FDIC: Advisory Committee on Economic Inclusion to Meet on May 24th
One New Member also Announced The Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Economic Inclusion (ComE–IN) will meet on Wednesday, May 24, 2023, to discuss updates from Committee members about key challenges facing their communities or organizations. There will also be panel discussions on opportunities for entities that administer government benefit programs to harness…
SBA: 2023 Growth Accelerator Fund Competition Stage One Winners Announced
Opportunity for organizations to partner with Stage One winners in Stage Two for up to $5 million in total additional prizes to strengthen innovation ecosystems nationwide Today, Administrator Isabella Casillas Guzman announced the U.S. Small Business Administration (SBA) 2023 Growth Accelerator Fund Competition Stage One “Catalyze” winners to fund and build strategic ecosystem partnerships for forty organizations across the…
HUD: FHA Finalizes Policies to Expedite Claims Processing for Home Equity Conversion Mortgages
New policies are expected to shorten the timeframe for mortgagees to receive Home Equity Conversion Mortgage assignment funds. Today, the Federal Housing Administration (FHA) is announcing new policies that will allow for faster payment of funds to mortgagees when they assign a Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage, to HUD. The changes…
HUD: New Details Announced for 2023 Innovative Housing Showcase
General public invited to visit the Showcase on the National Mall June 9 – 11 U.S. Department of Housing and Urban Development (HUD) and National Association of Home Builders (NAHB) today announced new details regarding the Innovative Housing Showcase, including the first round of exhibitors. The Showcase will be an open-to-the-public event on the National…
FHFA: Input Requested on the Enterprises’ Single-Family Pricing Framework
Today, the Federal Housing Finance Agency (FHFA) issued a Request for Input (RFI) on Fannie Mae and Freddie Mac’s (the Enterprises) single-family pricing framework. The RFI solicits public feedback on the goals and policy priorities that FHFA should pursue in its oversight of the pricing framework. FHFA also seeks input on the process for setting…
EDA: Global Delegation to Visit Greater Seattle Region for Americas Competitiveness Exchange
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA), in coordination with the U.S. Department of State and the Organization of American States (OAS), announced that 50-60 senior-level government, business, policy and economic leaders from 22 countries will participate in the 16th Americas Competitiveness Exchange (ACE) in the greater Seattle, Washington, region May 14-19,…
EDA: First Economic Development District Designated in Puerto Rico
Today, U.S. Deputy Secretary of Commerce and Puerto Rico Economic Growth CoordinatorDon Graves announced that the Department’s Economic Development Administration (EDA) has designated the first regional Economic Development District (EDD) in Puerto Rico, the Southern Puerto Rico Economic Development District (SPREDD). “President Biden is committed to ensuring that no community or demographic group is excluded from…
SBA: Virtual Military Spouse Entrepreneur Summit Scheduled for May 25th
The U.S. Small Business Administration’s Office of Veterans Business Development will host a virtual Military Spouse Entrepreneur Summit in collaboration with the U.S. Chamber of Commerce Foundation’s Hiring Our Heroes on Thursday, May 25, from 1-3:30 p.m. ET. This event furthers the priorities set forth by First Lady Jill Biden’s Joining Forces initiative. This free event will connect military spouses with…
SBA: Second Annual America’s Seed Fund Week Connecting Entrepreneurs to Early-Stage R&D Funding Announced
America’s Seed Fund Week brings together tech startups and America’s Seed Fund agencies and resources to support economic growth Today, 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, announced the 2nd annual America’s Seed Fund Week. Taking place from May 15 – 18, the…
FHFA: Rescission of Enterprise Upfront Fees Based on Debt-to-Income (DTI) Ratio Announced
Agency to also issue Request for Input on the Enterprise single-family pricing framework The Federal Housing Finance Agency (FHFA) today announced that it has rescinded the upfront fees based on borrowers’ DTI ratios for loans acquired by Fannie Mae and Freddie Mac (the Enterprises). FHFA announced in March it would delay implementation in order to engage with…