HUD: PAVE Task Force Announces New Actions to Address Appraisal Bias
Today, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE), co-chaired by U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge and White House Domestic Policy Advisor Neera Tanden, announced a set of meaningful actions to deliver on the PAVE Action Plan and ensure that every American who buys a…
HUD: Agency Commemorates National Homeownership Month with Launch of Housing Counseling Awareness Campaign
Secretary Fudge announces June 10 House Party 2.0: “Make Home the Goal” on the National Mall “Let’s Make Home the Goal” campaign highlights the benefits of housing counseling and supports efforts to close the racial homeownership gap As declared by President Biden’s Presidential Proclamation, the month of June is commemorated as National Homeownership Month. The U.S….
OCC: Acting Comptroller Discusses Financial Inclusion
Acting Comptroller of the Currency Michael J. Hsu today discussed the Office of the Comptroller of the Currency’s (OCC) commitment to a fair and inclusive financial system in remarks at the Bank On National Conference. In his remarks, the Acting Comptroller discussed progress made by the CFE Fund and Bank On partners in improving access…
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…
EDA: $729,560 Invested to Boost Minority-Owned Business Growth in Mobile, AL
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $729,560 grant to Vivian’s Door, Mobile, Alabama, to provide technical assistance to minority-owned and distressed local businesses. This grant will support the Vivian’s Door Initiative to continue to build the capacity of small business owners, with a focus on marginalized and underserved…
FEMA: Deadline Extended for HBCU & Minority-Serving Institutions Summer Internship Program; Now Open to Tribal Colleges
FEMA is extending the application deadline for its Summer 2023 Minority Serving Institutions Internship, and will open the program to tribal colleges. The deadline to apply for this opportunity has been extended to April 28, 2023, and the applicant pool will include students from tribal colleges and universities as well as Historically Black Colleges and Universities and…
SBA: Rules Implemented to Address Persistent Capital Access Gaps
Loan program updates will advance equity for rural, veteran, women, and minority-owned businesses The U.S. Small Business Administration has finalized two rules to address persistent gaps in access to capital impacting small business owners in underserved communities as part of the Biden-Harris Administration’s effort to grow the economy from the middle out and bottom-up, not…
CDFI Fund: More than $1.73 Billion Awarded in Response to Economic Impacts Caused by COVID-19 Pandemic
Funding will aid those communities experiencing disproportional economic effects of the pandemic Washington, DC – Today, Vice President Kamala Harris and Deputy Secretary of the Treasury Wally Adeyemo announced that the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has awarded over $1.73 billion in grants to 603 Community Development Financial Institutions…
SBA: America’s Women Entrepreneurs Recognized During the SBA Second Annual Women’s Business Summit
In honor of Women’s History Month, the U.S. Small Business Administration (SBA) held a two-day Women’s Business Summit on March 28-29, 2023, which drew more than 10,000 participants. Attendees heard from President Biden, Administrator Isabella Casillas Guzman, the Senate Small Business Committee Chair Sen. Ben Cardin (D-MD), the House Small Business Committee Ranking Member Rep. Nydia Velazquez…
FHFA: Updated Equitable Housing Finance Plans for Fannie Mae and Freddie Mac Announced
Agency also releases updated Enterprise fair lending data The Federal Housing Finance Agency (FHFA) today announced updates to Fannie Mae and Freddie Mac’s (the Enterprises) Equitable Housing Finance Plans for 2023. The updates build upon the inaugural plans first announced last year and make adjustments based on initial research and findings. The Equitable Housing Finance…