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HUD TO CONNECT LOW-INCOME WORKERS WITH JOB OPPORTUNITIES NATIONWIDE

HUD TO CONNECT LOW-INCOME WORKERS WITH JOB OPPORTUNITIES NATIONWIDE

WASHINGTON– U.S. Department of Housing and Urban Development (HUD) Secretary Julián Castro announced new changes to strengthen a federal program called “Section 3” that directs jobs and training to low-income workers and connects businesses that hire them with HUD-funded contracting opportunities.  The initiative would increase Read more
SBA Launches Business Challenge for Innovations That Empower Women’s Lives

SBA Launches Business Challenge for Innovations That Empower Women’s Lives

Washington, DC- Addressing the needs of women and the role they play in America’s  economy, the U.S. Small Business Administration has launched a nationwide competition for entrepreneurs who are developing products and services that will enhance the lives of women and their families. “The landscape of the U.S. economy has evolved drastically Read more
Why Businesses Should Borrow Using Credit Cards

Why Businesses Should Borrow Using Credit Cards

By:  Ari Page I never advocate that anyone borrow just to borrow. But if you need capital to make payroll or invest in something that you know will reap a short-term profit, then you need access to capital. In the past few years, even though money has been tight, there have always been options. Banks [...] Read more
REAP Program Reduces Energy Costs for Small Businesses

REAP Program Reduces Energy Costs for Small Businesses

WASHINGTON, Feb. 10, 2015 – Agriculture Secretary Tom Vilsack announced that rural agricultural producers and small business owners can now apply for resources to purchase and install renewable energy systems or make energy efficiency improvements. These efforts help farmers, ranchers and other small business owners save money on their energy Read more
Impact Investment Fund Grows Threefold

Impact Investment Fund Grows Threefold

WASHINGTON–The U.S. Small Business Administration (SBA) announced today that the Impact Investment Fund of the Small Business Investment Company (SBIC) program has tripled in the last 12 months. “Capital investment in some sectors, geographies and industries is still lower than you would expect and like. Through the Impact Investment Fund, Read more
HUD-VA PROGRAM THAT SERVES HOMELESS VETERANS TO EXPAND INTO NATIVE AMERICAN COMMUNITIES FOR THE FIRST TIME

HUD-VA PROGRAM THAT SERVES HOMELESS VETERANS TO EXPAND INTO NATIVE AMERICAN COMMUNITIES FOR THE FIRST TIME

HUD-VASH vouchers in Indian Country will build on national effort to end Veteran homelessness WASHINGTON – Today the U.S. Department of Housing and Urban Development (HUD) announced that the HUD and U.S. Department of Veterans Affairs (VA) program that helps homeless veterans find permanent supportive housing will, for the first time, expand Read more
Freddie Mac Supported Industry With More Than $28 Billion Mostly Affordable

Freddie Mac Supported Industry With More Than $28 Billion Mostly Affordable

MCLEAN, VA—  Freddie Mac announced today that it had another strong year with $28.3 billion in loan purchase and bond guarantee volume for its multifamily business in 2014, up 10 percent from $25.9 billion the previous year. This was the second largest year of multifamily purchases in the company’s history. New business volume Read more
FHA Announces Reverse Mortgage Foreclosure Alternative

FHA Announces Reverse Mortgage Foreclosure Alternative

Guidance allows lenders to assign loan to HUD and keep non-borrowing spouse in the home   WASHINGTON – The Federal Housing Administration (FHA) today issued a new policy under its Home Equity Conversion Mortgage (HECM) Program giving FHA-approved lenders the option to delay calling HECMs with eligible  ‘non-borrowing spouses’ due and Read more
FHA TO REDUCE ANNUAL INSURANCE PREMIUMS

FHA TO REDUCE ANNUAL INSURANCE PREMIUMS

WASHINGTON – U.S. Housing and Urban Development Secretary Julián Castro today announced the Federal Housing Administration (FHA) will reduce the annual premiums new borrowers will pay by half of a percent.  This action is projected to save more than two million FHA homeowners an average of $900 annually and spur 250,000 new homebuyers to Read more
Provident bank Foundation Offering Funds to Build Stronger Communities

Provident bank Foundation Offering Funds to Build Stronger Communities

The Provident Bank Foundation is committed to enhancing the quality of life in New Jersey and Pennsylvania communities in Provident Bank’s marketplace. Since its founding in 2003, the Provident Bank Foundation has granted more than $19 million to not-for-profit organizations and institutions working toward stronger communities. The Provident Read more

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