Combatting Gentrification in The City by the Bay

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Coming in as the seventh most expensive city in which to buy a home, according to Coldwell Banker’s Real Estate Home Listing Report, San Francisco—where the average cost of a 4-bedroom, 2-bathroom house is $1,672,100 and the median household income is $78,378—is home to a housing market that has unabashedly driven out long-time residents and businesses with its skyrocketing property prices.

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SBA Proposes Changes to SBIC Early Stage Program

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Today the U.S. Small Business Administration (SBA) released proposed changes to its SBIC Early Stage Program, a feature of the Small Business Investment Company (SBIC) Program.  SBA has proposed a number of regulatory changes that seek to broaden access to the Early Stage Program and strengthen the impact of SBIC’s on early stage small businesses.

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The Inside Scoop on Small Businesses

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Yesterday, the U.S. Small Business Administration (SBA) Office of Advocacy released an update with new comment letters, Requests for Comments (RFC) and, interestingly, new research. This new research presents an update on the state of small businesses in the increasingly competitive American marketplace.

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HUD Awards over $56 Million for Development Projects in 77 Tribal Communities

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Recently, the U.S. Department of Housing and Urban Development (HUD) awarded $56.5 million to 77 Native American communities throughout the country to improve housing conditions and stimulate community development for residents, including funding construction projects and local jobs. The grants are part of HUD’s Indian Community Development Block Grant (ICDBG) Program, which supports a wide range of community development and affordable housing activities.

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Census Releases New American Community Survey

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Today, the U.S. Census Bureau released new statistics on America’s economy, income, poverty and over 40 other topics from the American Community Survey, providing a detailed look at life as an American. Several states witnessed an increase in income and a decrease in poverty rates between 2014 and 2015. During this period, the percentage of people covered by health insurance increased in all of the largest 25 metros.

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Superfoods to Help Fight Cancer

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With October being National Breast Cancer Awareness Month, it is important to always be up-to-date with the latest health and cancer developments. Courtesy of City of Hope, here are some superfoods with remarkable cancer-fighting benefits. With a slight change in your diet, these foods can have a lasting impact on your health and life.

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Rebecca Steele Cleared With Prejudice in 2008 Financial Crisis

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In October 2013, Rebecca Steele became the only person found liable for their part in the 2008 financial crisis. This verdict was the result of a 2012 civil lawsuit filed by the office of Manhattan U.S. Attorney Preet Bharara against Steele and Bank of America Corp., which alleged that Countrywide Financial Corp.—now owned by Bank of America Corp.—misrepresented the quality of loans it sold to Fannie Mae and Freddie Mac in its 2007 “Hustle” program.

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7 Financial Tips to Help Prepare for a Natural Disaster

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In recognition of National Preparedness Month, it is crucial to prepare yourself and your home for the unexpected. The Independent Community Bankers of America® (ICBA) is reminding Americans about the importance of getting their financial affairs in order and offer tips to help them prepare before a natural disaster strikes.

“Having access to pertinent documents and emergency funds is critical in the days and weeks following a natural disaster,” says ICBA Chairman Rebeca Romero Rainey. “Devising a strategy ahead of time can help alleviate victims from undue pressure during an incredibly stressful time. Doing so will also help minimize financial uncertainty, and limit the long-term impacts from damaged, destroyed or lost financial documents.”

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