HUD: Rental Assistance Demonstration Conversion Closed with Housing Authority of the City of New Haven, CT as a Step in Plan to Preserve 110 Affordable Rental Homes
$16.7 million RAD transaction includes construction of 32 new affordable rental homes and a community center at Waverly Townhouses as part of second phase of Housing Authority’s re-development plan The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing is announcing today that it recently closed a Rental Assistance Demonstration (RAD) transaction with…
CFPB: Rule Proposed to Establish Public Registry of Terms & Conditions in Form Contracts That Claim to Waive or Limit Consumer Rights & Protections
Companies can use terms and conditions in non-negotiable form contracts to try to hide consumer harm, to stifle criticism about products and services, and to undermine consumer financial protection law Today, the Consumer Financial Protection Bureau (CFPB) proposed a rule to establish a public registry of supervised nonbanks’ terms and conditions in “take it or…
SBA: Applications for the SBA Veteran Small Business Certification Program Now Open
Today, the U.S. Small Business Administration (SBA)began accepting applications through the Veteran Small Business Certification (VetCert) program as part of the Biden-Harris Administration’s commitment to expanding access to resources for Veterans and other underserved populations. The improvements in the customer experience for Veteran entrepreneurs and business owners made by VetCert will build upon the $25 billion in government contract…
FEMA: President Biden Approves Emergency Declaration for California
FEMA announced today that federal disaster assistance has been made available to the state of California to supplement state, local and tribal response efforts due to emergency conditions resulting from severe winter storms, flooding and mud slides beginning Jan. 8, 2023, and continuing. The President’s action authorizes FEMA to coordinate all disaster relief efforts to alleviate…
HUD: Rental Assistance Demonstration Conversion Closed in Albany, NY to Faciltate Creation and Rehabilitation of Affordable Rental Homes
HUD CLOSES RENTAL ASSISTANCE DEMONSTRATION (RAD) CONVERSION IN ALBANY, NY, TO FACILITATE CREATION AND REHABILITATION OF AFFORDABLE RENTAL HOMES $32 million transaction with the Albany Housing Authority will facilitate creation and preservation of 88 affordable rental homes in Steamboat Square Community. WASHINGTON, D.C. – The U.S. Department of Housing and Urban Development’s Office of Multifamily…
HUD: Rule Change on Rental Housing Assistance Proposed for Native Hawaiian Housing Block Grant Program
Proposed Rule Would Provide Clarity, Make Rental Assistance and Affordable Housing Opportunities More Available to Native Hawaiian Families This week, the U.S. Department of Housing and Urban Development (HUD) issued a proposed rule to expand rental assistance to Native Hawaiian families under the department’s Native Hawaiian Housing Block Grant (NHHBG) program. Under the proposed rule,…
HUD: Rental Assistance Demonstration Conversion Closed in Boston, MA to Preserve 445 Affordable Rental Homes
$66 million transaction with Boston Housing Authority (BHA) preserves and rehabilitates 445 public housing homes as permanently affordable housing at Mission Main. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing announced today that it recently closed a Rental Assistance Demonstration (RAD) transaction with the Boston Housing Authority (BHA) in Boston, MA,…
CDFI Fund: Updated Program Information Now Available Based on 2016-2020 American Community Survey
BEA Program Eligibility and CDFI Program Investment Areas Revised with Data Release The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today updated Eligibility Data for the Bank Enterprise Award Program (BEA Program), as well as updated Investment Areas and Target Markets for the Community Development Financial Institutions Program (CDFI…
findCRA to Discuss CRA, Disaster Relief & COVID-19 with the ABA CRA Working Group
findCRA’s President, COO & Co-Founder, Brian Waters, will discuss CRA requirements for banks when tracking activities regarding disaster and pandemic relief with the American Bankers Association’s CRA Working Group on January 5, 2023. The virtual session will include an overview of regulatory guidance regarding bank activities undertaken in response to natural disasters for consideration during…