CDFI Fund: Request for Public Comment Issued on Peformance Progress Report and Financial Statement Audit Report
The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the public and other Federal agencies to take this opportunity to comment on proposed information collections, as required by the Paperwork Reduction Act of 1995, Pub. L. No. 104-13 (44 U.S.C. 3506(c) (2) (A)). Currently, the…
FEMA: President Biden Approves Major Disaster Declaration for Alaska
FEMA announced today that federal disaster assistance has been made available to the state of Alaska to supplement state, tribal and local recovery efforts in the areas affected by a severe storm, flooding and landslides from Sept. 15-20. The President’s action makes federal funding available to affected individuals in the Regional Educational Attendance Areas of…
FEMA: President Biden Approves Emergency Declaration for Florida
FEMA announced that federal emergency aid has been made available to the state of Florida to supplement the state, tribal and local response efforts due to emergency conditions resulting from Tropical Storm Ian beginning Sept. 23 and continuing. The President’s action authorizes FEMA to coordinate all disaster relief efforts to alleviate the hardship and suffering…
HUD: More Than 19,000 New Housing Choice Vouchers Announced in Most Expansive Allocation of Flexible Rental Assistance in 20 Years
U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge traveled to Falls Church, Virginia today to announce the awarding of more than 19,000 new Housing Choice Vouchers (HCVs) to almost 2,000 Public Housing Agencies (PHAs) in nearly every community across the country. This is the most expansive allocation of flexible new rental…
CDFI Fund: Six-Month CDFI Certification Blackout Period Begins October 1, 2022
As a reminder the CDFI Fund will pause acceptance of new CDFI Certification Applications and Target Market Modifications for six months beginning on October 1, 2022 [1] to prepare for the launch of the revised CDFI Certification Application and reporting requirements. During the blackout period, CDFIs will be required to remain in a state of good standing with respect to…
FEMA: President Biden Approves Major Disaster Declaration for Puerto Rico
FEMA announced today that federal disaster assistance has been made available to the Commonwealth of Puerto Rico to supplement territorial and local recovery efforts in the areas affected by Hurricane Fiona beginning Sept. 17 and continuing. The President’s action makes federal funding available to affected individuals in 55 municipalities within the Commonwealth including Adjuntas, Aguas Buenas,…
HUD: $180 Million in Choice Neighborhoods Implementation Grants Announced
Awardees can use grant funds to transform public and/or other HUD-assisted housing, as well as the surrounding neighborhood U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge today announced the awarding of Choice Neighborhood Implementation (CNI) Grants totaling $180 million. Secretary Fudge made the announcement in Tulsa, Oklahoma, where she presented a…
FHFA: Second Quarter 2022 Foreclosure Prevention and Refinance Report Released
More than 6.5 million troubled homeowners helped since conservatorship The Federal Housing Finance Agency (FHFA) today released its second quarter 2022 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 96,945 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to…
OCC: New Executive Committee Members Announced
The Office of the Comptroller of the Currency (OCC) today announced three new members of its Executive Committee, effective October 10, 2022. Beverly Cole has been selected as the Senior Deputy Comptroller for Midsize and Community Bank Supervision. She will lead a team of 1,600 people in the supervision of more than 1,000 national banks…
CFPB: New Effort Launched to Spur New Opportunities for Homeowners in the Mortgage Market
Agency seeks information on refinances, mortgage products to promote competition and support household financial stability The Consumer Financial Protection Bureau (CFPB) is asking for public input on ways to spur new mortgage products that help households. The CFPB seeks insights on ways to improve mortgage refinances for homeowners who would benefit from refinancing, especially for…