HUD: $43 Million Awarded to Help End Youth Homelessness
Grants to support innovative housing programs in 11 communities To help end youth homelessness, the U.S. Department of Housing and Urban Development (HUD) is awarding $43 million to 11 local communities, including five rural areas, through its Youth Homelessness Demonstration Program (YHDP). This program supports a wide range of housing interventions including rapid rehousing, permanent…
OCC: Minority Depository Institutions Advisory Committee Charter Renewed
The Office of the Comptroller of the Currency (OCC) has renewed the charter of its Minority Depository Institutions Advisory Committee (MDIAC), which advises the agency on issues and opportunities facing minority depository institutions. “The Minority Depository Institutions Advisory Committee has a long history of offering the OCC an invaluable perspective on the business environment affecting…
HUD: Winners of 2018 Healthy Homes Awards Announced
Model programs in Baltimore, MD, Fort Collins, CO, Milwaukee, WI, and a Research Study Earn HUD Secretary’s Award The U.S. Department of Housing and Urban Development (HUD) and the National Environmental Health Association (NEHA) are pleased to announce the winners of the 2018 HUD Secretary’s Award for Healthy Homes, an award recognizing excellence in making…
CDFI Fund: Nearly $22.8 Million in Bank Enterprise Awards for Increased Investment in Highly Distressed Communities Announced
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced nearly $22.8 million in awards to 113 banks for increasing investments benefiting economically distressed communities across the nation. The awards were made through the fiscal year (FY) 2017 round of the Bank Enterprise Award Program (BEA Program). The BEA Program…
FFIEC: Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today announced the availability of the 2018 list of distressed or underserved nonmetropolitan middle-income geographies, where revitalization or stabilization activities are eligible to receive Community Reinvestment Act (CRA) consideration under the community…
Census Bureau: New 2017 Annual Business Survey Announced
The Annual Business Survey (ABS) is a new joint project between the U.S. Census Bureau and the National Science Foundation’s National Center for Science and Engineering Statistics. The ABS is a new survey that replaces three existing surveys: the five-year Survey of Business Owners (SBO) for employer businesses, the Annual Survey of Entrepreneurs (ASE), and the Business Research and Development and…
CDFI Fund: CDFI 2018 Certification Reports Due by July 31st
Are you the Authorized Representative of a currently certified CDFI? If so, don’t forget that in order to maintain your organization’s certification status you must complete and submit the Annual Certification and Data Collection Report (ACR) for Report Year 2018. All Authorized Representatives for certified CDFIs should have received an e-mail notification from the CDFI…
CDFI Fund: New CDFI Application Acceptance Paused for 90 Days Beginning August 1st
New CDFI Certification Applications cannot be submitted August 1, 2018 through October 31, 2018 Beginning August 1, 2018, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) will pause acceptance of new applications for certification as a Community Development Financial Institution (CDFI). This “blackout” period will be implemented for a period…
FHFA: Proposed Rule Issued on Enterprise Capital Requirements for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) is seeking comments on a proposed regulation on capital requirements for Fannie Mae and Freddie Mac (the Enterprises). The proposed rule would implement a new framework for risk-based capital requirements and a revised minimum leverage capital requirement for the Enterprises. FHFA suspended regulatory capital requirements after placing the Enterprises…
HUD: Historic Agreement Reached with New York City Housing Authority to Improve Health and Living Conditions
U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced a historic agreement with the nation’s largest public housing authority to correct dangerous lead-based paint and other health and safety hazards. HUD, the Justice Department, and the U.S. Environmental Protection Agency (EPA) reached a Consent Decree with New York City and the New York…