CFPB: Certify Your Service and Stay on Track for Public Service Loan Forgiveness
We often hear from people working hard in public service who are struggling to stay on track with their student loans. Public service employees may be eligible to have their loans forgiven through the Public Service Loan Forgiveness (PSLF) program. After these borrowers make ten years’ worth of qualifying payments (120 payments), the PSLF program…
CDFI Fund: Application Demand for FY 2016 Round of BEA Program Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the application data for the fiscal year (FY) 2016 round of its Bank Enterprise Award Program (BEA Program). A total of 116 applications were received requesting awards of over $146 million against the $19 million in Program Awards that are…
ABA: Bank Economists Share Moderate Growth to Continue Through 2018
WASHINGTON — The U.S. economy will continue to expand through next year with support from fiscal stimulus, according to the Economic Advisory Committee of the American Bankers Association. “The forces that have sustained eight years of progress, such as low interest rates and improvements in labor markets, will continue into next year,” said Christopher Probyn,…
SBA: Ignite Tour Blazes Across the Country
WASHINGTON, D.C. – Administrator Linda McMahon, the head of the U.S. Small Business Administration, today announced the SBA Ignite Tour—a national outreach campaign aimed at fueling small businesses with tools and resources to grow their companies and create more American jobs. McMahon will tour more than 60 cities in two years. Throughout the tour McMahon…
ABA: Mortgage Borrowers Want Both Technology and In-Person Services
Survey also found down payment, student debt preventing home purchases WASHINGTON — A majority of Americans (60 percent) agree that while they use online resources for research, they prefer to apply for a mortgage in person, according to a new survey from the American Bankers Association. Seventeen percent said they would prefer to apply for…
CDFI Fund: Call for Community and Economic Development Practioners
The Community Development Financial Institutions Fund (CDFI Fund) is issuing a call for well-qualified persons to serve as application reviewers for the 2017 application round of the New Markets Tax Credit Program (NMTC Program). The CDFI Fund has contracted with F2 Solutions to recruit reviewers. Recruitment will be conducted by F2 Solutions on a rolling…
HUD: Report Calls for Greater Action to Reduce Injuries to Seniors in Their Home
WASHINGTON – Approximately one-third of adults age 65 years or older fall in their home, resulting in injury, long-term disability and premature institutionalization. By 2020, the Centers for Disease Control and Prevention estimates the cost related to these kinds of injuries to be nearly $60 billion a year. In an effort to reduce and prevent…
SBA: Nonprofit Organizations Receive Funding for Providing “Boots to Business” Entrepreneurship Training
WASHINGTON – The U.S. Small Business Administration has awarded a total of $2,324,100 to two nonprofit organizations providing “Boots to Business” entrepreneurship training to military service members, military spouses and veterans. This funding, offered by SBA’s Office of Veterans Business Development, will enable the two organizations to deliver Boots to Business—the entrepreneurship track of the Department…