Treasury: IRS Proposes Rule to End Tax-Exempt Status for Discriminatory Practices in Private Schools
The Department of the Treasury and the Internal Revenue Service (IRS) have issued proposed regulations to end federal tax-exempt status for private schools that engage in racial discrimination, delivering on President Trump’s Executive Orders ending discrimination and restoring merit-based opportunity. “Under President Trump, this Administration is standing up for America’s students by ensuring racial discrimination…
HUD: Secretary Turner Joins the National Tribal Housing Summit to Announce Inaugural Awards for Tribal Leaders and Celebrate Historic MOU Signing
Today, the Department of Housing and Urban Development (HUD) concluded its 2026 National Tribal Housing Summit and announced the inaugural HUD Secretary’s Awards for Excellence in Tribal Communities, honoring achievements in housing, community development, and support for Native youth. During the Summit, HUD’s Office of Public and Indian Housing (PIH) and the Department of the…
SBA: All Star Lineup Unveiled for Million Dollar Pitch Competition
Judges Nicki Minaj, Grant Cardone, and Joe Gebbia to join host Dean Cain at finale in Washington, D.C. Today, the U.S. Small Business Administration (SBA) announced the all-star judging panel and event host for the grand finale of the agency’s Million Dollar Pitch Competition. The judging panel will consist of global music icon and entrepreneur Nicki Minaj,…
HUD: Agency Increases Flexibility and Lowers Barriers for Public Housing Repositioning
Updated guidance provides more tools to keep housing safe, modern, and affordable HUD today announced updates to its public housing demolition and disposition program to make it easier for public housing authorities (PHAs) to address distressed public housing and maintain affordable housing in their communities through redevelopment. “Public housing should not be synonymous with blighted or derelict…
EDA: U.S. Department of Commerce Invests $41.6 Million in Disaster Supplemental Funding to Support Economic Development Projects in Five States
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced $41.6 million in Disaster Supplemental funding awards to five states, which were impacted by storms and natural disasters in 2023 and 2024. The EDA awards announced today are: “The Disaster Supplemental Grant Program was designed to help communities rally and rebuild their local economies…
EDA: U.S. Department of Commerce Invests $9.5 Million to Support Economic Development Projects in Four States
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced $9.5 million in awards for projects in four states. The awards were provided through EDA’s Public Works and Economic Adjustment Assistance programs, which leverage existing regional assets and support the implementation of economic development strategies to support distressed communities. The awards announced today are:…
SBA: Agency and Department of Energy Partner to Advance President Trump’s American Energy Dominance Agenda
Today, the U.S. Small Business Administration (SBA) and the U.S. Department of Energy (DOE) announced a Memorandum of Agreement (MOA) establishing a strategic partnership to advance President Donald J. Trump’s American energy dominance agenda. Signed by SBA Administrator Kelly Loeffler and Energy Secretary Chris Wright at an event today in Pennsylvania, the agreement establishes the Small Business Investment Company-Energy…
SBA: Proposed Rule Issued to Overhaul & Simplify Small Business Classification & Expand Access to Federal Programs
Size standard proposal would increase small business count by over 110,000 Today, the U.S. Small Business Administration (SBA) proposed a comprehensive overhaul of its small business size standards, modernizing how the federal government defines and classifies small businesses across the United States. Published in a proposed rule, the new standards would simplify industry categorization and raise applicable size thresholds,…
EDA: U.S. Department of Commerce Invests $28.5 Million in Disaster Supplemental Funding to Support Economic Development Projects in Five States
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced $28.5 million in Disaster Supplemental funding awards to five states, which were impacted by storms and natural disasters in 2023 and 2024. The EDA awards announced today are: “The Disaster Supplemental Grant Program supports American communities recovering from major disasters and puts them on…
CDFI Fund: CY 2026 New Markets Tax Credit Program Application Allocation Round Begins Soon
$5 Billion in Allocation Authority will be Available The upcoming calendar year (CY) 2026 round of the New Markets Tax Credit Program (NMTC Program) will make $5 billion in Allocation Authority available for investments in low income and distressed communities. The CDFI Fund is planning to open the CY 2026 NMTC Program Allocation Application round…