ABA: Foundation Honors Six Banks with Community Commitment Awards
Categories range from affordable housing to economic inclusion The American Bankers Association Foundation today announced it will honor six banks with a Community Commitment Award, which is provided to institutions that have demonstrated leadership in the area of corporate social responsibility. The ABA Foundation will recognize these banks’ efforts in categories ranging from affordable housing…
HUD: Chicago’s Historic Rosenwald Courts Apartments Earns 2018 HUD Secretary Award
The U.S. Department of Housing and Urban Development (HUD) and the Advisory Council on Historic Preservation (ACHP) today announced Chicago’s Rosenwald Courts Apartments, once home to boxer Joe Louis, and Olympian Jesse Owens, as the recipient of the 2018 ACHP/HUD Secretary’s Award for Excellence in Historic Preservation. This annual award recognizes developers, organizations, and agencies…
EDA: $5.5 Million Invested to Build Workforce Training Center in Perris, CA
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $5.5 million grant to the city of Perris, California, to help build the Perris Downtown Skills Training and Job Placement Center. According to grantee estimates, the project is expected to create 325 jobs and spur $10 million…
EDA: $562,571 Invested to Support Job Creation in Chevak, AK
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $562,571 grant to the city of Chevak, Alaska, to support local job creation efforts. According to grantee estimates, the project is expected to create 12 jobs and generate $406,000 in private investment. “We commend the city of Chevak for taking advantage of…
HUD: VA and HUD Secretaries Announce Housing Initiatives to Support Homeless Veterans
HUD-VASH vouchers to provide housing for over 4,000 veterans U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson and U.S. Department of Veterans Affairs (VA) Secretary Robert Wilkie today joined together at the VA Community Resource and Referral Center to announce $35 million in grants to combat veteran homelessness. The funding will be provided…
FHFA: Public Input Requested on Fannie Mae and Freddie Mac’s Proposed Duty to Serve Plan Modifications
The Federal Housing Finance Agency (FHFA) has announced that it is requesting public input as part of the Agency’s consideration of proposed modifications to Fannie Mae and Freddie Mac’s (the Enterprises) 2018-2020 Underserved Markets Plans (Plans) under the Duty to Serve program. The Duty to Serve regulation allows an Enterprise to request to modify its…
FDIC: Chairman McWilliams Announces Transparency and Accountability Initiative
Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams today announced a new, agency-wide “Trust through Transparency” initiative in a speech at the 2018 Community Banking in the 21st Century Research and Policy Conference in St. Louis, Missouri. “Like any asset, trust must be earned and then preserved. In my view, the best way to maintain…
HUD: $6.7 Million in Research Grants Awarded to Reduce Lead and Other Housing-Related Health Hazards
Funding to improve methods to identify and control key residential hazards WASHINGTON – To help protect children and seniors from exposure to lead and other home health hazards, the U.S. Department of Housing and Urban Development (HUD) today awarded $6.7 million to seven universities and public health organizations to improve methods for identifying and controlling…
FDIC: Information Requested on Improving Communication With Banks, Consumers and Other Stakeholders
The Federal Deposit Insurance Corporation (FDIC) today announced that it is seeking comment on how the agency can maximize efficiency and minimize burden when communicating information to insured depository institutions, consumers, and others about laws, rules, and related matters. The request is part of Chairman Jelena McWilliams’ initiative to enhance transparency and accountability at the…
CDFI Fund: Updated CDFI Program Investment Areas and Target Markets Based on 2011-2015 ACS Census Data
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has released updated Investment Areas for the Community Development Financial Institutions Program (CDFI Program). Investment Areas have been revised using the U.S. Census Bureau’s 2011-2015 American Community Survey (ACS) to provide more current socioeconomic and demographic data that reflect changes since the…