SBA: Small Dollar Lending and Lending To Underserved Entrepreneurs Continues to Rise as Record 19 Million New Business Applications Filed Since 2021
Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, announced the Biden-Harris Administration has tripled SBA lending to Black-owned businesses while doubling small-dollar lending and lending to Latino- and women-owned small businesses. The new data comes as the United States reaches a record 19 million(Link…
HUD: More than 25 Federal Agencies Partner in Coordinated Fight Against Extreme Heat and Climate Change
HUD joins the National Integrated Heat Health Information System to build awareness about the dangers of extreme heat and develop solutions to reduce the negative impacts of extreme heat on communities throughout the country. Today, the U.S. Department of Housing and Urban Development is joining the White House and interagency National Integrated Heat Health Information…
HUD: Nearly $140 Million Awarded to Expand Affordable Housing for People with Disabilities
Funding supports efforts by 18 state housing agencies to create affordable homes and expand support services for adults living with disabilities. Today, the U.S. Department of Housing and Urban Development awarded $138.5 million in grants for more than a dozen state housing agencies to expand the supply of housing and supportive services for low-income persons…
FHFA: First Meeting of Advisory Committee on Affordable, Equitable, and Sustainable Housing Scheduled for September 10-11, 2024
Today, the Federal Housing Finance Agency (FHFA) announced the first meeting of the Advisory Committee on Affordable, Equitable, and Sustainable Housing (ACAESH). The ACAESH meeting will be held in person September 10-11, 2024, at FHFA’s headquarters in Washington, D.C., with video and audio coverage available. “The Committee’s wide-ranging expertise will help FHFA continue to fulfill…
HUD: Disaster Aid Offered to Florida Storm Victims
Federal aid supports state, tribal and local recovery for August 2024 Hurricane Debby The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of Florida and ordered Federal aid to supplement State, tribal, and local recovery efforts in the areas affected by Hurricane Debby beginning on…
HUD: $350 Million Announced for Communities to Build More Affordable Homes and Lower Housing Costs
HUD announces $100 million in new PRO Housing funding to cut red tape to housing production, and launches $250 million challenge for transformative housing investments The U.S. Department of Housing and Urban Development (HUD) today announced the availability of $100 million in competitive grant funding to cut red tape, build more homes, and lower the costs of…
HUD: Local Housing Programs Enhanced to Build More Affordable Homes
New update to HUD financing program for state and local housing finance agencies will support the construction of new, affordable homes for American families The U.S. Department of Housing and Urban Development and the U.S. Department of the Treasury today announced new actions to provide more interest rate certainty for state and local Housing Finance Agencies (HFAs)…
Joint Rulemaking Issued on Financial Data Transparency Act Data Standards
Today, the Federal Housing Finance Agency (FHFA) joined eight other agencies to announce that it is seeking comment on a proposed rule to establish data standards for certain information collected by financial regulatory agencies. FHFA joins the Office of the Comptroller of the Currency, the Federal Reserve System, the Federal Deposit Insurance Corporation, the National…
CFPB: Consumer Advisory Issued to Help People Facing Housing Problems Because of a Contract for Deed
Like all home purchases, a contract for deed involves a contract between a buyer and a seller. Even if the contract goes by a different name, like “bond for deed,” “land installment contract,” or “buying on contract,” the idea is the same: a purchase made on an installment plan rather than through a traditional mortgage…
SBA: Department of Veterans Affairs and SBA Join Forces to Promote Veteran Entrepreneurship
New Agreement Formalizes Collaboration on Nationwide Trainings On August 12, 2024, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses, announced the signing of a memorandum of understanding (MOU) between the SBA’s Office of Veterans Business Development (OVBD) and the…