Federal Reserve: FedNow Service Release Timing Updated to Mid-2023, Marking the Beginning of Full-Scale Pilot Testing
The Federal Reserve Banks have narrowed the timing of the FedNow Service launch to mid-year 2023, specifically targeting a production rollout of the service in the May to July timeframe. This further defines the previously communicated 2023 launch window for the anticipated instant payments service and comes as the FedNow Pilot Program prepares to enter…
SBA: Return of ChallengerHer, the Government Contracting Education Initiative for Women Entrepreneurs, Announced
ChallengeHer is celebrating 10 years of helping women-owned small businesses access federal contracts WASHINGTON –Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33 million small businesses in President Biden’s Cabinet, announced the return of ChallengeHer—a government contracting education initiative to help women-owned small business gain access to federal contracts and…
ABA: Officers & Board Nominated for 2022-2023
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 2-4 in Austin, Texas. The committee, chaired by James J. Edwards, Jr., chief executive officer, United Bank, Griffin, GA, nominated these candidates for ABA officer positions: CHAIR: Daniel D. Robb, president…
HUD: Rental Assistance Demonstration Conversion Transaction Closed with Franklin Housing Authority in Franklin, TN to Build 76 New Construction Affordable Rental Homes
RAD transaction supports construction of new affordable rental homes at Cherokee Place property The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing announced today that it has closed a Rental Assistance Demonstration (RAD) transaction with the Franklin Housing Authority in the City of Franklin, TN, Through RAD, the Housing Authority will newly…
SBA: New Board Chair and Selection of New Members Announced for the National Small Business Development Center Advisory Board
The Board is embarking on an outreach and engagement effort to strengthen the program – Townhall planned for Fall 2022 WASHINGTON – Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration and the voice for America’s 33 million small businesses in President Biden’s Cabinet, announces the selection of new advisory board leadership to the Small Business Develop…
HUD: Allocation Strategy and Program Requirements Released for New Stability Vouchers
Stability Vouchers Will Incentivize Public Housing Agencies to Partner with Communities to Address Unsheltered Homelessness and Homelessness in Rural Areas The U.S. Department of Housing and Urban Development (HUD) today issued a notice that explains the department’s non-competitive allocation strategy and program requirements for the new Stability Vouchers. Under the program, HUD will award up…
HUD: $41.3 Million in Housing Counseling Grants Awarded
Awards provide second-year funding for vital housing counseling services and ongoing support for professional development for the nation’s housing counselors The U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling is announcing today that it has awarded $41.3 million in grants to support the vital services performed by the nation’s housing counselors. The awards…
SBA: Improved Surety Bond Process Announced to Provide Streamlined Support for Local Infrastructure Contractors
Improvements are expected to increase and speed access to opportunities related to Infrastructure Investment and Jobs Act The U. S. Small Business Administration (SBA) announced changes today to streamline the submission of Work-in-Process (WIP) information small businesses provide when receiving bonding support through the Surety Bond Guarantee (SBG) Prior Approval Program. Surety bonding is required for any business to bid on…
EDA: Over $28 Million in American Rescue Plan Funds and CARES Act Recovery Assistance Invested Last Week
Last week, the following grants were made under the American Rescue Plan Funds and CARES Act Recovery Assistance programs: August 23, 2022 – U.S. Department of Commerce Invests $4.9 Million in American Rescue Plan Funds to Support Business Development in South Amboy, New Jersey August 23, 2022 – U.S. Department of Commerce Invests $4.5 Million in CARES…
HUD: $25 Million Awarded to Stabilize Public Housing Agencies Facing Financial Shortfalls
The U.S. Department of Housing and Urban Development (HUD) today awarded $25 million to 181 public housing agencies (PHAs) experiencing or at risk of experiencing financial shortfalls. This Public Housing Operating Fund Shortfall funding, provided by the Fiscal Year 2022 Consolidated Appropriations Act, will enable PHAs to continue serving residents as they take steps to…