SBA: Hurricane Ida Assistance Tops $110 Million
SBA Disaster Relief is Reaching Small Businesses, Homeowners, Renters, and Nonprofits Across Impacted States Isabella Casillas Guzman, Administrator of the U.S. Small Business Administration (SBA) announced today that the agency has delivered more than $110 million in disaster rescue funds to small businesses, homeowners, renters, and nonprofit organizations recovering from damages caused by Hurricane Ida earlier this…
HUD: Upcoming HUD-Held Single Family Note Sale Emphasizes Nonprofit Participation
Competitive bid sale provides priority bidding to nonprofit organizations and units of state and local government. The U.S. Department of Housing and Urban Development’s Office of Asset Sales announced on Thursday that it will conduct a competitive bid HUD-held vacant note sale (HVLS 2022-1) on November 10, 2021. The sale will include approximately 1,730 reverse mortgage…
HUD: More Than $36 Million Awarded to Support Public Housing and Native American Residents in Achieving Economic and Housing Stability
Today, the U.S. Department of Housing and Urban Development (HUD) announced the award of $36.9 million to public housing authorities, public housing resident associations, Native American tribes, and nonprofit organizations across the nation. Grantees will use these Resident Opportunity and Self-Sufficiency (ROSS) grant funds to hire and/or retain Service Coordinators to assist public and Native…
SBA: $200 Billion Milestone Reached for Economic Injury Disaster Loan Program to Small Businesses and Non-Profits
Today, the U.S. Small Business Administration reached a milestone in the success of the COVID-19 Economic Injury Disaster Loan (EIDL) program, which has provided U.S. small businesses, non-profits, and agricultural businesses a total of $200 billion in emergency funding. “Following the enactment of COVID-19 emergency legislation, the SBA has now provided more than 3.7 million small businesses…
SBA: PPP Re-Opening and New Guidance Announced
The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday,…
HUD: $10 Million in “Sweat Equity” Grants Announced
Grants help hundreds of families work alongside non-profits to build their homes and achieve homeownership The U.S. Department of Housing and Urban Development (HUD) today awarded $10 million in “sweat equity” grants to four non-profit self-help housing organizations which will create at least 536 affordable homes for hard-working, low-income families and individuals. Funded through HUD’s…
Federal Reserve: Main Street Lending Program Modified to Provide Greater Access to Credit for Nonprofit Organizations
The Federal Reserve Board on Friday modified the Main Street Lending Program to provide greater access to credit for nonprofit organizations such as educational institutions, hospitals, and social service organizations. As detailed in term sheets released today, the Board approved two new loan options to provide support to a broad set of nonprofit organizations that…