Search Results for keywords:"low-income communities"

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Search Results: keywords:"low-income communities"

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  • 2021-03695 — Data Collection Available for Public Comments
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    Type:Notice
    Citation:86 FR 11041
    Reading Time:about 2 minutes

    The Small Business Administration (SBA) is inviting public comments on their request to collect information from businesses seeking financial assistance through the COVID-19 Economic Injury Disaster Loan (EIDL) Targeted Advance program. This initiative aims to support eligible small businesses in low-income communities impacted by the pandemic by providing financial aid. Public feedback is sought on several aspects, including the necessity of the information collection and ways to enhance its quality and reduce the burden on respondents. Comments should be submitted by April 26, 2021.

    Simple Explanation

    The Small Business Administration wants people to share their thoughts about a plan to gather information from small businesses that need help because of COVID-19. They want to know if gathering this information is important and if it can be made easier for the businesses giving it.

  • 2021-03356 — Notice of Funds Availability Inviting Applications for Financial Assistance Awards or Technical Assistance Grants under the Community Development Financial Institutions Program Fiscal Year 2021 Funding Round
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    Type:Notice
    Citation:86 FR 10390
    Reading Time:about 49 minutes

    The Community Development Financial Institutions Fund (CDFI Fund) of the Treasury Department is inviting applications for financial assistance and technical assistance grants under the CDFI Program for the fiscal year 2021. The program offers Financial Assistance (FA) awards up to $1 million and Technical Assistance (TA) grants up to $125,000 to eligible Community Development Financial Institutions to enhance their financial and organizational capacities. These awards prioritize low-income communities lacking access to affordable financial services. The application process requires compliance with specific federal regulations and submission deadlines via Grants.gov and the AMIS portal.

    Simple Explanation

    The government is giving money to special banks called CDFIs to help them become better at helping people who have a hard time getting money from regular banks. Some CDFIs can get up to $1 million, and smaller ones can get $125,000, but they have to follow certain rules to get this money.