CDFI Fund: FY 2022 CDFI Equitable Recovery Program Application Deadline Extended through August 23rd
On June 23, 2022, the Community Development Financial Institutions Fund (CDFI Fund) announced the opening of the FY 2022 CDFI Equitable Recovery Program (ERP) round with the public release of a Notice of Funds Availability (NOFA). The NOFA set forth the deadline for submitting the FY 2022 CDFI ERP Application via the CDFI Fund’s Award…
FEMA: President Biden Approves Major Disaster Declaration for North Dakota
FEMA announced that federal disaster assistance has been made available to the state of North Dakota to supplement state, tribal and local recovery efforts in the areas affected by the severe winter storm and flooding April 22-May 25, 2022. Public assistance federal funding is available to the state, tribal and eligible local governments and certain…
OCC: Acting Comptroller Discusses Importance of Financial Health for Consumers
Acting Comptroller of the Currency Michael J. Hsu today discussed the Office of the Comptroller of the Currency’s efforts to advance financial health for consumers before the U.S. Department of the Treasury’s Financial Literacy Education Commission. In his remarks, the Acting Comptroller highlighted the agency’s work in crypto consumer education, its “Financial Health: Vital Signs”…
FEMA: New Resources Released to Help Local Communities Protect Older Adults Before, During and After Natural Disasters
As the United States enters peak hurricane season, FEMA and AARP have released new resources to help local officials and emergency managers protect older adults in their communities before, during and after natural disasters and support communities in mitigating the effects of extreme weather events. The “Guide to Expanding Mitigation: Making the Connection to Older…
OCC: Project REACh Anniversary Marked with Financial Inclusion Symposium
The Office of the Comptroller of the Currency (OCC) today hosted a financial inclusion symposium at its headquarters in Washington, D.C., to mark the second anniversary of Project REACh. The OCC’s Project REACh, or the Roundtable for Economic Access and Change, brings together leaders from the banking industry, national civil rights organizations, business, and technology to…
EDA: Last Week, Nearly $15 Million in American Rescue Plan Funds Invested
Last week, the following grants were made under the American Rescue Plan Funds program and the CARES Act Recovery Assistance program: July 12, 2022 – U.S. Department of Commerce Invests $4.7 Million in American Rescue Plan Funds to Establish a Regional BMX Facility and Support Tourism in Morgantown, West Virginia July 12, 2022 – U.S. Department of…
ABA: Foundation Accepting Donations to Support Montana Flood Relief Efforts
Acting on a request from the Montana Bankers Association, the ABA Foundation will activate its online disaster relief fundraising platform to support relief efforts in the state after historic Yellowstone River flooding The American Bankers Association Foundation today announced it will start collecting tax-exempt contributions through its Disaster Relief Program to help aid relief efforts…
HUD: $10.4 Million Funding Opportunity Announced for Rehabilitation of Low-Income and Disabled Veterans’ Homes
U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge and U.S. Department of Veterans Affairs (VA) Secretary Denis McDonough today announced the availability of $10.4 million through the Veterans Housing Rehabilitation and Modification Pilot Program (VHRMP) for the rehabilitation of the homes of Veterans with low-incomes and disabilities. “Those who have served…
FHFA: Latest Report on Non-Performing Loan Sales Released
The Federal Housing Finance Agency (FHFA) today released the latest report on the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac (the Enterprises). The Enterprise Non-Performing Loan Sales Report includes sales information about NPLs sold through December 31, 2021. Borrower outcomes reflect NPLs sold through June 30, 2021. The sale of NPLs…