HUD: Federal Government Announces Significant Efforts to Reduce Homelessness
New partnerships and funding aim to expand housing resources, improve services, and end veteran homelessness The Biden-Harris Administration announced a series of measures to address homelessness across the country, reaffirming the Administration’s commitment to ensuring all Americans have access to safe, stable housing. This includes updating regulations that streamline the repurposing of surplus federal properties…
HUD: Website Modernized to Enhance User Experience
Streamlined Trauma-Informed Design Improves Access to vital resources. Today, the U.S. Department of Housing and Urban Development (HUD) announces the completion of a transformative project to update webpages for all 50 states, territories, and the District of Columbia on HUD.gov. These updated pages feature a streamlined design and trauma-informed elements, making it easier for communities nationwide to…
SBA: Lending Network Strengthened with New Public-Private Partnerships Supporting Underserved Communities
Four New Small Business Lending Companies Authorized to Support America’s Entrepreneurs in Underserved Communities Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s more than 34 million small businesses in President Biden’s Cabinet, announced that the SBA has granted Small Business Lending Company (SBLC) licenses to four lending institutions committed…
FHFA: 2025 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions Released
The annual list of objectives includes steps for the Enterprises to better manage risk, support market improvements, and facilitate enhanced resilience of the nation’s housing stock The Federal Housing Finance Agency (FHFA) released today the 2025 Scorecard for Fannie Mae and Freddie Mac (the Enterprises), establishing an array of objectives for them to operate safely…
OCC: Annual Report for 2024 Issued
The Office of the Comptroller of the Currency (OCC) today published its 2024 Annual Report. The OCC Annual Report provides Congress with an overview of the condition of the federal banking system, discusses the OCC’s strategic priorities and initiatives, and shares the agency’s financial management and condition. The report highlights the OCC’s work to advance…
SBA: Growth Accelerator Fund Competition to Accelerate Innovation-Driven Ecosystem Building Announced Offering Up to $9 Million in Awards
Entrepreneur Support Organizations Will Compete in Two Stages for $75,000 to $150,000; 2025 Application Opens Jan. 8, 2025 Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 34 million small businesses and startups, announced the upcoming launch of the 2025 Growth Accelerator Fund Competition…
HUD: Adjustments Announced for Affordable Rental Properties to Address Rising Expenses and Insurance Costs
HUD releases 2025 Operating Cost Adjustment Factors, with new rent adjustments to address rising property management expenses, including insurance coverage, for multifamily properties. Amidst rising insurance and property management costs across the nation, the U.S. Department of Housing and Urban Development (HUD) today announced the latest change to help housing providers maintain affordable rents while…
EDA: U.S. Economic Development Administration Reauthorized by Congress for First Time in 20 Years
Bipartisan legislation will modernize the EDA and other regional commissions whose mission is to spur economic growth in communities across the country The U.S. Department of Commerce’s Economic Development Administration (EDA) celebrates its historic reauthorization by Congress, allowing it to continue its legacy of promoting American innovation and competitiveness by providing grants and support to communities across…
CFPB: Major Actions Taken on Bait-and-Switch Credit Card Rewards Tactics
Agency warns companies against illegal devaluation of rewards and other unlawful practices, highlights issues with retail credit cards, and launches a tool to help find cards with lower rates The Consumer Financial Protection Bureau (CFPB) announced major actions today to protect consumers from illegal credit card practices and help people save money on interest and…
CFPB: Indian Health Service and CFPB Issue Joint Letter Regarding Protecting Approved Purchased or Referred Care Program Patients from Improper Bills
The Consumer Financial Protection Bureau (CFPB) and the Indian Health Service (IHS) remind you of your responsibilities to protect IHS-approved purchased/referred care (PRC) program patients from improper bills and collection on improper bills under the Indian Health Care Improvement Act (IHCIA),1 the Fair Debt Collection Practices Act (FDCPA),2 and the Fair Credit Reporting Act (FCRA).3 Today, the…