HUD: More than $13 Million in American Rescue Plan Funds Released to Assist Victims of Housing Discrimination Related to the Coronavirus Pandemic

Funds will support the efforts of fair housing enforcement organizations  The U.S. Department of Housing and Urban Development (HUD) announced today that it is providing $13.6 million in American Rescue Plan (ARP) funding to enable 51 HUD Fair Housing Initiatives Program (FHIP) agencies to conduct a range of fair housing […]

Census Bureau: Census Data Equity Initiative for Underserved Communities Announced

The U.S. Census Bureau today announced the Census Data Equity Initiative for Underserved Communities. This includes the release of the Data for Equity webpage, press kit, director’s blog and more highlighting datasets and tools available to help federal agencies and other entities identify and equitably distribute resources to underserved communities. The Census Bureau collects […]

SBA: $44.8 Billion through Signature Small Business Lending Programs Announced

In fiscal year 2021, 7(a) and 504 loan programs provided more than 61,000 loans, but gaps in access to capital for underserved communities remain Today, U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced the agency reached $44.8 billion in funding to small businesses through more than 61,000 traditional loans for fiscal year […]

HUD: HBCU Center of Excellence Grants Announced

Howard University and Texas Southern University to receive $5.5 million total in housing and economic development research grants The U.S. Department of Housing and Urban Development (HUD) on Tuesday announced a total of $5.5 million will be awarded to two Historically Black Colleges and Universities (HBCUs). Howard University and Texas Southern […]

SBA: National Small Business Week Virtual Summit Highlights Resiliency and Recovery

Prominent small business investors, entrepreneurs, and mentors address nearly 50,000 attendees The U.S. Small Business Administration announced today that this year’s National Small Business Week (NSBW) Virtual Summit drew more than 47,000 participants for the three-day virtual summit. Attendees heard from celebrity business owners, investors, entrepreneurs, and lead advisors from across the small business […]

FDIC: Mission-Driven Bank Fund Launched

$120 million pledged to support Minority Depository Institutions and CDFIs The Federal Deposit Insurance Corporation (FDIC) today announced the launch of a new Mission-Driven Bank Fund, a capital investment vehicle being developed by the FDIC to support insured Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs). As anchor investors, […]

CDFI Fund: FY 2021 CDFI Program and NACA Program Technical Assistance Awards Announced

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 191 organizations more than $24.1 million in awards today. The fiscal year (FY) 2021 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) Technical Assistance Awards will allow Certified Community […]

SBA: Grants Awarded to 33 Organizations to Help Underserved Communities Succeed with the Small Business Innovation Research Program

The U.S. Small Business Administration issued 33 grant awards up to $125,000 each for specialized training, mentoring, and technical assistance for research and development (R&D)-focused small businesses under the Federal and State Technology (FAST) Partnership Program.  FAST seeks to improve outcomes in the Small Business Innovation Research (SBIR) and Small Business Technology Transfer […]

CDFI Fund: AmeriCorps and CDFI Fund Launch Economic Mobility Corps

More than $2.5 million invested to place 156 AmeriCorps members for two years in Community Development Financial Institutions AmeriCorps and the U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) today announced three Community Development Financial Institutions (CDFIs) were awarded more than $2.5 million through the inaugural round of the AmeriCorps […]

FDIC & Federal Reserve: List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies Released

The Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation today announced the availability of the 2021 list of distressed or underserved nonmetropolitan middle-income geographies. These are geographic areas where revitalization or stabilization activities are eligible to receive Community Reinvestment Act (CRA) consideration under the […]