Census Bureau: Webinar Scheduled on New “My Community Explorer for Puerto Rico” Tool for Underserved and At-Risk Communities
The U.S. Census Bureau is scheduled to hold a webinar on Feb. 22 at 11:30 a.m. ET to show attendees how to use the new “My Community Explorer (MCE) for Puerto Rico 1.0” tool. The tool displays natural disaster layers, such as hurricanes, and shows the impact of significant disasters on at-risk communities and underserved…
CDFI Fund: Transition FAQs Released on the Census 2020 Island Areas Datasets and Updated 2016-2020 American Community Survey
CDFI Program, NACA Program, BEA Program, and NMTC Program updated Census transition documents and datasets. The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) recently released updated guidance and geographic eligibility data files for CDFI Certification, the Community Development Financial Institutions Program (CDFI Program), Native American CDFI Assistance Program (NACA Program),…
Federal Reserve: New Paper Reexamines the Role of the CRA in Mortgage Supply and the U.S. Housing Boom
Abstract: Concerns have lingered since the 2007 subprime crisis that government housing policies promote risky mortgage lending. The first peer-reviewed evidence of a causal effect was published by the Review of Financial Studies in a paper (Saadi, 2020) linking the crisis to changes in the Community Reinvestment Act (CRA) in 1995. A review of that…
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 June 30, 2023. Borrower outcomes reflect NPLs sold through December 31, 2022. The sale of NPLs…
FHFA: House Price Index Up 0.3 Percent in November 2023; Up 6.6 Percent from Last Year
U.S. house prices rose in November, up 0.3 percent from October, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 6.6 percent from November 2022 to November 2023. The previously reported 0.3 percent price increase in October remained unchanged. For the nine census divisions, seasonally adjusted monthly price changes from…
CDFI Fund: Application Demand for CY 2023 Round of the NMTC Program Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it received 196 applications for the calendar year (CY) 2023 round of the New Markets Tax Credit Program (NMTC Program). The NMTC Program advances economic development in economically distressed communities by making tax credit allocations available to Community Development…
CDFI Fund: Application Demand for FY 2024 Round of Small Dollar Loan Program Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the application data for the fiscal year (FY) 2024 round of its Small Dollar Loan Program (SDL Program). The SDL Program is intended to expand consumer access to financial institutions by providing alternatives to high-cost small dollar lending. Up to…
Census Bureau: Additional American Community Survey Selected Population Tables and American Indian and Alaska Native Tables Now Available
The U.S. Census Bureau today released additional 2017-2021 American Community Survey (ACS) 5-Year Selected Population Tables (SPT) and American Indian and Alaska Native Tables (AIANT) on data.census.gov and the Application Programming Interface (API) to address over-suppression for some groups and geographies within the original June 2023 release. More information about geographic area and group combinationsthatreceived additional tabulations is available on the Race, Ethnicity,…
HUD and Census Bureau: New Residential Sales Report for December 2023 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 December 2023: New Home Sales Sales of new single‐family houses in December 2023 were at a seasonally adjusted annual rate of 664,000, according to estimates released jointly today by the U.S. Census…
Agencies Sign Joint Letter Asking Utility Companies to Make Energy and Water Usage Data Available for Multifamily Properties
Leaders at HUD, the DOE, and the EPA join forces to seek data that will facilitate green upgrades to the nation’s housing stock Today, the leaders of the U.S. Department of Housing and Urban Development (HUD), U.S. Department of Energy (DOE), and U.S. Environmental Protection Agency (EPA) announced a joint letter asking for the nation’s…