Census Bureau: Final 2020 Census Data Product Released
New Product Provides Average Household Size and Counts of People Living in Certain Types of Households The U.S. Census Bureau today released the Supplemental Demographic and Housing Characteristics File (S-DHC). The S-DHC — the final 2020 Census data product to be released — combines the characteristics of households and the people living in them. The data…
CDFI Fund: $5 Billion in New Markets Tax Credits Announced
Awards will Spur Economic and Community Development in Low-Income Urban, Rural and Tribal Communities Nationwide The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today announced $5 billion in New Markets Tax Credits that will spur investment and economic growth in low-income urban and rural communities nationwide. A total of 104…
CDFI Fund: $40.1 Million Awarded to Banks Investing in Severely Distressed Communities
Recipients Demonstrate Increased Lending and Services Exceeding $380 Million to Nation’s Most Economically Challenged Areas The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today announced $40.1 million in awards to 171 FDIC-insured banks through the fiscal year (FY) 2024 round of the Bank Enterprise Award Program (BEA Program), for increasing…
OCC: Mortgage Performance Report for Second Quarter 2024 Released
The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the second quarter of 2024. The OCC Mortgage Metrics Report, Second Quarter 2024 showed that 97.3 percent of mortgages included in the report were current and performing at the end of the quarter, a decrease…
FEMA: President Biden Approves Major Disaster Declaration for Louisiana
FEMA announced that federal disaster assistance is available to the state of Louisiana to supplement recovery efforts in the areas affected by Hurricane Francine from Sept. 9-12, 2024. The President’s action makes federal funding available to affected individuals in Ascension, Assumption, Lafourche, St. Charles, St. James, St. John the Baptist, St. Mary and Terrebonne parishes….
HUD: $87 Million Announced to Address Health Hazards in Public Housing
Funding will decrease the risk of long-term health complications from residential health hazards for Americans Today, the U.S. Department of Housing and Urban Development (HUD) announced more than $87 million for public housing agencies to evaluate and reduce residential health hazards in public housing, including lead-based paint, carbon monoxide, mold, radon, and fire safety. Through…
HUD: Housing Counseling Services Expanded to More Americans
The Department celebrates Housing Counseling by introducing new initiatives, including a partnership with Zillow, and the use of virtual methods to broaden access and reach more Americans seeking housing assistance. Today, the U.S. Department of Housing and Urban Development (HUD) announced a series of new actions to expand housing counseling services and strengthen pathways to…
FDIC: Board of Directors Approve Final Statement of Policy on Bank Merger Transactions
The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a final Statement of Policy on Bank Merger Transactions (Final SOP). The Final SOP addresses the scope of transactions subject to FDIC approval, the FDIC’s process for evaluating merger applications, and the principles that guide the FDIC’s consideration of the applicable statutory factors as…
FHFA: Data Visualization Dashboard Released for Enterprises’ Multifamily Mortgage Acquisitions
The Federal Housing Finance Agency (FHFA) released an interactive tool for tracking data on multifamily mortgages that enables users to review details about loans and properties at both the state and national levels. The tool, known as a data visualization dashboard, provides a more accessible way to view and understand data on multifamily mortgages. It…
EDA: $5.3 Million Invested to Support Small Business Development and Expansion in West Virginia
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is investing $5.3 million in the state of West Virginia to support locally-driven infrastructure, workforce development, and technical assistance strategies. The EDA investments announced today are: “The Biden-Harris Administration is investing in communities across West Virginia and the entire country because…