HUD: Regional House Parties Across the Country Scheduled to Increase Homeownership
Today, the U.S. Department of Housing and Urban Development (HUD) announced during the final week of the initiative HUD On the Road: August 2023, the agency is rounding out the month with their work around boosting homeownership through HUD House Parties across the country. “HUD on the Road” aims to make HUD more accessible, supporting those…
HUD and FCC Partner to Promote Affordable Internet Access for Low-Income Communities
Goal is to Encourage Participation in the Affordable Connectivity Program Among Families Receiving Federal Housing Assistance The Federal Communications Commission and the U.S. Department of Housing and Urban Development (HUD) formalized a partnership to promote awareness of the Affordable Connectivity Program (ACP) among federal housing assistance recipients. HUD Secretary Marcia L. Fudge announced the partnership…
SBA: 10th Annual National Veterans Small Business Week Scheduled for October 30th through November 3rd
The U.S. Small Business Administration (SBA) announced today that it will celebrate National Veterans Small Business Week (NVSBW) for the tenth consecutive year. The week-long event will take place Oct. 30-Nov. 3, 2023, and includes in-person and virtual events highlighting the nation’s nearly two million Veteran-owned small businesses. “This year marks our tenth celebration of National Veterans…
Agencies to Host Roundtable on Special Purpose Credit Programs on September 12th
Four federal agencies will host a roundtable discussion September 12, 2023, at 3:00 p.m. EDT regarding the availability of special purpose credit programs to help meet the credit needs of eligible individuals. The event will be open to the public via livestream. U.S. Department of Housing and Urban Development Secretary Marcia L. Fudge, Acting Comptroller…
SBA: Extension of Moratorium on 8(a) Eligibility Requirement Announced
A Bona Fide Place of Business moratorium will increase the opportunity for small and disadvantaged businesses to expand and grow their businesses Today, on her first day of a multi-city Alaska trip, U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced the extension of the 8(a) Business Development Bona Fide Place of Business (BFPOB) Requirement Moratorium through…
ABA: Foundation Encourages Banks to Host 13th Annual Lights, Camera, Save! Teen Video Contest
Popular National Competition Promotes Financial Education The American Bankers Association Foundation is urging banks across the country to participate in its upcoming Lights, Camera, Save! video competition that runs from Oct. 1 to Dec. 1. Lights, Camera, Save! is a national contest that encourages teens to use video to communicate the value of sound money management. The…
SBA: Interim Guidance Released for 8(a) Program Participants in Light of Recent Lower Court Ruling
Today, the U.S. Small Business Administration released interim guidance regarding the 8(a) Business Development Program in light of a United States District Court ruling in Ultima Servs. Corp. v. Dep’t of Ag. affecting the program’s determination of social disadvantage. The updated interim guidance for 8(a) Program participants and applicants can be found on the SBA’s website here. The SBA, in…
SBA: Implementation Announced for Transformational SBIC Program Reforms
Reforms of SBA’s Small Business Investment Company Address Gaps in Equity and Debt Financing for Underserved and Undercapitalized Small Businesses Effective August 17 Administrator Isabella Casillas Guzman announced the U.S. Small Business Administration (SBA) Small Business Investment Company’s (SBIC) Diversification and Growth Final Rule is effective today. Under the new rule, which supports the Biden-Harris Administration’s economic and…
HUD: Changes Approved to Housing Choice Voucher Program to Accelerate Homelessness Solutions in Los Angeles
Today, the U.S. Department of Housing and Urban Development (HUD) approved requests by the Housing Authority of the City of Los Angeles and the Los Angeles County Development Authority to modify Housing Choice Voucher Program admissions requirements to expedite their efforts to help people experiencing homeless. “HUD is committed to supporting every community’s effort to…
FHFA: Results of Fannie Mae and Freddie Mac Dodd-Frank Act Stress Tests Announced
The Federal Housing Finance Agency (FHFA) today released a report providing the results of the annual stress tests that Fannie Mae and Freddie Mac (the Enterprises) are required to conduct under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). As amended, the Dodd-Frank Act requires certain financial institutions with more than $250…