HUD: Research Grant Opportunity Announced to Study Off-site Construction and Land Use Reforms
On June 15, the U.S. Department of Housing and Urban Development (HUD) released a notice of funding opportunity (NOFO) to build the evidence base to accelerate the adoption of innovative and effective practices and policies to increase the production and supply of quality, affordable housing. The NOFO provides up to $4 million to (1) assess the potential…
HUD: $14.4 Million in Housing Counseling Grants Awarded
Awards will support efforts to expand housing services and counseling into underserved communities The U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling (OHC) is announcing today that it has awarded more than $14.4 million in housing counseling grant funding to 180 housing counseling organizations. The awards will support the comprehensive housing counseling services…
HUD: First-of-its-Kind Housing Counseling Advisory Committee Meeting Announced at Japanese American National Museum
Committee meeting in Los Angeles will focus on strategies for reaching Asian American, Native Hawaiian, and Pacific Islander Households The U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling is hosting its next Housing Counseling Federal Advisory Committee (HCFAC) meeting at the Japanese American National Museum in Los Angeles, CA on Thursday,…
HUD: African American CEO Roundtable Discussion Convened with Leaders from the Nation’s Leading Organizations
With a mission to close the racial wealth gap and increase access to homeownership, African American industry leaders answered Secretary Fudge’s call to action. In honor of National Homeownership Month, U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge met with prominent African American Leaders from across the country to discuss closing…
CFPB: Report Released on Banking Access and Consumer Finance in Southern States
Reports highlight gaps and identify opportunities to improve financial outcomes for many Southerners The Consumer Financial Protection Bureau (CFPB) today issued two new reports on the financial opportunities and challenges facing Southern communities. The Southern U.S. is home to diverse populations, including many rural areas. Many areas of the Southern region are considered “banking deserts”…
SBA: Second Annual Small Business Cyber Summit Scheduled During Cybersecurity Awareness Month
Experts from the Cybersecurity and Business Worlds Convene to Share Best Practices and Practical Tools The U.S. Small Business Administration (SBA) announced today that the agency will host a cyber summit in October 2023. The free cybersecurity series supports America’s 33 million small businesses with tools, tips, and resources from multiple federal agencies to bolster their…
CFPB: New Report Identifies Issues with Increased Servicemember Use of Digital Payment Apps
Annual report also highlights other financial challenges facing the military community Today, the Consumer Financial Protection Bureau (CFPB) released its annual report on the top financial concerns facing military families. The report highlights the growth of digital payment app usage in the servicemember community, the unique risks to servicemembers from these services, and the potential…
HUD: $2 Million in Funding Available to Small Communities through Main Street Program
Today, the US Department of Housing and Urban Development (HUD) announced a Notice of Funding Opportunity (NOFO) of $2 million through the HOPE VI Main Street Program. This grant program provides assistance to communities looking to create affordable housing in central business districts (Main Street areas) that are undergoing redevelopment. HUD is looking to target…
FDIC: Clarification of Supervisory Approach Issued Regarding Supervisory Guidance on Multiple Re-Presentment NSF Fees
The FDIC has updated its Supervisory Guidance on Multiple Re-Presentment NSF Fees (FIL-40-2022) to clarify its supervisory approach for corrective action when a violation of law is identified. Statement of Applicability: The contents of, and material referenced in, this FIL apply to all FDIC-supervised financial institutions. Highlights: Since the issuance of the Supervisory Guidance on Multiple Re-Presentment NSF Fees…
CDFI Fund: Sources Sought Notice Issued for the CDFI Rapid Response Program, CDFI Equitable Recovery Program and Emergency Capital Investment Program
On June 15, 2023, the Community Development Financial Institutions Fund (CDFI Fund) released a Sources Sought Notice for a multi-year evaluation of the CDFI Fund’s CDFI Rapid Response Program (CDFI RRP), CDFI Equitable Recovery Program (CDFI ERP), and the U.S. Department of the Treasury’s (Treasury) Emergency Capital Investment Program (ECIP). Industry and subject-matter experts are…