Census Bureau: Schedule Released for Income, Poverty and Health Insurance Statistics and ACS Estimates for 2021
The U.S. Census Bureau’s schedule for the release of the 2021 Income, Poverty and Health Insurance statistics from the Current Population SurveyAnnual Social and Economic Supplement (CPS ASEC) and the American Community Survey (ACS) is as follows: Tuesday, Sept. 13, 2022 (no embargo): CPS ASEC will be released for calendar year 2021. National 2021 income statistics: Annual release of…
HUD: Updates Proposed to Manufactured Home Construction and Safety Standards
Proposed updates will expand the use of manufactured homes to address affordable housing supply and bring the “HUD Code” up to industry standards. The Department of Housing and Urban Development announced today its proposals for updating the Manufactured Home Construction and Safety Standards, commonly referred to as the “HUD Code.” The proposed updates were published…
OCC: Nominations Sought for Minority Depository Institutions Advisory Committee
The Office of the Comptroller of the Currency (OCC) is seeking nominations for members of its Minority Depository Institutions Advisory Committee (MDIAC). The MDIAC assists the OCC in assessing the needs and challenges facing minority depository institutions. The OCC is seeking nominations of individuals who are officers and/or directors of OCC-regulated minority depository institutions, or…
Federal Reserve: “Does Giving CRA Credit for Loan Purchases Increase Mortgage Credit in Low-to-Moderate Income Communities?” FEDS Notes Discussion
Finance and Economics Discussion Series (FEDS) Author: Kenneth P. Brevoort Abstract: Under the Community Reinvestment Act (CRA) banks can fulfill their affirmative obligation to meet local credit needs by lending in low-to-moderate-income (LMI) communities or by purchasing loans made by others. This paper evaluates whether giving CRA credit for purchases has had its intended effect…
Federal Reserve: “Strengthening the CRA: A Conversation with Representatives of Native Communities”
Speech delivered at National Native Coalition Virtual Series on the Community Reinvestment Act Notice of Proposed Rulemaking (via webcast) by Vice Chair Lael Brainard Good afternoon.1 I am happy to join you today for the National Native Coalition listening session to discuss the Community Reinvestment Act (CRA). I want to thank the National Congress of American…
OCC: Minority Depository Institutions Advisory Committee Charter Renewed
The Office of the Comptroller of the Currency (OCC) has renewed the charter of its Minority Depository Institutions Advisory Committee (MDIAC), which assists the OCC in assessing the needs and challenges facing minority depository institutions. “The OCC places great importance on the input we receive from the members of the Minority Depository Institutions Advisory Committee,”…
EDA: $1.5 Million Invested to Support Construction of Continuing Education Training Facility at South Texas College in McAllen, TX
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.5 million grant to South Texas College, McAllen, Texas, to support construction of a 20,000 square foot facility to house the college’s continuing education training programs. This grant will provide new opportunities and expanded space for…
EDA: $4.2 Million Invested to Support Workforce Development Efforts in Southern Illinois
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $4.2 million grant to John A. Logan College, Carterville, Illinois, to construct the John A. Logan College Career and Technical Center at the college’s campus in Southern Illinois. This investment will allow John A. Logan College…
EDA: $5 Million Invested to Support Biomedical, Biotechnology and Advanced Manufacturing Sectors in Athens County, OH
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $5 million grant to Athens County Port Authority, Athens, Ohio, to build a 60,000 square-foot facility to house biomedical, biotechnology, and advanced manufacturing companies. This grant will support the expansion of local companies currently located at…
ABA: Brooke Ybarra Named as New Head of Office of Innovation
Brooke Ybarra has been named senior vice president of innovation and strategy at the American Bankers Association and will lead the group’s Office of Innovation. In this position, Ybarra will play a key role in helping ABA member banks keep pace with technological innovation by identifying promising startups and emerging technologies that benefit the banking…