Watkins Public Affairs reposted this
Major OMB Guidance Update Announced! 📢 The Biden-Harris Administration recently unveiled substantial revisions to the Office of Management and Budget’s Guidance for Federal Financial Assistance. This is a game-changer for organizations navigating the complexities of federal grants and financial aid, affecting over $1.2 trillion in annual funding across various sectors. Key Highlights: Streamlined Processes: The updates aim to significantly reduce administrative burdens, allowing organizations to focus more on mission outcomes rather than overhead. Increased Transparency: Efforts have been made to make grant announcements clearer and application processes more accessible, particularly for underserved communities. This includes simplifying compliance, reducing unnecessary "prior approvals," and revising Notices of Funding Opportunities (NOFOs) for ease of application. Focus on Impact: There's a new emphasis on using funds for quality evaluation, data analysis, and community engagement to enhance program effectiveness. Equitable Access: The revised guidance seeks to remove barriers to entry, making it easier for all communities to access vital funding and support. Implementation & Impact: Set to be implemented by October 1, 2024, these changes reflect extensive feedback from a wide range of stakeholders and a review of over 3,200 public comments. The guidance is part of a broader strategy to ensure federal assistance is efficient, effective, and reaches those most in need, marking the most substantial update to the Uniform Grants Guidance in a decade. For Grant Seekers & Administrators: This overhaul is designed to empower organizations, communities, and individuals by simplifying access to federal funds and making the whole process more transparent. Whether you’re a nonprofit, local government, tribal organization, or educational institution, these changes are poised to make a significant impact on how you seek and manage federal assistance. #Grants #FederalFunding #OMBGuidance #Nonprofits #PublicService #CommunityDevelopment