Regulatory Agenda Published, CDC Board Training Takes Off and More | 24 June 2015 | NADCO NewsBriefs
Wednesday, June 24, 2015
Posted by: Heather McNelis
Semiannual Regulatory Agenda Now Available
U.S. SBA | 23 June 2015
On Thursday, June 18, 2015, SBA published their Semiannual Regulatory Agenda in the Federal Register (Vol. 80, No. 117). It includes a brief summary of all current and projected rulemakings of the SBA. The agenda includes:
Affiliation for Business Loan Programs and Surety Bond Guarantee Program – proposed rule to simplify the consideration of affiliates, which may own minority stakes in multiple businesses so that more businesses could be identified as “small” and therefore eligible for SBA financial assistance, expected to post for public comment July, 2015.
Loan Program Miscellaneous Amendments – minor modifications to the 504 Loan Program and governance rules for CDCs as a follow-on to the Final Rule, expected to post for public comment October, 2015.
Agent Revocation and Suspension Procedures – final rule that will include procedural changes to SBA’s process for revocation of the privilege of agents to conduct business with the Agency, expected to post November, 2015.
Small Business Size Standards: Alternative Size Standards for 7(a), 504, and Disaster Loan Programs – amendment to size eligibility criteria for business loans, community development loans, and economic injury disaster loans, expected to post for public comment November, 2015.
To view the full Federal Register Notice, click here
Thank You, Members, for Your Interest in New CDC Board of Directors Training!
NADCO Training | 24 June 2015
After launching our first-ever CDC Board of Directors training, multiple CDCs have chosen to enroll their entire boards in the training! Way to go, CDC members! This new NADCO training is designed for CDC board members and management to understand Title 13 CFR Section 120.823, a new regulation related to board governance and CDC oversight responsibilities. Email email@example.com to set up board member accounts or register your board members here.
SBA Seeking Financial / Loan Specialist for Washington, D.C. 504 Job Vacancy
U.S. SBA | 20 June 2015
Qualifications include one year of specialized experience (equivalent to the GS-12 grade level in the Federal service) obtained in either the private or public sector reviewing policy and recommending eligibility and credit standards affecting small business concerns; conducting complex analysis and evaluation of loan applications and of nonprofits for lender certification and statuses; and more. View the posting.
CDFI Fund to Hold National Listening Tour: “Framework for the Future”
CDFI Fund | 24 June 2015
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today a national listening tour to solicit public opinion regarding a new strategic framework for the CDFI Fund. Specific topics will include program effectiveness, access, innovation and scaling, customer service, data, and blind spots. The CDFI Fund will use input from the sessions to help develop strategic objectives that will guide the CDFI Fund over the course of the next several years. Click for dates and locations.
Six Days Left Before Third Quarter NADCO Dues Are Past Due
NADCO | 17 June 2015
It'd be great if you didn't pay late! Please make sure that your CDC has submitted its third quarter payment by June 30, 2015. If you are not sure if you are current on your FY 2014-2015 dues, or you do not know how to check, please reach out to NADCO. Phone: (202) 349-0070 | Email: firstname.lastname@example.org.
Liquidation Module 1 Available Now! Stay Tuned for Announcement Tomorrow
NADCO Training | 17 June 2015
One liquidation can cause a CDC to incur significant costs. Minimize your risk by taking the first module, called "The Liquidation Decision," in a nine-part series on liquidation. Attendees will receive in-depth information on the following topics: problem loan monitoring; payment default, acceleration, liquidation and debenture purchases; debenture purchase decision and scenarios; debenture purchase requests; making demands; and SBA timelines and deadlines. Learn more.
Capital Access Groups Funds New Space for Anne Phillips Architecture
Digital Journal | 23 June 2015
Congratulations to Capital Access Group on their borrower Anne Phillips Architecture’s recently acquired Oakland, CA building, purchased with 504 financing. Founded in 1995, Anne Phillips Architecture is an award-winning, design-oriented architecture firm that provides a full range of residential and commercial services for nonprofit organizations and private clients with a focus on large residential buildings and affordable housing projects.
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