Underserved

SBA: Pilot Program Targeting Access to Capital for Underserved Entrepreneurs Expanded

Vice President Kamala Harris Unveils Improvements to SBA Community Advantage Pilot Program at White House Event with SBA Administrator Isabella Guzman, Extending it to 2024, Ending New Lender Moratorium, and Lifting Loan Caps Today, Vice President Kamala Harris and Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 32.5 million small businesses in…

OCC: Acting Comptroller Launches Project REACh Efforts in Dallas

Acting Comptroller of the Currency Michael J. Hsu today joined civic leaders, community advocates, bankers, and business leaders to launch Dallas REACh. The Office of the Comptroller of the Currency (OCC) launched Project REACh, the Roundtable for Economic Access and Change, to bring together leaders from the banking industry, civil rights organizations, business, and technology…

OCC: Project REACh Efforts Launched in Detroit

Acting Comptroller of the Currency Michael J. Hsu today joined civic leaders, community advocates, and bankers to launch Detroit REACh. The Office of the Comptroller of the Currency (OCC) launched Project REACh, the Roundtable for Economic Access and Change, to bring together leaders from the banking industry, civil rights organizations, business, and technology to identify…

SBA: Council on Underserved Communities Holds First Virtual Meeting

On Tuesday, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 32.5 million small businesses in President Biden’s Cabinet, joined John W. Rogers, Jr., Chairman of the Council on Underserved Communities (CUC), to hold the first meeting of the reconvened council. “I’m excited for this kick-off as the CUC and its important mission…

FHFA: 2022-2024 Single-Family and 2022 Multifamily Housing Goals for Fannie Mae and Freddie Mac Finalized

Today, the Federal Housing Finance Agency (FHFA) issued a final rule for Fannie Mae and Freddie Mac (the Enterprises) that establishes the benchmark levels for each of the single-family housing goals and subgoals for 2022 through 2024 and establishes the benchmark levels for the multifamily housing goals for 2022. The housing goals ensure that the Enterprises, through…

OCC: Acting Comptroller Kicks Off DC REACh

Acting Comptroller of the Currency Michael J. Hsu today joined civic leaders, community advocates, and bankers to launch DC REACh, thereby expanding the OCC’s Project REACh efforts to Washington, D.C. The OCC launched Project REACh, or Roundtable for Economic Access and Change, to bring together leaders from the banking industry, civil rights organizations, business, and…

SBA: Members of the Council on Underserved Communities Announced

John W. Rogers Jr. and 14 Distinguished Leaders Appointed to Reconvened CUC will develop policy recommendations for American Indian, Alaska Native, Native Hawaiian, and other underserved small business owners Today, U.S. Small Business Administrator Isabella Casillas Guzman announced the leaders who will serve on the reconvened Council on Underserved Communities (CUC) authorized under the Federal Advisory Committee…

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 enforcement and education and outreach…

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 demographic, housing, socioeconomic, business and…

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 (FY) 2021. “In the midst…