SBA: Extension of $100 Million Grant “Community Navigator Pilot” Program Proposals to July 23, 2021 Announced
Grant program to strengthen outreach to businesses in underserved communities enacted through the American Rescue Plan Today, the U.S. Small Business Administration announced the extended application date for its new Community Navigator Pilot Program. SBA will now accept proposal submissions through July 23, 2021, and anticipates making award decisions by September 2021. This new initiative, established…
SBA: Council on Underserved Communities Reconvened
Administrator Guzman restores Council to address the immediate needs and concerns of underserved and underrepresented communities hit hard by COVID-19 The U.S. Small Business Administration announced today that it is reconvening the Council on Underserved Communities (CUC) under the authority of the Federal Advisory Committee Act (FACA). In conjunction with the Biden-Harris Administration’s agenda, the restoration of…
SBA: New HUBZones Announced to Expand Federal Contracting Opportunities for Small Businesses
The U.S. Small Business Administration’s Administrator Isabella Casillas Guzman today announced the expansion of HUBZone, a program that provides small businesses in low-income communities that hire low-income residents opportunities to compete in the federal marketplace. The announcement makes Illinois the first state to have the newly created Governor-Designated Covered HUBZones. “This expansion of HUBZone areas in…
HUD: Access to Opportunity for 10,000 Families Increased through New $50 Million Housing Mobility Demonstration
HUD Secretary Marcia L. Fudge on Thursday announced awards to nine lead public housing authorities (PHAs) that will participate in HUD’s new Housing Choice Voucher (HCV) Mobility Demonstration, which will receive $45.7 million in total funding. Through this Demonstration, PHAs will provide over 10,000 families with children better access to low-poverty neighborhoods with high-performing schools…
FHFA: New Refinance Option Announced for Low-Income Families with Enterprise-Backed Mortgages
The Federal Housing Finance Agency (FHFA) announced today Fannie Mae and Freddie Mac (the Enterprises) will implement a new refinance option for low-income borrowers with Enterprise-backed single-family mortgages. Eligible borrowers will benefit from a reduced interest rate and lower monthly payment. FHFA estimates that borrowers who take advantage of the new refinance option could save…
HUD: $28 Million Awarded to Help Public Housing Residents Secure Employment and Higher-Paying Jobs
Housing Authorities in a dozen communities will receive funding under Jobs Plus The U.S. Department of Housing and Urban Development (HUD) today announced a $28 million investment to 12 public housing agencies (PHA) to help families increase their earned income and improve their economic mobility. See chart below of today’s funding announcement. Awarded through HUD’s…
HUD: $41 Million Funding Opportunity Announced to Provide Stable Housing to Low-Income Persons Living with HIV and Their Families
The U.S. Department of Housing and Urban Development (HUD) is making $41 million in Housing Opportunities for Persons with AIDS (HOPWA) competitive funding available to states, local governments, and non-profits through the HOPWA: Housing as an Intervention to Fight AIDS funding opportunity. Housing instability has been a major issue facing many persons living with HIV…
HUD: $5 Million Awarded to Promote Lead Hazard Reduction and Weatherization Programs
Demonstration grants will promote the coordination between reducing lead and energy costs The U.S. Department of Housing and Urban Development (HUD) today awarded $5 million in demonstration grants to five local government and non-profit organizations to help households with young children or seniors promote energy efficiency and healthy housing. The funding announced today promotes the…
Interagency Interim Final Rule Issued Regarding the Emergency Capital Investment Program
On March 22, 2021, the Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), and Federal Deposit Insurance Corporation (FDIC) (collectively, the agencies) published an interim final rule to support and facilitate the timely implementation of the congressionally authorized Emergency Capital Investment Program (ECIP). Under ECIP, the…
HUD: More Than $652 Million Awarded for Affordable Housing Activities in Native American Communities
Funds support development and operation of low-income housing Today, the U.S. Department of Housing and Urban Development (HUD) announced more than $652 million in Indian Housing Block Grant (IHBG) formula funding for eligible Native American Tribes and Tribally Designated Housing Entities (TDHEs) to carry out affordable housing activities in tribal communities. View a complete list of nearly 600…