OCC: Fourth Quarter 2022 and First Quarter 2023 CRA Evaluation Schedule Issued
The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the fourth quarter of 2022 and the first quarter of 2023. The OCC encourages public comment on the national banks and federal savings associations (collectively, banks) scheduled to be evaluated under the…
EDA: Over $56 Million in American Rescue Plan Funds Invested Last Week
Last week, the following grants were made under the American Rescue Plan Funds program: August 30, 2022 – U.S. Department of Commerce Invests $15.4 Million in American Rescue Plan Funds to Bolster Infrastructure for Business and Job Growth in West Virginia August 30, 2022 – U.S. Department of Commerce Invests $6 Million in American Rescue Plan Funds…
EDA: $1.5 Million Invested for Critical Infrastructure Needed to Establish Multi-Modal Facility in Jefferson City, MO
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to Cole County, Missouri, for rail and transportation infrastructure improvements needed to support economic development in the region. This project will provide a rail spur and other transportation-related infrastructure needed to establish a multi-modal…
EDA: $2 Million Invested for Water System Upgrades to Support New Businesses in Augusta, GA
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Development Authority of Augusta, Augusta, Georgia, to boost business and job growth by providing water and sewer improvements at the Augusta Corporate Park. This project will provide the infrastructure necessary to accommodate…
FHFA: U.S. House Prices Rise 17.7 Percent Over the Last Year; Up 4.0 Percent from the First Quarter
U.S. house prices rose 17.7 percent from the second quarter of 2021 to the second quarter of 2022 according to the Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices were up 4.0 percent compared to the first quarter of 2022. FHFA’s seasonally adjusted monthly index for June was up 0.1 percent from May. “Housing prices grew quickly through most…
FDIC: CRA Examination Schedules for Fourth Quarter 2022 and First Quarter 2023 Issued
The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the fourth quarter 2022 and first quarter 2023. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of each quarter. …
HUD: $15 Million Announced to Help Older Americans Age in Place
U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge today announced that the Department is making available $15 million to help older Americans age in place through home modifications. The funding opportunity, made available through HUD’s Older Adult Home Modification Program (OAHMP), will assist experienced nonprofit organizations, state and local governments, and public…
Federal Reserve: FedNow Service Release Timing Updated to Mid-2023, Marking the Beginning of Full-Scale Pilot Testing
The Federal Reserve Banks have narrowed the timing of the FedNow Service launch to mid-year 2023, specifically targeting a production rollout of the service in the May to July timeframe. This further defines the previously communicated 2023 launch window for the anticipated instant payments service and comes as the FedNow Pilot Program prepares to enter…
FEMA: Resilience Revolving Loan Fund Program Launched Funded by Bipartisan Infrastructure Law
Safeguarding Tomorrow Revolving Loan Fund will reduce disaster suffering and vulnerability to natural hazards FEMA is launching a notice of intent for a new program to fund resilience projects that will make communities safer from natural hazards. The Safeguarding Tomorrow Revolving Loan Fund program will make $50 million available in capitalization grants to states to fund low-interest…
FEMA: Disaster Cooperation Agreement Signed with The Salvation Army
Leaders of FEMA and The Salvation Army signed a new memorandum today, outlining how the organizations will continue to cooperate in carrying out disaster preparedness, response, recovery and other emergency management operations. FEMA Administrator Deanne Criswell and The Salvation Army’s National Commander, Commissioner Kenneth Hodder signed the memorandum of agreement as the latest formalization of…