HUD: Over $24 Million Awarded to 57 Grantees to Fight Housing Discrimination
Today, the U.S. Department of Housing and Urban Development (HUD) announced the allocation of $24,195,749.33 from its $56 million FY 2023 budget to support 57 fair housing organizations across the nation through the Fair Housing Initiatives Program (FHIP). These funds are being directed to second and third year multi-year grantees of the Private Enforcement Initiative (PEI) to…
HUD: Updated Fair Market Rents Released and $113 Million in Affordable Housing Vouchers Available
Department increases Fair Market Rents by 12 percent on average across the U.S., releases vouchers to 36 states to help more families afford housing Today, the U.S. Department of Housing and Urban Development (HUD) announced two actions that together will enable more families to rent a healthy, stable home at an affordable cost: publishing Fair…
FDIC: Equal Housing Lender Poster Updates Announced
FDIC-supervised institutions are required to maintain up-to-date Equal Housing Lender (EHL) posters in branches, as required by the Fair Housing Act. The FDIC recently amended some details of the posters, including updating the name of the office to which complaints should be addressed, as well as adding the web address of the FDIC’s web-based complaint…
FDIC: CRA Examination Schedules Issued for Fourth Quarter 2023 and First Quarter 2024
The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the fourth quarter 2023 and first quarter 2024. 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: $128 Million Awarded to Tribal Communities for Construction of New Affordable Housing
Today, the U.S. Department of Housing and Urban Development (HUD) announced 22 awards totaling approximately $128 million for affordable housing investments in Tribal communities. HUD Secretary Marcia L. Fudge made the announcement today in Kenai, Alaska, where she presented $7.5 million to the Kenaitze-Salamatof to build 18 new housing units to increase the number of…
OCC: CRA Evaluation Schedule for Fourth Quarter 2023 and First Quarter 2024 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 2023 and first quarter of 2024. The OCC encourages public comment on the national banks and federal savings associations (collectively, banks) scheduled to be evaluated under the CRA….
EDA: Tech Hubs Competitions Applications Show Nationwide Excitement for Investing in America’s Technological Future
The U.S. Department of Commerce’s Economic Development Administration (EDA), announced the receipt of hundreds of applications for Phase 1 of the Regional Technology and Innovation Hubs (Tech Hubs) competition, a key piece of President Biden’s Investing in America agenda. In total, 48 states and 3 territories submitted Tech Hubs Phase 1 applications. Phase 1 of this competition will designate…
SBA: “Investing in America: Small Business Tools and Resources” Webinar Series Launched by SBA and the Public Private Strategies Institute
The U.S. Small Business Administration (SBA) formally announced today its “Investing in America: Small Business Tools and Resources” series, a new collaboration with Public Private Strategies Institute (PPSI) to expand public awareness of SBA’s programs, priorities, and initiatives that will empower business owners across the country, particularly those from underserved and disadvantaged communities. As part of…
HUD: Regional House Parties Across the Country Scheduled to Increase Homeownership
Today, the U.S. Department of Housing and Urban Development (HUD) announced during the final week of the initiative HUD On the Road: August 2023, the agency is rounding out the month with their work around boosting homeownership through HUD House Parties across the country. “HUD on the Road” aims to make HUD more accessible, supporting those…
Agencies Propose Guidance to Enhance Resolution Planning at Large Banks
The Federal Deposit Insurance Corporation and Federal Reserve Board today invited public comment on proposed guidance to help certain large bank holding companies further develop their Dodd-Frank Act Title I resolution plans. These resolution plans, also known as “living wills,” describe a bank holding company’s strategy for rapid and orderly resolution under bankruptcy in the…