Treasury: New Markets Tax Credit Awards Paired with Program Reforms
The U.S. Department of the Treasury (Treasury) today announced New Markets Tax Credits (NMTC) awards to promote U.S. economic growth. Treasury also announced reforms to focus NMTC awards on community revitalization and ensure NMTC awardees’ compliance with federal anti-discrimination laws. The awards announced today are a double round, covering 2024 and 2025. Secretary Scott K.H….
CDFI Fund: Treasury Pairs New Market Tax Credit Awards with Program Reforms
The U.S. Department of the Treasury (Treasury) today announced New Markets Tax Credits (NMTC) awards to promote U.S. economic growth. Treasury also announced reforms to focus NMTC awards on community revitalization and ensure NMTC awardees’ compliance with federal anti-discrimination laws. The awards announced today are a double round, covering 2024 and 2025. Secretary Scott K.H….
SBA: First MARC Loans Delivered to Support Manufacturers
$3.5 Million in New Capital will Supercharge Reindustrialization Today, the U.S. Small Business Administration (SBA) announced it has approved its first round of 7(a) Manufacturers’ Access to Revolving Credit (MARC) Loans – already delivering $3.5 million in working capital to four manufacturers. The loan program, launched just prior to the federal shutdown, is the first-ever SBA loan offering dedicated…
FHFA: Deemed-Issuance Ratio for 2026 Announced
Ratio changes to 52 Percent Freddie Mac and 48 Percent Fannie Mae U.S. Federal Housing (Federal Housing Finance Agency or FHFA) today announced the deemed-issuance ratio for the 2026 calendar year in accordance with Internal Revenue Service (IRS) guidelines on the trading of the Uniform Mortgage-Backed Security (UMBS). The deemed-issuance ratio is used for diversification reporting on the…
CDFI Fund: Upcoming Window 3 CDFI Certification Deadline and Service Request Cutoff Announced
In June 2024, the Community Development Financial Institutions Fund (CDFI Fund) released the General Reapplication Submission Deadlines for the CDFI Certification Application for all Certified CDFIs. The third reapplication submission window, Window 3, closes on December 31, 2025. To avoid delays or loss of Certification, organizations must act now to prepare their submissions and resolve outstanding issues. Cut-off…
FHFA: U.S. Federal Housing Announces 2026 Multifamily Loan Purchase Caps for Fannie Mae and Freddie Mac
U.S. Federal Housing announced today that the 2026 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be $88 billion for each Enterprise, for a combined total of $176 billion to support the multifamily market. To ensure a strong focus on affordable housing and underserved markets, U.S. Federal Housing will require…
HUD: Secretary Scott Turner Visits Atlanta to Witness How Opportunity Zones Are Spurring Growth, Expanding Housing Affordability
U.S. Housing and Urban Development (HUD) Secretary Scott Turner visited Centennial Yards in Atlanta, an expansive 50-acre mixed use development located within one of the city’s Opportunity Zones. Secretary Turner and stakeholders toured the site, including several new residential and commercial properties under construction, and met with key partners to discuss how the project is…
SBA: SBIC Program Delivers Record Capital in FY25
America First agenda fuels surge of investment in nation’s small businesses Today, the U.S. Small Business Administration (SBA) announced that the Small Business Investment Company(SBIC) program closed Fiscal Year 2025 (FY25) with the largest level of investment capital in the program’s history. In total, the SBIC program reached $53 billion in combined private capital and SBA leverage, compared…
SBA: Shutdown Blocks SBA from Delivering $5 Billion to Small Businesses
10,000 Small Businesses Lost Access to SBA-Guaranteed Capital During Funding Lapse Today, the U.S. Small Business Administration (SBA) announced the cumulative impact of the federal shutdown on its small business lending programs. For fiscal year 2025 (FY25), the agency guaranteed a record 84,400 7(a) and 504 loans, delivering $45 billion to Main Street thanks to a historic demand for…
SBA: Over $6 Billion in Assistance Delivered to Disaster Survivors in FY25
Agency’s rapid, reliable support for disaster recovery aided 51,000 Americans and is now available to impacted Alaskans Today, on the heels of her latest disaster visit to the state of Alaska, U.S. Small Business Administration(SBA) Administrator Kelly Loeffler announced that the agency closed Fiscal Year 2025 (FY25) with $6 billion in assistance delivered to disaster survivors. Under the…