CRA Newswire

HUD: Disaster Assistance Announced for Puerto Rico Disaster Survivors

The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement state, tribal, and local recovery efforts in the areas of Puerto Rico affected by a severe storm, flooding, and landslides from February 4 and February 6, 2022. On March 29, President Biden issued a major disaster declaration for…

SBA: Women’s Business Center Network Expands to All 50 States

Alaska Women’s Business Center is the SBA’s 141st WBC and marks the expansion of the Women’s Business Center network to every state in the nation 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 the 141st Women’s Business Center (WBC)…

FHFA: House Price Index Up 1.6 Percent in January 2022; Up 18.2 Percent from Last Year

House prices rose nationwide in January, up 1.6 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 18.2 percent from January 2021 to January 2022. The previously reported 1.2 percent price change for December 2021 was revised upward to a 1.3 percent price change. For the…

EDA: $3 Million in CARES Act Recovery Assistance Invested to Capitalize Revolving Loan Fund to Serve Small Businesses in Northwest and Central Oklahoma

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million CARES Act Recovery Assistance grant to Southwestern Intermediary Finance Team, Inc. (SWIFT), Weatherford, Oklahoma, to capitalize and administer a Revolving Loan Fund to support small businesses in 23 counties. Through this grant, SWIFT will…

EDA: $1.7 Million in CARES Act Recovery Assistance Invested to Expand Broadband Service in the Manufacturing, Agricultural and Technology Industries in Rural Central Indiana

Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.7 million CARES Act Recovery Assistance grant to Northwest Central Indiana Community Partnerships, Inc., West Lafayette, Indiana, to expand broadband access in Central Indiana in support of the region’s manufacturing, agricultural and technology industries. This project…

CFPB: New Report Finds Credit Card Companies Charged $12 Billion in Late Fee Penalties in 2020

The Consumer Financial Protection Bureau (CFPB) issued a report today showing that credit card issuers charged $12 billion in late fees in 2020. Late fee penalties are charged in addition to interest when a cardholder does not make the minimum payment by the due date. “Many credit card issuers have made late fee penalties a…

HUD: Rental Assistance Demonstration Conversion Transaction Closed with the Housing Authority of Duluth, MN to Preserve 387 Homes for Low-Income Families

Transaction will allow for King Manor and Tri-Towers rental homes to remain permanently affordable to low-income Duluth residents on the Project-Based Rental Assistance platform The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing on March 24 closed a Rental Assistance Demonstration (RAD) transaction with the Housing and Redevelopment Authority (HRA) of Duluth,…

OCC: Acting Comptroller Launches Project REACh Efforts in Dallas

Acting Comptroller of the Currency Michael J. Hsu today joined civic leaders, community advocates, bankers, and business leaders to launch Dallas REACh. The Office of the Comptroller of the Currency (OCC) launched Project REACh, the Roundtable for Economic Access and Change, to bring together leaders from the banking industry, civil rights organizations, business, and technology…

FDIC: Request for Information on Bank Mergers Issued

The Federal Deposit Insurance Corporation (FDIC) today sent to the Federal Register a request for information (RFI) soliciting comments regarding the application of the laws, practices, rules, regulations, guidance, and statements of policy that apply to merger transactions involving one or more insured depository institutions, including the merger between an insured depository institution and a noninsured institution….

FEMA: President Biden Approves Disaster Declaration for the State of Alaska

FEMA announced today that federal disaster assistance has been made available to the state of Alaska to supplement state and local recovery efforts in the areas affected by severe winter storms and straight-line winds from Dec. 25–27, 2021. Federal funding is available to state, tribal and local governments and certain private nonprofit organizations on a…