EDA: $820,123 in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund to Support Small Businesses in Southeast Nebraska
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $830,123 CARES Act Recovery Assistance grant to the Southeast Nebraska Development District, Lincoln, Nebraska, to capitalize and administer a Revolving Loan Fund, providing gap financing to small, local businesses in Butler, Fillmore, Gage, Jefferson, Johnson, Lancaster, Nemaha, Otoe, Pawnee, Polk, Richardson, Saline,…
CFPB: Report Finds Consumer Complaint Submission Patterns Vary by Demographic Characteristics of Census Tract
The Consumer Financial Protection Bureau (CFPB) today released its first in-depth report analyzing complaint submission patterns by U.S. Census tract. The report, “Consumer complaints throughout the credit life cycle, by demographic characteristics,” finds that the complaints from wealthier communities and communities with higher percentages of white, non-Hispanic residents were more frequently about loan origination and…
CDFI Fund: Inaugural Round of Small Dollar Loan Program Awards Announced
$10.8 Million Awarded to CDFIs to Provide Alternatives to High Cost Small Dollar Loans Washington – The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded more than $10.8 million in grants to Community Development Financial Institutions (CDFIs) today, through the fiscal year (FY) 2021 round of the Small Dollar Loan Program…
Census Bureau: Small Business Pulse Survey Phase 6 Weekly Data Released
The U.S. Census Bureau today released new data from the sixth phase of the Small Business Pulse Survey (SBPS). Data collection began August 16. Results will be released weekly August 26 to October 21. New content in the SBPS Phase 6 covers difficulties hiring employees, new workplace norms, changes in demand for goods or services, and price…
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,…
Census Bureau: Household Pulse Survey Phase 3.2 Biweekly Data Released
The U.S. Census Bureau today released new data from phase 3.2 of the experimental Household Pulse Survey. This phase of data collection includes new questions on the Child Tax Credit, sexual orientation and gender identity (SOGI), rent/mortgage arrears, utility arrears and restrictions, summer catch-up education activities for grades K-12 and preventative health care for children. The…
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…