Author: findCRA

HUD: 10th Anniversary of the Office of Housing Counseling Marked

The U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling today marks its tenth anniversary since being created as a distinct office reporting to HUD’s Assistant Secretary for Housing. Throughout October, the Office will celebrate the many contributions of HUD’s housing counseling program in helping individuals and families obtain and maintain safe,…

SBA: Funding Awarded to Organizations Delivering Service-Disabled Veteran Entrepreneurship Training Program

Today, Administrator Isabella 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 the awarding of $300,000 in funding to four organizations to deliver existing training programs through the SBA’s Service-Disabled Veteran Entrepreneurship Training Program. “Our veterans and military families are an important source of…

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 July 2022. The CRA is a 1977 law intended to encourage insured banks and thrifts to meet local credit…

ABA: National Survey Finds U.S. Consumers Are Overwhelmingly Happy with Their Bank and Financial Industry “Highly Competitive”

Survey also found consumers highly value credit card rewards programs and don’t want the federal government to put them at risk Nine in 10 Americans with a bank account (86%) say they are “very satisfied” or “satisfied” with their primary bank, and 95% rate their bank’s customer service as “excellent,” “very good” or “good,” according…

ABA: Foundation Accepting Donations to Support Florida Hurricane Relief Efforts

The American Bankers Association Foundation today announced it will start collecting tax-exempt contributions through its Disaster Relief Program to help aid relief efforts in Florida after the devastation caused by Hurricane Ian. At the request of the Florida Bankers Association (FBA), the ABA Foundation will immediately begin accepting donations today at its website ABA.com/Florida. At the…

FEMA: President Biden Approves Emergency Declaration for North Carolina

FEMA announced that federal emergency aid has been made available to the state of North Carolina to supplement the state, tribal and local response efforts due to emergency conditions resulting from Hurricane Ian beginning Sept. 28 and continuing.  The President’s action authorizes FEMA to coordinate all disaster relief efforts to alleviate the hardship and suffering caused by…

FEMA: President Biden Approves Major Disaster Declaration for Seminole Tribe of Florida

FEMA announced that federal disaster assistance has been made available to the Seminole Tribe of Florida to supplement tribal recovery efforts in the areas affected by Hurricane Ian beginning Sept. 23 and continuing. The President’s action makes federal funding available to affected tribal members. Assistance can include grants for temporary housing and home repairs, low-cost loans…

HUD: $5.4 Million Awarded to Public Housing Agencies to Correct Emergency Conditions

Set-Aside Funding Will Help Address Threats to the Health and Safety of Public Housing Residents The U.S. Department of Housing and Urban Development (HUD) today awarded $5.4 million to five Public Housing Agencies (PHAs) to correct emergency conditions that pose an immediate and imminent threat to the health and safety of public housing residents. The…

HUD: Section 202 Project Rental Assistance Renewal Contract Term Increases Announced

New, five-year rental assistance renewal contract terms reduce administrative barriers within program supporting housing for low-income seniors. The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced its intent to begin issuing Section 202 Project Rental Assistance Contracts (PRACs) with renewal terms of up to five years rather than the one-year terms…

CDFI Fund: $355 Million in Bond Funding Announced for Projects in Low-Income Communities

U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that Treasury has agreed to issue three guarantees totaling $355 million under the Community Development Financial Institution (CDFI) Bond Guarantee Program. The guarantees will be issued on behalf of five Eligible CDFIs under the fiscal year (FY) 2022 round of the…