ABA: Officers, Board Nominated for 2021-2022
The American Bankers Association’s Nominating Committee has selected the official slate of candidates for election at the association’s annual meeting to be held October 17-19 in Tampa, Fla. The committee, chaired by Laurie Stewart, president and CEO, Sound Community Bank, Seattle, nominated these candidates for ABA officer positions: CHAIR: A. Scott Anderson, president and CEO,…
HUD: $143 Million in Grants to Support Construction and Project Rental Assistance for New Multifamily Housing and Very Low-Income Seniors
The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced on Wednesday that it has awarded $143 million in grants to non-profit organizations across the country to support the development of new affordable multifamily rental housing along with ongoing project rental assistance for very low-income seniors. The awards were made…
HUD: $4.4 Million Awarded to 28 Tribes to Provide Permanent Homes for Native American Veterans
Grants will provide housing for Native American Veterans experiencing or at risk of experiencing homelessness The U.S. Department of Housing and Urban Development (HUD), in collaboration with the U.S. Department of Veterans Affairs (VA), has awarded $4.4 million in Tribal HUD-Veterans Affairs Supportive Housing (Tribal HUD-VASH) grants to 28 Tribes and Tribally Designated Housing Entities…
SBA: New PPP Milestone Reached with One Million Borrowers Applying for Direct Forgiveness in Less than Two Months
Administrator Guzman highlights new Direct Forgiveness Portal and other innovations as critical to accelerating reviews and approvals The U.S. Small Business Administration (SBA) reached a major milestone today as its Paycheck Protection Program (PPP) Direct Borrower Forgiveness Portal recorded its one millionth PPP loan forgiveness application for borrowers seeking forgiveness for loans of $150,000 or less. “We are committed to…
HUD and FHFA: Clarifications to Freddie Mac’s Policies on Purchasing Mortgages Secured by Group Homes Announced
The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) on Tuesday announced important clarifications to Freddie Mac’s policies that make clear it will purchase mortgages secured by a property owned by an individual and rented to a group home for persons with disabilities. “Clarifying these policies regarding the…
CFPB: New Advisory Committee Members Announced
CFPB Acting Director Dave Uejio today announced the appointment of new members to the Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research Council (ARC). These committee members will advise Bureau leadership on a broad range of consumer financial issues and emerging market trends. The Dodd-Frank Wall…
HUD: HBCU Center of Excellence Grants Announced
Howard University and Texas Southern University to receive $5.5 million total in housing and economic development research grants The U.S. Department of Housing and Urban Development (HUD) on Tuesday announced a total of $5.5 million will be awarded to two Historically Black Colleges and Universities (HBCUs). Howard University and Texas Southern University will received $4.5 million…
EDA: $2.8 Million in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund and Support Small Business in Las Vegas, NV
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.8 million CARES Act Recovery Assistance grant to the Nevada Business Opportunity Fund, Las Vegas, Nevada, to capitalize and administer a Revolving Loan Fund, providing gap financing to minority and other disadvantaged businesses in Clark County….
EDA: $1.7 Million Invested to Support High-Speed Internet Connectivity in Las Vegas
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.7 million grant to the city of Las Vegas, Nevada, to expand wireless connectivity to economically disadvantaged neighborhoods. This EDA project, to be matched with $531,729 in local funds, is expected to create 300 jobs. “President…
HUD: House America Initiative Launched to Address Homelessness Crisis
House America leverages American Rescue Plan and other federal resources to immediately re-house and build additional housing for people experiencing homelessness U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge, who serves as chair of the U.S. Interagency Council on Homelessness (USICH), today joined Biden-Harris Administration officials, Cabinet members, and elected officials to…