HUD: Agency Reaffirms Its Commitment to Community Living for Individuals with Disabilities

Commitment Marks Disability Pride Month and the 32nd Anniversary of the Americans with Disabilities Act July marks the 2022 celebration of Disability Pride Month and the 32nd anniversary of the Americans with Disabilities Act, a comprehensive civil rights law for persons with disabilities. The U.S. Department of Housing and Urban […]

FDIC: List of Banks Examined for CRA Compliance Issued

The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in April 2022. The CRA is a 1977 law intended to encourage insured banks and […]

Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies

Federal bank regulatory agencies today made available the 2022 list of distressed or underserved nonmetropolitan middle-income geographies. These are geographic areas where revitalization or stabilization activities are eligible to receive Community Reinvestment Act (CRA) consideration pursuant to the definition of community development under the agencies’ regulations. Visit the Federal Financial […]

CDFI Fund: Updated Program Eligibility Information to be Released based on 2016-2020 American Community Survey Census Bureau Data

The Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has established a plan for releasing updated program eligibility information based upon Census Bureau data from the 2016-2020 American Community Survey (ACS). Eligibility requirements for the Bank Enterprise Award Program (BEA Program), Capital Magnet Fund (CMF), Community Development […]

FEMA: President Biden Approves Major Disaster Declaration for Oklahoma

FEMA announced today that federal disaster assistance has been made available to the state of Oklahoma to supplement state, tribal and local recovery efforts in the areas affected by a severe storm, tornadoes and flooding, May 2-8, 2022. The President’s action makes federal funding available to affected individuals in Adair, Cherokee, […]

HUD: Rental Assistance Demonstration Conversion Transaction Closed as Part of a Neighborhood Redevelopment Plan in Baltimore, MD

$27.8 million transaction with the Housing Authority of Baltimore City and the City of Baltimore includes the development of 93 new affordable rental homes and is part of the neighborhood redevelopment plan for Baltimore’s Perkins-Somerset-Oldtown community The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing on June […]

HUD: Rental Assistance Demonstration Conversion Closed with Miami-Dade County Public Housing & Community Development

$34.5 million construction investment transaction to renovate senior community of 240 homes at Haley Sofge is part of a five-project redevelopment, preserving and developing 1,055 units of affordable rental homes The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing on June 30, 2022 closed a Rental […]

CFPB: Special Regulatory Treatment for Payactiv Rescinded

Termination Follows Request by Company in Order to Change its Product The Consumer Financial Protection Bureau (CFPB) issued an order today terminating Payactiv’s Sandbox Approval Order relating to its earned wage access products. The CFPB had given Payactiv special regulatory treatment, including as to liability under a relevant federal consumer […]