CRA Newswire

EDA: $2.2 Million Invested for High-Speed Internet Access on Tribal Land in Louisiana

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.2 million grant to the Coushatta Tribe of Louisiana in Elton, Louisiana, to construct fiber optic cable on Tribal land in both Allen and Jefferson Parish. This grant will construct fiber optic cable along U.S. 165, bringing high-speed…

EDA: $600,000 Invested to Bolster Business Growth in Tulare, CA

 Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $600,000 grant to the city of Tulare, California, to make building renovations to accommodate new business growth and startup expansion.  This grant will support the creation of a fabrication facility which will house 3D printers, laser cutters, and other equipment small businesses…

HUD: Additional Relief Extended to Borrowers in Maui, HI

Federal Housing Administration to extend foreclosure moratorium through August 4, 2024, to help homeowners impacted by 2023 wildfires. Today, the U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), announced it is extending its foreclosure moratorium for borrowers with FHA-insured mortgages in Maui County, HI, through August 4, 2024. FHA is taking…

HUD: New Critical Investments Announced for the Nation’s Public Housing

The Public Housing Repair fund will allow housing authorities to modernize or develop public housing for individuals, families, and seniors. Today, the U.S. Department of Housing and Urban Development (HUD) awarded $3.17 billion in Public Housing Repair funding to 2,756 public housing authorities (PHAs) in all 50 states as well as the District of Columbia,…

Agencies Issue Proposal on Incentive-Based Compensation

The Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Federal Housing Finance Agency (FHFA), have adopted a Notice of Proposed Rulemaking (NPR) to address incentive-based compensation arrangements, as required under section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (section 956).  The National Credit…

FEMA: President Biden Approves Major Disaster Declaration for Nebraska

FEMA announced that federal disaster assistance is available to the state of Nebraska to supplement recovery efforts in the areas affected by severe storms, straight-line winds and tornadoes from April 25 – 27, 2024.  The President’s action makes federal funding available to affected individuals in Douglas and Washington counties. Assistance can include grants for temporary…

HUD: First Deal Delivered to Promote Energy Efficiency and Climate Resiliency for Massachusetts Families

Transaction enhances green features of renovation project in Quincy, Massachusetts. Today, the U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs, announced it completed a $750,000 grant transaction under the Green and Resilient Retrofit Program (GRRP) with Wollaston Lutheran Church. Grant funds will be used to finance energy efficiency and climate…

HUD: Disaster Assistance Announced for Oklahoma Survivors

The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for Oklahoma and ordered Federal assistance to State, tribal, and local recovery efforts in the areas affected by severe storms, straight-line winds, tornadoes, and flooding beginning on April 25, 2024, and continuing. President Biden issued a major disaster declaration in the counties…

FDIC: List of Banks Examined for CRA Compliance Issued

The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA).  The list covers evaluation ratings that the FDIC assigned to institutions in February 2024. The CRA is a 1977 law intended to encourage insured banks and thrifts to meet local credit…

Agencies Issue Guide to Assist Community Banks to Develop and Implement Third-Party Risk Management Practices

Federal bank regulatory agencies today released a guide to support community banks in managing risks presented by third-party relationships. Community banks engage with third parties to help compete in and respond to an evolving financial services landscape. Third-party relationships present varied risks that community banks are expected to appropriately identify, assess, monitor, and control to…