HUD: Fair Housing Guidance Issued on Applications of Artificial Intelligence
Department recommends best practices to prevent discriminatory uses of artificial intelligence in tenant screening and advertising of housing and housing-related services Today, the U.S. Department of Housing and Urban Development (HUD) released two guidance documents addressing the application of the Fair Housing Act to two areas in which the use of artificial intelligence poses particular…
HUD: Nearly $900 Million Announced to Make Low-Income Families’ Homes Safer and Healthier
Funding supports President Biden’s plan to address residential health hazards, including lead paint, carbon monoxide, mold, radon, fire safety, and asbestos. Today, the U.S. Department of Housing and Urban Development (HUD) announced nearly $90 million available to reduce residential health hazards for low-income families, including lead-based paint hazards, carbon monoxide, mold, radon, fire safety, and asbestos,…
FHFA: Report Issued on Enterprise Single-Family Guarantee Fees in 2022
he Federal Housing Finance Agency (FHFA) today issued its annual report on single-family guarantee fees charged by Fannie Mae and Freddie Mac (the Enterprises). Guarantee fees are intended to cover the expected credit losses, administrative costs, and cost of capital that the Enterprises incur when they acquire single-family loans from lenders. The report analyzes loans…
ABA: New Banker Guide Released to Drive Community Engagement and Advance Inclusive Economic Solutions
The ABA Foundation today released “Community Conversations: Keys to Engaging Communities and Driving Inclusive Economic Solutions,” a new guide designed to help banks deepen their partnerships with community stakeholders and foster new cross-sector strategies to move people along the path to economic mobility and prosperity. The new resource offers a community engagement assessment to help bankers reflect…
FEMA: President Biden Approves Major Disaster Declaration for Oklahoma
FEMA announced that federal disaster assistance is available to the state of Oklahoma to supplement recovery efforts in the areas affected by severe storms, straight-line winds, tornadoes and flooding beginning on April 25, 2024 and continuing. The President’s action makes federal funding available to affected individuals in Hughes, Love and Murray counties. Assistance can include grants…
Census Bureau: New Justice Outcomes Explorer Data Product Released
The U.S. Census Bureau today released a new experimental data product, the Justice Outcomes Explorer (JOE), that measures the economic and health outcomes of people who were charged with criminal offenses, released from prison, or began probation or parole sentences. The outcomes measured include employment, earnings, government program participation, and mortality. JOE is a collaboration between the…
SBA: New Rule Announced to Increase Economic Opportunity for Returning Citizens
New SBA Rule Will Make it Easier for Returning Citizens to Start and Run a Business, Creating Economic Opportunity and Reducing Recidivism Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33 million small businesses in President Biden’s Cabinet, announced that the Biden-Harris Administration has finalized a new rule…
HUD: New Guidance Issued to Protect Borrowers from Appraisal Bias
Federal Housing Administration’s new Reconsideration of Value policy requires lenders to provide a pathway for borrowers to request reviews of home appraisal valuations. Today, the U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), announced a major new step in the Department’s work to protect borrowers from racial or ethnic…
HUD: Disaster Assistance Announced for Washington Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for the State of Washington and ordered Federal assistance to supplement state, tribal, and local recovery efforts in the areas affected by severe winter storms, straight-line winds, flooding, landslides, and mudslides from January 5 to January 29, 2024….