FEMA: President Biden Approves Emergency Declaration for South Carolina
FEMA announced that federal emergency aid has been made available to the state of South Carolina to supplement the state, tribal and local response efforts due to emergency conditions resulting from Hurricane Ian beginning on Sept. 25 and continuing. The President’s action authorizes FEMA to coordinate all disaster relief efforts to alleviate the hardship and suffering…
FEMA: President Biden Approves Major Disaster Declaration for Florida
FEMA announced that federal disaster assistance has been made available to the state of Florida to supplement state, tribal and local recovery efforts in the areas affected by Hurricane Ian beginning Sept. 23 and continuing. The President’s action makes federal funding available to affected individuals in Charlotte, Collier, DeSoto, Hardee, Hillsborough, Lee, Manatee, Pinellas and…
Census Bureau: Dynamics of Poverty Report Released
Today the U.S. Census Bureau released a new report on poverty statistics from the 2018-2020 Survey of Income and Program Participation (SIPP). This report provides monthly, annual, episodic and chronic poverty rates over the 2017-2019 period to provide additional insight for measuring poverty in the United States. Monthly poverty rates can provide insight into changes in poverty within…
HUD and Census Bureau: New American Housing Survey Released
2021 Survey Provides Insights on Housing From the Height of the Pandemic In general, 2020 and 2021 were good for homeowners but presented challenges for many renters. That’s according to the new 2021 American Housing Survey released today by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. Every two…
Federal Reserve: Six of the Nation’s Largest Banks to Participate in Pilot Climate Scenario Analysis
Exercise designed to enhance the ability of supervisors and firms to measure and manage climate-related financial risks The Federal Reserve Board on Thursday announced that six of the nation’s largest banks will participate in a pilot climate scenario analysis exercise designed to enhance the ability of supervisors and firms to measure and manage climate-related financial…
CFPB: Violations of Federal Law by Student Loan Services and University-Owned Lenders Found
Blanket withholding of academic transcripts to pressure borrowers to pay cited as unlawful Today, the Consumer Financial Protection Bureau (CFPB) released a special edition of Supervisory Highlights on recent examination findings covering the practices of student loan servicers, and schools that lend to students directly. The exams found that these schools had improper blanket policies of withholding…
HUD: Disaster Assistance Announced for Puerto Rico
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance, including a new package of waivers offering regulatory and administrative relief, to supplement Commonwealth and local recovery efforts in areas of Puerto Rico affected by Hurricane Fiona beginning on September 17, 2022, and continuing. As Puerto Rico endures…
HUD and Census Bureau: New Residential Sales Report for August 2022 Released
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for August 2022: New Home Sales Sales of new single‐family houses in August 2022 were at a seasonally adjusted annual rate of 685,000, according to estimates released jointly by the U.S. Census Bureau…
HUD: Over $125 Million Awarded to Protect Families from Lead and Other Home Health and Safety Hazards
Funding to make low-income families’ homes safer and healthier The U.S. Department of Housing and Urban Development (HUD) today awarded over $125 million to 26 state and local government agencies to protect children and families from lead-based paint hazards and additional home health hazards. HUD is providing these grants through its Lead Hazard Reduction Grant…
FHFA: New Rule Proposed to Help Enterprises Better Serve Colonias
Amendments will remove barriers to Enterprise Duty to Serve activities in high-needs rural regions The Federal Housing Finance Agency (FHFA) today proposed to amend the Agency’s Duty to Serve (DTS) Underserved Markets regulation to facilitate Fannie Mae and Freddie Mac’s (the Enterprises) activities related to serving colonias. “FHFA is committed to promoting affordability, equity, and…