ABA: New Campaign Seeks to Educate Holiday Shoppers About Scams
Banking Industry Ramps Up Efforts to Empower Consumers to Spot Scams With the holidays in full swing, the American Bankers Association and member banks across the country are stepping up efforts to educate consumers on the threat of scams and how to protect themselves this holiday shopping season. Scammers are taking advantage of the holidays…
CDFI Fund: Public Comments Sought on the NMTC Allocation and Qualified Equity Investment Tracking System
The Community Development Financial Institutions Fund (CDFI Fund), U.S. Department of the Treasury, is soliciting comments concerning the New Markets Tax Credit Program (NMTC Program) Allocation and Qualified Equity Investment Tracking System (AQEI). The NMTC Program provides an incentive to investors in the form of tax credits over a seven year period and stimulates the…
FEMA: 14 Municipalities in Puerto Rico Added to Major Disaster Declaration
Yesterday, FEMA announced that is has amended the Major Disaster Declaration issued to the Government of Puerto Rico to approve an additional 14 municipalities for the Public Assistance (PA) program. “Once again, and as I said before, it’s really important that the federal and the local government work together as one team. Adding another 14…
HUD and Census Bureau: New Residential Sales Report for October 2022 Released
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for October 2022: New Home SalesSales of new single‐family houses in October 2022 were at a seasonally adjusted annual rate of 632,000, according to estimates released jointly today by the U.S. Census Bureau…
SBA: Statement on the Restaurant Revitalization Fund
Today, the U.S. Small Business Administration (SBA) issued the following statement regarding the status of the Restaurant Revitalization Fund. “This week, the U.S. Small Business Administration (SBA) began distribution of returned funding in the Restaurant Revitalization Fund (RRF) program, following the program’s closure in June 2021. In doing so, the SBA worked with the advice of the Department of…
FEMA: President Biden Approves Major Disaster Declaration for South Carolina
FEMA announced that federal disaster assistance has been made available to the state of South Carolina to supplement state, local and tribal recovery efforts in the areas affected by Hurricane Ian beginning Sept. 25 to Oct. 4, 2022. The President’s action makes federal funding available to affected individuals in Charleston, Georgetown and Horry counties. Assistance…
FEMA: President Biden Approves Emergency Declaration for New York
FEMA announced that federal emergency aid has been made available to the state of New York to supplement state, tribal and local response efforts to the emergency conditions in the areas affected by a severe winter storm beginning Nov. 18, 2022 and continuing. The President’s action authorizes FEMA to coordinate all disaster relief efforts, which…
FEMA: President Biden Amends Puerto Rico Disaster Declaration
FEMA announced today that additional disaster assistance is available to the Commonwealth of Puerto Rico through an increase in the level of federal funding for Public Assistance projects undertaken in the Commonwealth as a result of Hurricane Fiona during the period of Sept. 17-21, 2022. The federal share for debris removal and emergency protective measures,…
HUD: Flood Insurance Options Increased for Homeowners with FHA Mortgages Living in Special Flood Areas
Federal Housing Administration to allow private flood insurance policies on insured single-family mortgages in special flood hazard areas The U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), is announcing today that effective December 21, 2022, it will allow homeowners with FHA-insured mortgage financing to obtain flood insurance policies that conform to…
HUD: 87 Affordable Rental Homes Preserved Through Rental Assistance Demonstration Conversion with the Housing Authority of the City of Little Rock
Recently closed RAD conversion transaction supports affordable rental homes across three properties in southwest Little Rock, AR The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing recently closed a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of the City of Little Rock, AR, to preserve and rehabilitate 87 affordable rental…