CRA Newswire

HUD: $18.7 Million Transaction Closed to Preserve Affordable Rental Homes for Pittsburgh Families

Today, the U.S. Department of Housing and Urban Development’s Office of Multifamily Housing Programs announced the recent completion of a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of the City of Pittsburgh (HACP). The transaction will enable the city of Pittsburgh to rehabilitate and preserve nearly 90 affordable rental homes at Manchester Commons,…

HUD: Updated Climate Adaption and Resilience Plan Released

Biden-Harris Administration expands agency efforts to ensure operations are increasingly resilient to climate change impacts. Today, the U.S. Department of Housing and Urban Development joined more than 20 federal agencies to release its updated Climate Adaptation Plan and expand the Biden-Harris Administration’s efforts to ensure federal operations are increasingly resilient to climate change impacts. The updated adaptation…

HUD: Disaster Aid Offered to Hawaii Storm and Flood Victims

Federal aid supports state and local recovery for April 2024 Hawaii storms, flooding, and landslides. The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of Hawaii and ordered Federal assistance to State and local recovery efforts in the areas affected by severe storms, flooding and…

FEMA: Updates Announced to FEMA Individual Assistance Programs to Better Assist People with Disabilities

Earlier this year, FEMA announced updates to disaster assistance available during a federal declaration. These changes provide disaster support by increasing accessibility and eligibility for affected people, families and communities.  Serious Needs Assistance This form of assistance covers important items like water, food, first aid, breastfeeding supplies, infant formula, diapers, personal hygiene items, fuel for…

SBA: Over $1 Million Invested to Expand Support for Veteran Entrepreneurs

Organizations to Provide Critical Training and Counseling for Startups and Existing Small Businesses Today, the U.S. Small Business Administration (SBA) announced over $1 million in new funding to provide critical training and counseling to aspiring and existing veteran small business owners as a Veterans Business Outreach Center (VBOC).  The new funding opportunity will make awards of up to $400,000 to…

HUD: $10 Million Awarded to Public Housing Agencies to Protect Residents

Grants provided through Capital Fund Emergency Safety and Security Program will support crime prevention, smoke detectors, fire alarms and other security measures. To help keep residents safe in their homes, today, the U.S. Department of Housing and Urban Development (HUD) announced that it will award $10 million to 65 Public Housing Agencies (PHAs) in 32…

FDIC: Final Revised Rule Approved to Strengthen Resolution Planning for Large Banks

The Federal Deposit Insurance Corporation (FDIC) Board of Directors today approved a final rule to strengthen resolution planning for insured depository institutions (IDIs) with at least $50 billion in total assets. After careful consideration of comments received, the FDIC issued a final rule that incorporates several changes from the agency’s proposed rule published in September…

FHFA: Input Requested on Application Process for Federal Home Loan Bank Affordable Housing Program

The Federal Housing Finance Agency (FHFA) today issued a Request for Input (RFI) on opportunities to improve the Federal Home Loan Banks’ (FHLBanks) processes for members and project sponsors to apply for Affordable Housing Program (AHP) funding. “FHFA’s efforts to streamline the AHP application process should improve the FHLBanks’ ability to provide much needed funding…

OCC: Final Rule on Automated Valuation Models Approved

The Office of the Comptroller of the Currency today approved a final rule to implement quality control standards for automated valuation models used by mortgage originators and secondary market issuers in valuing residential real estate collateral securing mortgage loans. The rulemaking supports Acting Comptroller of the Currency Michael J. Hsu’s priority to reduce inequality and…

CDFI Fund: Submission Deadlines Extended for Revised CDFI Certification Application

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has extended the application deadlines for when currently Certified Community Development Financial Institutions (CDFIs) must reapply for CDFI Certification using the revised version of the CDFI Certification Application.  In December 2023, the CDFI Fund released the final revised CDFI Certification Application. Non-certified organizations that wish…