CDFI Fund: Important Reminders for FY 2018 CDFI Program and NACA Program Round Applicants
As a reminder for fiscal year (FY) 2018 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) applicants, the deadline for online submission of the SF-424 through Grants.gov for this year’s CDFI Program and NACA Program funding rounds is Friday, March 2, 2018 at 11:59 PM ET. The deadline…
FDIC: Encouraging Consumers of All Ages to Set and Achieve Savings Goals
The Federal Deposit Insurance Corporation (FDIC) today is encouraging people to use America Saves Week as an opportunity to develop, or review their progress toward, financial goals. FDIC Chairman Martin J. Gruenberg said, “During America Saves Week, financial institutions and their community partners collaborate to help people of all ages develop and achieve savings goals….
FDIC: Saul Schwartz Appointed as New Head of Office of Minority and Women Inclusion
The Federal Deposit Insurance Corporation (FDIC) Friday announced that the Board of Directors has approved the appointment of Saul Schwartz as director of the FDIC’s Office of Minority and Women Inclusion (OMWI). Schwartz has served as acting OMWI director since February 2017. He joined the FDIC in 1989, and previously worked in the legal division…
HUD: FHA Expands Foreclosure Relief for Victims of 2017 Disasters
New options offered to struggling homeowners impacted by hurricanes, wildfires and mudslides WASHINGTON – The Federal Housing Administration (FHA) today announced expanded mortgage relief to FHA-insured homeowners who live or work in areas impacted by Hurricanes Harvey, Irma and Maria as well as California wildfires and subsequent flooding and mudslides. FHA is instructing mortgage servicers…
SBA: Over $1 Billion in Disaster Loans Approved in Puerto Rico
The U.S. Small Business Administration announced that more than $1 billion in low-interest disaster loans has been approved for 28,106 Puerto Rico residents and businesses recovering in the aftermath of Hurricanes Irma and María which struck in September 2017. “Recovery for Puerto Rico has a long way to go. The SBA is still on the…
ABA: 7 Worthwhile Ways to Use Your Tax Refund
Average U.S. taxpayer receives nearly $3,000 refund WASHINGTON – According to the Internal Revenue Service, more than 70 percent of the nation’s taxpayers received a tax refund averaging nearly $3,000 in 2017 and will get a similar amount this year. As Americans receive their refunds along with additional benefits coming from the Tax Cuts and…
SBA: Administrator Appoints New Regional Regulatory Fairness Board Members
Three small business owners from Louisiana, Maine and Alaska respectively have been appointed to serve on the U.S. Small Business Administration’s Regional Regulatory Fairness Boards by SBA Administrator Linda McMahon. Regional Regulatory Fairness Boards in all 10 of SBA’s regions represent the voice of small businesses on regulatory fairness. Each board is comprised of five…
HUD: $35 Million Awarded to Promote Jobs, Self-Sufficiency for Public Housing Residents
In an effort to help low-income residents become self-sufficient, the U.S. Department of Housing and Urban Development (HUD) today awarded $34.9 million to public housing authorities, public housing resident associations, Native American tribes, and non-profit organizations across the nation to hire or retain service coordinators to help them find jobs, educational opportunities, and achieve economic…
SBA: Administrator Appoints New Members to Advisory Committee on Veterans Business Affairs
SBA Administrator Linda McMahon has named three new members for a three-year term to the Advisory Committee on Veterans Business Affairs. The Committee serves as an independent source of advice and policy recommendations to the SBA Administrator, the Associate Administrator of the Office of Veterans Business Development, Congress, the President and other U.S. policy makers under Section…