…
SBA: $2.7 Million in Grants Awarded to 14 Women’s Business Centers
Funding Aims to Help Improve Innovative Projects Aiding Women-owned Businesses Impacted by COVID-19 The U.S. Small Business Administration issued 14 grant awards of up to $200,000 each to organizations in 13 states as part of the Women’s Business Centers (WBC) Resiliency and Recovery Demonstration Grant under the SBA’s Office of Women’s Business Ownership (OWBO). The purpose of the grants is…
FDIC: New FDITECH Sprint Launched to Measure and Test Bank Operational Resiliency
The Federal Deposit Insurance Corporation (FDIC) today announced a new tech sprint designed to determine how well community banks, and the banking sector as a whole, can withstand a major disruption of any type. This tech sprint is intended to be the first of several focused on how to foster stronger resiliency in banking. Read…
HUD and FHFA Collaboration to Advance Fair Housing and Fair Lending Enforcement Announced
Today, the U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) (collectively, the Agencies) entered into a first-of-its-kind collaborative agreement regarding fair housing and fair lending coordination. Under the Memorandum of Understanding (MOU), the two Agencies will focus on enhancing their enforcement of the Fair Housing Act, which HUD…
FDIC: FDITECH Selects Eight Teams in Tech Sprint to Reach the Unbanked
The Federal Deposit Insurance Corporation (FDIC) today announced the selection of eight teams to participate in a ‘tech sprint’ designed to explore new technologies and techniques to help banks meet the needs of unbanked consumers. The FDIC’s tech lab, FDITECH, launched Breaking Down Barriers: Reaching the Last Mile of the Unbanked on July 6, 2021. This first-of-its-kind…
EDA: U.S. Department of Commerce Launches STEM Talent Challenge to Fuel Nation’s Growing Innovation
Today, U.S. Secretary of Commerce Gina M. Raimondo announced the launch of the Economic Development Administration’s (EDA) STEM Talent Challenge to support programs to train science, technology, engineering, and math (STEM) talent and fuel regional innovation economies across the nation. The $2 million STEM Talent Challenge will provide funding for work-and-learn programs to increase America’s STEM-capable workforce…
EDA: $5.1 Million in CARES Act Recovery Assistance Invested to Improve Marine Cargo Infrastructure in Hoonah, AK
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $5.1 million CARES Act Recovery Assistance grant to the city of Hoonah, Alaska, to make critical infrastructure improvements to the Hoonah Marine Industrial Center Cargo Dock. This EDA grant is expected to create or retain nearly…