FHFA: Fannie Mae and Freddie Mac Duty to Serve Underserved Markets Plans for 2022-2024 Announced
The Federal Housing Finance Agency (FHFA) today published the 2022-2024 Underserved Markets Plans for Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) Program. The DTS Plans demonstrate a strengthened commitment to serving manufactured housing, affordable housing preservation, and rural housing. The targets and strategies in the Plans build on lessons…
FDIC: Seven New Members Named to Advisory Committee on Community Banking
The Federal Deposit Insurance Corporation (FDIC) today announced seven new members of the agency’s Advisory Committee on Community Banking: Troy Campbell, President & CEO, Altoona First Savings Bank, Altoona, Pennsylvania Robert James II, Executive Vice President, Carver State Bank, Savannah, Georgia Trey Maust, Executive Chairman, Lewis & Clark Bank, Oregon City, Oregon Dominik Mjartan, President…
EDA: $1 Million Invested for Critical Infrastructure to Support Business Growth in Guymon, OK
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to the city of Guymon, Oklahoma, to expand and improve the wastewater system at its industrial park. This investment will support the expansion of existing businesses and attract others to the city’s industrial…
SBA: T.H.R.I.V.E., Executive Level Business Training for Entrepreneurs Ready to Maximize Their Full Potential, Launched
Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 32.5 million small businesses in President Biden’s Cabinet, announced the launch of T.H.R.I.V.E. (Train, Hope, Rise, Innovate, Venture, Elevate), a reimagined training program for small business leaders, formerly known as Emerging Leaders. “T.H.R.I.V.E. Emerging Leaders Reimagined initiative will provide up-and-coming small business leaders with…
OCC: Discussion Series on Financial Health Launched
The Office of the Comptroller of the Currency (OCC) today announced the launch of a discussion series to explore issues relating to the financial wellbeing of consumers. The Financial Health: Vital Signs series will feature discussions with Acting Comptroller of the Currency Michael J. Hsu and academic, community and industry leaders on issues affecting the…
HUD: Support for Washington D.C.’s “Solar for All” Program Announced
The U.S. Department of Housing and Urban Development (HUD) today announced its support for Washington, D.C.’s “Solar for All” program to ensure that residents of HUD-assisted properties in the District are able to access the program without experiencing an increase in their housing costs. “This opportunity highlights the many ways that HUD is ensuring an…
HUD: FHA Insures $65.5 Million Mortgage for Energy Efficient Transit-Oriented Development in Roselle, IL
Insurance endorsement provided by FHA supports creation of 295 new construction rental homes The Federal Housing Administration (FHA) announced today, April 21, that it has closed on a $65.9 million loan insured under FHA’s 221(d)(4) New Construction Mortgage insurance program for Metro 19 Apartments in Roselle, Illinois. The insured loan will help finance the construction…
HUD: New Civil Rights Guidance Issued on Marketing and Application Requirements for Subsidized Multifamily Properties
Guidance designed to inform inclusive marketing and application practices of multifamily housing The U.S. Department of Housing and Urban Development (HUD) Office of Fair Housing and Equal Opportunity (FHEO) today released new guidance to reinforce requirements that HUD-subsidized multifamily housing’s marketing and application processes be designed to be inclusive of persons of all races and…
HUD: $10.3 Million Loan Guarantee Announced for Los Angeles County for Vermont Manchester Commercial Project
The U.S. Department of Housing and Urban Development (HUD) today announces a $10.3 million loan guarantee for the County of Los Angeles, California for the Vermont Manchester Commercial Project. The loan guarantee will be used to finance the development of a new 64 thousand square foot community-serving retail space within the Vermont Manchester Transit Priority…
OCC: Project REACh Efforts Launched in Milwaukee
Acting Comptroller of the Currency Michael J. Hsu today joined civic and community advocates, bankers, and business leaders to launch Milwaukee REACh. The Office of the Comptroller of the Currency (OCC)’s Project REACh, the Roundtable for Economic Access and Change, brings together leaders from the banking industry, civil rights organizations, business, and technology to identify…