OCC: Comptroller Visits New York Neighborhoods Supported by the CRA, Discusses Opportunities to Do More
Comptroller of the Currency Joseph Otting today participated in a tour of New York neighborhoods to see firsthand the success of Community Reinvestment Act (CRA) activity and discuss how CRA regulations can promote more lending, investment, and services, where they are needed most. “Here in New York, we saw great examples of community and bank…
FEMA: Okfuskee County Added to Oklahoma Disaster Declaration
Okfuskee County has been added to the federal disaster declaration issued for Oklahoma on July 12 for the severe storms, tornadoes, straight-line winds and flooding that occurred April 30 to May 1. Okfuskee is now eligible to apply for FEMA’s Public Assistance (PA) funding to supplement state and local recovery efforts. FEMA’s PA program reimburses counties,…
HUD: $28 Million Awarded to Clean Up Lead Hazards in Public Housing
Funding to identify and control potentially dangerous lead in thousands of homes with young children The U.S. Department of Housing and Urban Development (HUD) today awarded $27.8 million to 38 Public Housing Agencies (PHAs) in 25 states to identify and reduce lead-based paint hazards in thousands of older public housing units. Provided through HUD’s Public…
SBA: Makerspace Training, Collaboration and Hiring (MaTCH) Pilot Competition Winners Announced
Today, the U.S. Small Business Administration Acting Administrator Chris Pilkerton announced the winners of the Makerspace Training, Collaboration and Hiring (MaTCH) Pilot Competition. The SBA awarded $1 million in prize money to competition winners. “It is my privilege to announce the twelve winners of the SBA’ s MaTCH Pilot Competition. The MaTCH competition is a testament…
FHFA: 2020 Release Dates for House Price Index Announced
The Federal Housing Finance Agency (FHFA) today announced the FHFA House Price Index (HPI) will be released at 9 a.m. ET on the following dates in 2020: Wednesday, January 22 Monthly Index Tuesday, February 25 Quarterly and Monthly Index Wednesday, March 25 Monthly Index Wednesday, April 22 Monthly Index Tuesday, May 26 Quarterly and Monthly Index Wednesday,…
EDA: $633,355 Grant Awarded to Support Regional Life Sciences Innovation Cluster in Philadelphia, PA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $633,555 grant to the Ben Franklin Technology Partners of Philadelphia, Pennsylvania, to support the development of a new life sciences regional innovation cluster. This EDA grant, to be matched with $646,712 in local funds, is expected to create 35 jobs. “President Trump…
FEMA: Think You Don’t Need Flood Insurance? Think Again
The recent Rio Grande Valley floods resulted in flood insurance claims valued at more than $31.1 million being filed so far by Texas homeowners, business owners and renters. But some Texans who experienced losses did not have flood insurance Why do I need flood insurance? Standard homeowner’s insurance policies do not cover flood. Flood is…
OCC: Comptroller of the Currency Visits Areas of Washington DC to Discuss Community Reinvestment Success and Opportunities
Comptroller of the Currency Joseph Otting, led a tour of Washington, D.C., areas that have benefitted from Community Reinvestment Act (CRA) activity and discussed how CRA regulations can be strengthened to promote more lending, investment, and services, where they are needed most. “CRA has help stabilize and revitalize neighborhoods across our country for more than…
HUD: Revised “Disparate Impact” Rule Proposed
New proposed disparate impact rule more appropriately reflects 2015 Supreme Court ruling The U.S. Department of Housing and Urban Development (HUD) today published a proposed rule to amend the HUD interpretation of the Fair Housing Act’s disparate impact standard. The proposed rule as amended would provide more appropriate guidance on what constitutes unlawful disparate impact…
HUD and Census Bureau: Residential Construction Activity in July 2019 Report Issued
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for July 2019. Building Permits Privately owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,336,000. This is 8.4 percent (±1.1 percent) above the revised…