FEMA: Memorandum of Agreement Signed with NAACP to Strengthen Partnership Before, During and After Disasters
Today, FEMA announced that Administrator Deanne Criswell and NAACP President Derrick Johnson signed an agreement outlining ways in which the two organizations will work together to help people before, during and after disasters. The agreement continues the organizations’ longstanding formal partnership beginning in 2013, when the first agreement was signed. The NAACP provides community-based support related to…
HUD: $25 Million Loan Guarantee Announced for Birmingham, AL Loan for Black, Indigenous, People of Color Fund
Today, the U.S. Department of Housing and Urban Development (HUD) awarded the City of Birmingham, Alabama a $25.2 million loan fund under its loan guarantee program for the Community Development Block Grant Program, Section 108. The City of Birmingham plans to use these funds to establish a $25 million citywide Loan Pool to provide financing…
HUD: $16 Million Awarded to Aid Homeless Veterans in Securing Permanent Housing
Today, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) awarded $16.1 million in HUD-Veterans Affairs Supportive Housing (HUD-VASH) vouchers to 71 Public Housing Agencies (PHAs) across the country. This award will help homeless Veterans and their families find and sustain permanent housing. Please see the list…
CDFI Fund: $5 Billion in New Markets Tax Credit Awards Announced
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $5 billion in New Markets Tax Credits today that will spur investment and economic growth in low-income urban and rural communities nationwide. A total of 102 Community Development Entities (CDEs) were awarded tax credit allocations, made through the calendar year (CY)…
FDIC: Results of Summary of Deposits Annual Survey Released
The Federal Deposit Insurance Corporation (FDIC) today released results of its annual survey of branch office deposits for all FDIC-insured institutions as of June 30, 2023. The FDIC’s Summary of Deposits (SOD) provides deposit totals for each of the more than 77,000 domestic offices operated by more than 4,600 FDIC-insured commercial and savings banks, savings…
HUD: $25 Million Awarded to Stabilize Public Housing Agencies Facing Financial Shortfalls
The U.S. Department of Housing and Urban Development (HUD) awarded today $25 million to 157 public housing agencies (PHAs) experiencing or at risk of experiencing financial shortfalls. This Public Housing Operating Fund Shortfall funding, provided by the Fiscal Year 2023 Consolidated Appropriations Act, will enable PHAs to continue serving residents as they take steps to…
HUD: Funding Navigator Announced to Connect Program Participants to Billions of Dollars in Federal Funding and Tax Credits to Improve Carbon Reduction and Climate Resilience
Dynamic web-based resource navigator tool, which will assist program participants identity potential funding opportunities Today, the U.S. Department of Housing and Urban Development (HUD) announced its first-ever Funding Navigator, an interactive tool that allows the user to browse and sort funding opportunities for billions of dollars in funding available under the Inflation Reduction Act (IRA),…
FEMA: President Biden Approves Major Disaster Declaration for Missouri
FEMA announced that federal disaster assistance has been made available to the state of Missouri to supplement state, tribal and local recovery efforts in the areas affected by the severe storms, straight-line winds, tornadoes and flooding from July 29 – Aug. 14, 2023. Public Assistance federal funding is available to the state, tribal and eligible…
SBA: Data Shows Major Increase in Loans to Black-Owned Businesses Since 2020
The number and share of SBA-backed 7(a) and 504 loans going to Black-Owned businesses more than doubled since 2020 Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA), joined Congressman Steven Horsford at the 2023 Congressional Black Caucus Foundation’s Annual Legislative Conference today to announce new data showing the rate of SBA-backed loans going to Black-owned businesses…
FHFA: Second Quarter 2023 Foreclosure Prevention and Refinance Report Released
The Federal Housing Finance Agency (FHFA) today released its second quarter 2023 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 47,370 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 6,818,471 since the start of conservatorships in September…