SBA: New Report Reveals Historic Surge in Small Business Financing
Dramatic FY24 Growth Driven by Small-Dollar 7(a) Loans and Loans to Women, Black, and Latino Entrepreneurs Today, Vice President Kamala Harris and 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(Link is external) that the SBA delivered a transformative $56 billion…
HUD and Census Bureau: New Residential Sales Report for September 2024 Released
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for September 2024: New Home SalesSales of new single-family houses in September 2024 were at a seasonally adjusted annual rate of 738,000, according to estimates released jointly today by the U.S. Census Bureau and…
HUD: New Partnership Announced with North Carolina Central University to Strengthen America’s Fair Housing Workforce
Partnership with North Carolina Central University’s School of Law will advance fair housing enforcement across America and develop the next-generation of policy and litigation leaders. The U.S. Department of Housing and Urban Development (HUD) today announced a new partnership with North Carolina Central University (NCCU), a public historically Black university (HBCU), to address housing bias and…
CDFI Fund: $246.4 Million in Capital Magnet Fund Awards Announced to Support Development of 26,400 Affordable Housing Units
Awards will result in more than 26,400 affordable housing units across the country, including more than 25,600 rental units and more than 750 homeownership units. The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today awarded 48 organizations $246.4 million for the development of affordable housing and community facilities serving low-income…
ABA: South Carolina Banker Elected as Chair of ABA’s Community Bankers Council
The American Bankers Association has elected Jennifer T. Jones as chair of ABA’s Community Bankers Council for the 2024-2025 association year. Jones is president and CEO of CBL State Savings Bank, a 117-year-old institution headquartered in Greer, S.C. The Community Bankers Council consists of bank presidents and CEOs from across the country. Members meet twice…
FEMA: President Biden Approves Major Disaster Declaration for Nebraska
FEMA announced that federal disaster assistance is available to the state of Nebraska to supplement recovery efforts in the areas affected by severe storms, straight-line winds, tornadoes and flooding on July 31, 2024. Federal funding is available to state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency work and…
FEMA: President Biden Approves Major Disaster Declaration for New York
FEMA announced that federal disaster assistance is available to the state of New York to supplement recovery efforts in the areas affected by severe storms and flooding on Aug. 18-19, 2024. Federal funding is available to state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency work and the repair…
HUD: $750,000 Invested to Modernize Rental Homes for Waldorf, MD Families
Newly closed Green and Resilient Retrofit Program transaction will fund crucial repairs and energy efficiency and climate resilience improvements. Today, the U.S. Department of Housing and Urban Development’s (HUD) announced the closing of a $750,000 transaction to help finance energy efficiency and climate resilience improvements for affordable rental homes in Waldorf, MD, home to 204…
CFPB: Personal Financial Data Rights Rule Finalized to Boost Competition, Protect Privacy, and Give Families More Choice in Financial Services
Rule will help lower prices on loans and empower people to more easily fire financial companies that provide bad service Today, the Consumer Financial Protection Bureau (CFPB) finalized a rule that will give consumers greater rights, privacy, and security over their personal financial data. The rule requires financial institutions, credit card issuers, and other financial providers to…
ABA: Next Generation of Bank Leaders Recognized with 2024 Emerging Leader Awards
The American Bankers Association today announced the 2024 recipients of its annual ABA Emerging Leader Awards. These awards recognize the next generation of bank leaders who are committed to the highest standards of achievement and service to both their industry and their local communities. “This year’s ABA Emerging Leaders are an impressive group of rising stars…