HUD: $20 Million Awarded for Eviction Protection and Diversion
The U.S. Department of Housing and Urban Development (HUD) on Tuesday announced $20 million in inaugural grants from its Eviction Protection Grant Program, the first of its kind for the Department. These grants will be awarded to legal service providers to assist in providing legal assistance to low-income tenants at risk of or subject to…
OCC: Statement Issued to Clairfy Bank Authority to Engage in Certain Cryptocurrency Activities and Authority of OCC to Charter National Trust Banks
The Office of the Comptroller of the Currency (OCC) today published a letter confirming that national banks and federal savings associations must demonstrate that they have adequate controls in place before they can engage in certain cryptocurrency, distributed ledger, and stablecoin activities. Shortly after taking office, Acting Comptroller Michael J. Hsu announced a review of…
Agencies Issue Joint Statement on Crypto-Asset Policy Initiative and Next Steps
Federal bank regulatory agencies today issued a statement summarizing their interagency “policy sprints” focused on crypto-assets and providing a roadmap of future work related to crypto-assets. In particular, the statement describes the focus of the preliminary work conducted through the sprints undertaken by the agencies. It summarizes the agencies’ plan to provide greater clarity throughout…
HUD: $3.6 Million Awarded for Neighborhood Revitalization Plans in Eight Communities
The U.S. Department of Housing and Urban Development (HUD) on Monday announced $3.6 million has been awarded to eight communities to support comprehensive neighborhood revitalization plans to redevelop severely distressed HUD-assisted housing, improve outcomes for residents, and bring new amenities to neighborhoods. HUD has named Annapolis, Maryland; Augusta, Georgia; Brownsville, Texas; Jackson, Michigan; Las Vegas,…
EDA: $1.1 Million in CARES Act Recovery Assistance Invested to Develop Local Food Supply Chains and Diversify the Regional Economy in Philadelphia, PA
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million CARES Act Recovery Assistance grant to the Board of Control for Southern Regional Education to develop local food supply chains in Philadelphia, Pennsylvania. This grant will facilitate the immediate development of locally accessible food…
EDA: $500,000 in CARES Act Recovery Assistance Invested to Improve Broadband Access in Medina County, TX
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $500,000 CARES Act Recovery Assistance grant to the county of Medina, Texas, to improve broadband access. The EDA grant will support local business and community needs by providing broadband infrastructure. The project will increase high-speed internet access in rural Medina County to…
HUD: Agency Climate Action Plan Released
As part of the Biden-Harris Administration’s whole-of-government approach to confronting the climate crisis, the U.S. Department of Housing and Urban Development (HUD) released its Climate Action Plan, which details a comprehensive strategy to reduce the agency’s energy and carbon footprint and put our nation’s communities on the path to building more equitable, efficient, and sustainable housing infrastructure….
FHFA: 2022 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions Released
Today, the Federal Housing Finance Agency (FHFA) released the 2022 Scorecard for Fannie Mae, Freddie Mac (the Enterprises), and Common Securitization Solutions, LLC (CSS). The purpose of the 2022 Scorecard is to hold the Enterprises and CSS accountable for fulfilling their core mission requirements by promoting sustainable and equitable access to affordable housing and operating…
HUD: Formation of Tribal Intergovernmental Advisory Committee Announced
First-of-its-kind committee will offer counsel on specific housing and infrastructure needs for Indian Country Today, the U.S. Department of Housing and Urban Development (HUD) announced the formation of the Tribal Intergovernmental Advisory Committee (TIAC), as part of the Biden-Harris Administrations commitment to engaging with Tribal Nations. The announcement comes as President Biden hosts the first…
CFPB: Input Requested on Detecting Discrimination in Mortgage Lending
Insights gathered will support a fairer mortgage market Today, the Consumer Financial Protection Bureau (CFPB) issued a Request for Information (RFI) to seek input on rules implementing the Home Mortgage Disclosure Act (HMDA). The CFPB plans to review recent changes to the rule and evaluate their effectiveness. This evaluation will strengthen the CFPB’s ability to…