Federal Reserve: Applications Solicited for Membership on the Community Advisory Council
The Federal Reserve Board announced on Monday that it is accepting applications from individuals who wish to be considered for membership on the Community Advisory Council, or CAC, which advises the Board on issues affecting consumers and communities. The CAC is made up of a diverse group of experts and representatives of consumer and community…
CDFI Fund: More than $1.73 Billion Awarded in Response to Economic Impacts Caused by COVID-19 Pandemic
Funding will aid those communities experiencing disproportional economic effects of the pandemic Washington, DC – Today, Vice President Kamala Harris and Deputy Secretary of the Treasury Wally Adeyemo announced that the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has awarded over $1.73 billion in grants to 603 Community Development Financial Institutions…
FEMA: President Biden Approves Major Disaster Declaration for Tennessee
FEMA announced that federal disaster assistance has been made available to the state of Tennessee to supplement recovery efforts in the areas affected by severe storms, straight-line winds and tornadoes from March 31 to April 1, 2023. The President’s action makes federal funding available to affected individuals in Cannon, Hardeman, Hardin, Haywood, Lewis, Macon, McNairy,…
Census Bureau: New Journey-to-Work Report Released
The U.S. Census Bureau today released a report describing trends in working from home before and after the COVID-19 pandemic hit the United States in March 2020. The report, Home-Based Workers and the COVID-19 Pandemic, uses 2019 and 2021 American Community Survey (ACS) 1-year estimates to compare teleworking sociodemographic, geographic and occupational patterns the year before…
HUD: Action Taken to Highlight and Research Land Use and Zoning Reforms
Today, the U.S. Department of Housing and Urban Development (HUD) released a new publication that summarizes the effects of restrictive land use policies on housing supply, location and affordability in addition to highlighting reforms that state and local governments can adopt to increase the supply of housing. This land use and zoning-focused brief is the…
FHFA: Appraisal Subcommittee Hearing on Appraisal Bias Scheduled for May 19th
This will be the second public hearing on appraisal bias held by the ASC The Federal Housing Finance Agency (FHFA) will host the Appraisal Subcommittee (ASC) on Friday, May 19, 2023, for its second public hearing on appraisal bias in coordination with ASC member agencies. The intent of this hearing is to explore the current…
OCC: Minority Depository Institutions Advisory Committee Meeting Scheduled for April 25th; Four New Members Appointed
The Office of the Comptroller of the Currency (OCC) today announced it will host a meeting of the Minority Depository Institutions Advisory Committee (MDIAC) and the appointment of four new MDIAC members. The MDIAC meeting will take place on Tuesday, April 25, 2023. The meeting, which will be held in person and virtually, is open…
ABA: Report Finds Bank Economists Expect Slowing Economic Growth to Tighten Credit Conditions
Bank economists expect credit conditions to weaken over the next six months as economic growth slows and interest rates trend higher, according to the American Bankers Association’s latest Credit Conditions Index released today. The latest summary of ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly outlook for credit markets produced by ABA’s…
SBA: 2023 Phoenix Award Winners for Outstanding Disaster Recovery Efforts Announced
Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33 million small businesses, announced the 2023 Phoenix Award winners. SBA recognizes the Phoenix Award winners every year during National Small Business Week for their inspiring resilience in the aftermath of devastating natural disasters, which climate…