SBA: $100 Million Community Navigator Pilot Program Launched to Support Underserved Small Businesses

$100 million competitive grant program to strengthen outreach to businesses in underserved communities enacted through the American Rescue Plan The U.S. Small Business Administration (SBA) announced today that it is accepting applications for its new Community Navigator Pilot Program. This new initiative, established by the American Rescue Plan, will leverage a community navigator approach to reach our […]

FEMA: Public Comments Sought on Future Program Delivery Regarding Climate Change and Underserved Communities and Populations

FEMA is seeking public comments on how the agency’s programs deal with climate change and underserved communities and populations. Earlier this year, President Joseph R. Biden, Jr. released three executive orders, 13985, 13990 and 14008, requiring agencies to assess existing programs and policies to determine the following: If agency programs and policies perpetuate systemic […]

HUD: Secretaries of HUD & VA Issue Joint Statement on Ending Veteran Homelessness

From HUD Secretary Marcia L. Fudge and VA Secretary Denis McDonough The Department of Housing and Urban Development’s 2020 Annual Homeless Assessment Report (AHAR) to Congress found that on a single night in January 2020, there were 37,252 Veterans experiencing homelessness in America, an increase of 0.4% over 2019. This number […]

OCC: April is National Financial Capability Month

The Office of the Comptroller of the Currency (OCC) encourages national banks and federal savings associations (collectively, banks) to support financial literacy education year-round but especially during National Financial Capability Month, which runs through April 30. Banks promote financial literacy by supporting programs that expand financial literacy, economic empowerment, and […]

EDA: $1.17 Million in CARES Act Recovery Assistance Invested to Support Small Businesses and Manufacturers in Underserved Areas of San Jose, CA

Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $1.17 million CARES Act Recovery Assistance grant to the city of San Jose, California, to provide technical assistance to coronavirus-impacted small businesses and manufacturers in underserved areas of the city. “The Economic Development Administration is committed to […]

OCC: CRA Act Bank Type Determinations, Distressed and Underserved Areas, and Banking Industry Compensation Value Released

The Office of the Comptroller of the Currency (OCC) today announced the availability of the 2021 list of bank type determinations, the 2021 list of distressed and underserved areas, and the banking industry median hourly compensation value. These two lists and the determined compensation value apply only to national banks, […]

SBA: Emerging Leaders Initiative to Help Growing Entrepreneurs Opened for 2021 Recruitment

The U.S. Small Business Administration announced the launch of the 2021 Emerging Leaders initiative for executives of small businesses poised for growth in underserved markets. Local area recruitment for the 2021 training cycle is currently underway at designated SBA District Offices. Interested small business owners can learn more regarding eligibility, how to apply, […]

FHFA: Fannie Mae’s and Freddie Mac’s Duty to Serve Underserved Markets Plans for 2021 Announced

The Federal Housing Finance Agency (FHFA) today published the 2021 Underserved Markets Plans for Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) program.  The Plans became effective January 1, 2021. FHFA issued a final rule in 2016 that implemented the DTS provisions as mandated by the Housing […]

OCC: Acting Comptroller Hosts Access to Capital Forum in Denver to Highlight CRA Activities

Acting Comptroller of the Currency Brian Brooks today hosted an “Access to Capital Forum” in Denver to promote investment and lending in underserved areas and to highlight activities supported by the Office of the Comptroller of the Currency’s (OCC) new Community Reinvestment Act (CRA) rule. “Today, we brought together bankers, […]