HUD: New Actions Announced to Support Hawaii Homeowners Seeking to Rebuild After Wildfires
Extended flexibility for borrowers through the Federal Housing Administration now allows more time to finance single family home reconstruction in Maui County, HI. Today, on the one-year anniversary of the tragic Maui wildfires, the U.S. Department of Housing and Urban Development (HUD), through its Federal Housing Administration (FHA), announced new actions to support borrowers in…
HUD: New HUD Policy Changes Expand Access to Housing for Veterans
Changes will enable veterans with service-connected disability benefits access more housing opportunities Today, the U.S. Department of Housing and Urban Development (HUD) announced a new set of policy changes that will help more veterans receive assistance under the HUD-Department of Veteran Affairs (VA) Supportive Housing (HUD-VASH) program, and improve their access to supportive housing developments. Veterans experiencing homelessness often receive…
CFPB: Nationwide Consumer Advisory Issued on Predatory Solar Lending
CFPB Report Finds Lenders Cramming Markup Fees and Confusing Terms into Solar Energy Loans The Consumer Financial Protection Bureau (CFPB) today issued an issue spotlight finding that some residential solar lenders are misleading homeowners about the terms and costs of their loans, misrepresenting the energy savings they will deliver, and cramming markup fees into borrowers’ loan balances….
HUD: $6 Million Awarded to Protect Families from Home Health and Safety Hazards
Funding will be used to make private homes safer The U.S. Department of Housing and Urban Development (HUD) today awarded $6 million to two nonprofit organizations, and a city government to protect children and families from home health hazards. This is the second round of funding announced for this program in addition to the grant announcements made…
EDA: $2.3 Million Invested to Support Small Business and Entrepreneurial Growth in West Virginia
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $2.3 million in the state of West Virginia to support small businesses and entrepreneurs. The EDA investments announced today are: “The Biden-Harris Administration is committed to ensuring that communities in West Virginia and across the country have the resources…
EDA: $614,400 Invested for Infrastructure Improvements to Support Disaster Resilience in Sausalito, CA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $614,400 grant to the city of Sausalito, California, to support transportation infrastructure improvements designed to bolster disaster resilience. This grant will facilitate a vulnerability and feasibility study that will guide future flood mitigation improvements on the city’s Gate 5 Road. This EDA…
SBA: Working Capital Pilot Program Now Accepting Applications at Participating SBA Lenders
Program Expands Small Businesses’ Access to Credit Lines That Create Jobs, Spur Sales and Growth 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 33 million small businesses, announced that SBA 7(a) lenders may now accept applications for the SBA’s newly-announced 7(a) Working Capital Pilot…
EDA: $184 Million Announced for Six Recompete Program Awardees
U.S. Department of Commerce program will help reduce unemployment and establish long-term economic growth Today, the Biden-Harris Administration, through the U.S. Department of Commerce’s Economic Development Administration (EDA), announced $184 million in implementation grants for six Recompete Finalists. These awards will create renewed opportunity in economically distressed communities through good-paying, high-quality jobs and improve access to…
SBA: $7 Million in PRIME Grants Announced to Serve Low-Income Microentrepreneuers
28 Grants Will Support Training, Program Development to Increase Access to Capital and Grow Businesses 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 33 million small businesses, announced 28 awardees for the 2024 Program for Investment in Microentrepreneurs(Link is external) (PRIME) grant awards, totaling $7 million….