EDA: $800,000 in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund to Serve Businesses in Albany County, WY
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $800,000 CARES Act Recovery Assistance grant to Laramie Chamber Business Alliance, Laramie, Wyoming, to capitalize and administer a Revolving Loan Fund (RLF) that will provide critical gap financing to businesses adversely affected by the coronavirus pandemic in Albany County. The EDA grant,…
HUD: FHA Extends Single Famly Policy Flexibilities to Maintain Mortgage Originations and 203(k) Rehabilitation Projects Through June 2021
Today, the Federal Housing Administration (FHA) announced extensions of a set of policy flexibilities for single family lenders and servicers designed to maintain new mortgage originations for homebuyers and allow 203(k) rehabilitation projects to continue during the COVID-19 pandemic. These temporary policies recognize the sustained need for flexibility during this critical time to ensure mortgage…
SBA: Smallest of Small Businesses Prioritized in the Paycheck Protection Program
Steps to Promote Equitable Relief for Mom-and-Pop Businesses Building on a month of strong results, the Biden-Harris Administration and the U.S. Small Business Administration are taking steps with the Paycheck Protection Program to further promote equitable relief for America’s mom-and-pop businesses. The latest round of Paycheck Protection Program funding opened one month ago and already the Biden Administration has…
EDA: $2.4 Million in CARES Act Recovery Assistance Invested to Establish a Revolving Loan Fund to Serve Businesses in Northwest Ohio
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $2.4 million CARES Act Recovery Assistance grant to the Toledo-Lucas County Port Authority, Toledo, Ohio, to create a Revolving Loan Fund (RLF) that will provide critical gap financing to coronavirus-impacted small businesses in Lucas, Ottawa and Wood counties. This EDA grant, to…
EDA: $1.2 Million in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund to Serve Businesses in Southwest Montana
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $1.2 million CARES Act Recovery Assistance grant to the Northern Rocky Mountain Economic Development District, Bozeman, Montana, to capitalize and administer a Revolving Loan Fund (RLF) that will provide critical gap financing to businesses adversely affected by the coronavirus pandemic in Gallatin…
FHFA: Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions Released
The Federal Housing Finance Agency (FHFA) today released the 2021 Scorecard for Fannie Mae, Freddie Mac (the Enterprises), and Common Securitization Solutions. The 2021 Scorecard aligns the 2019 Strategic Plan with the Enterprises’ tactical priorities and operations, serving as an essential tool to hold the Enterprises accountable. “The 2021 Scorecard will ensure that Fannie Mae,…
SBA: $200 Billion Milestone Reached for Economic Injury Disaster Loan Program to Small Businesses and Non-Profits
Today, the U.S. Small Business Administration reached a milestone in the success of the COVID-19 Economic Injury Disaster Loan (EIDL) program, which has provided U.S. small businesses, non-profits, and agricultural businesses a total of $200 billion in emergency funding. “Following the enactment of COVID-19 emergency legislation, the SBA has now provided more than 3.7 million small businesses…
EDA: $1.76 Million in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund for Businesses Across 24 Oklahoma Counties
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $1.76 million CARES Act Recovery Assistance grant to Southwestern Intermediary Finance Team, Inc. (SWIFT), Weatherford, Oklahoma, to capitalize and administer a Revolving Loan Fund (RLF) that will provide critical gap financing to businesses adversely affected by the coronavirus pandemic across 24 Oklahoma…
EDA: $1.5 Million in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund for Businesses in Omaha-Council Bluffs Metropolitan Area
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $1.5 Million CARES Act Recovery Assistance grant to the Omaha-Council Bluffs Metropolitan Area Planning Agency, Omaha, Nebraska, to capitalize and administer a Revolving Loan Fund (RLF) that will provide critical gap financing to businesses adversely affected by the coronavirus pandemic in the…
HUD: Fair Housing Act Will Be Enforced to Prohibit Discrimination on the Basis of Sexual Orientation or Gender Identity
HUD directive begins implementation of the policy set forth in Biden executive order to prevent and combat sexual orientation and gender identity-based discrimination The U.S. Department of Housing and Urban Development (HUD) today announced that it will administer and enforce the Fair Housing Act to prohibit discrimination on the basis of sexual orientation and gender…