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 […]

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 […]

ABA: ABA Sues CFPB for Abuse of Statutory Authority

The American Bankers Association today joined the U.S. Chamber of Commerce, Longview Chamber of Commerce, Texas Bankers Association, Independent Bankers Association of Texas, Texas Association of Business and the Consumer Bankers Association in filing a lawsuit against the Consumer Financial Protection Bureau and Rohit Chopra in his official capacity as director of […]

HUD: FHA Expands Access to Homeownership for First-Time Homebuyers Who Have Positive Rental History

Addition of positive rental payment history in TOTAL Mortgage Scorecard assessment criteria supports greater opportunity for first-time homebuyers to qualify for affordable FHA-insured mortgage financing. The Federal Housing Administration (FHA) is announcing today that it will begin to permit inclusion of a first-time homebuyer’s positive rental payment history as an additional factor […]

HUD: Eighteen Public Housing Authorities Selected for New Asset Building Moving to Work Demonstration Cohort

Asset Building Cohort a Key Component of Secretary Fudge’s Economic Justice Agenda The U.S. Department of Housing and Urban Development (HUD) on September 27, 2022 announced the Asset Building cohort of the expansion of the Moving to Work (MTW) Demonstration Program. Through this cohort, HUD will evaluate asset building activities […]

CDFI Fund: Request for Public Comment Issued on FY 2023-2035 Bank Enterprise Award Program Application

The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, 44 U.S.C. 3506(c)(2)(A). […]

HUD: Public Input Sought on Design of New Green and Resilient Retrofit Program for Multifamily Assisted Housing Properties

Part of President Biden’s landmark Inflation Reduction Act, the Green and Resilient Retrofit Program will provide funding to enhance energy efficiency and climate resiliency in HUD Multifamily assisted housing properties. The U.S. Department of Housing and Urban Development (HUD) today released a Request for Information in public inspection form in the Federal Register to […]

CDFI Fund: FY 2022 CDFI Program and NACA Program Technical Assistance Awards Announced

Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced that 218 organizations received $27.57 million in Technical Assistance awards to build their capacity to provide services to low-income and underserved people and communities across America. The awards were made through the fiscal year (FY) […]

CDFI Fund: Request for Public Comment Issued on Peformance Progress Report and Financial Statement Audit Report

The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the public and other Federal agencies to take this opportunity to comment on proposed information collections, as required by the Paperwork Reduction Act of 1995, Pub. L. No. 104-13 (44 U.S.C. […]