HUD: Step Announced Towards Addressing Bias in the Home Appraisal Process for People Seeking FHA Financing
A preview of the policy update is available for public feedback on FHA’s Drafting Table web page Today, at an event at the Brookings Institute, HUD Secretary Marcia L. Fudge announced that HUD, through the Federal Housing Administration, is creating a process that people seeking FHA financing can use to request a review of their appraisal…
HUD: First-Ever Blueprint to Decarbonize America’s Transportation Sector Released
Landmark Blueprint Will Advance the President’s Clean Transportation Agenda, Slashing Consumer Costs, Improving Public Health, and Increasing the Nation’s Energy Security The Biden-Harris Administration today released the U.S. National Blueprint for Transportation Decarbonization. Developed by the Departments of Energy, Transportation, Housing and Urban Development, and the Environmental Protection Agency, the Blueprint is a landmark strategy…
OCC: Registration for OCC Symposium on Bank Mergers Opened
The Office of the Comptroller of the Currency (OCC) today announced registration is open for its symposium on bank mergers February 10, 2023, at its headquarters in Washington, D.C. The symposium will include panel discussions among thought leaders, academics, community groups, and the banking industry on bank mergers and is open to the public for…
OCC: Revisions to Fair Lending Booklet Issued
The Office of the Comptroller of the Currency (OCC) today issued a revised version of the “Fair Lending” booklet of the Comptroller’s Handbook. The “Fair Lending” booklet provides information and examination procedures to assist OCC examiners in assessing fair lending risk and evaluating compliance with the Fair Housing Act, the Equal Credit Opportunity Act (ECOA), and…
HUD: Rental Assistance Demonstration Conversion Closed with Housing Authority of the City of New Haven, CT as a Step in Plan to Preserve 110 Affordable Rental Homes
$16.7 million RAD transaction includes construction of 32 new affordable rental homes and a community center at Waverly Townhouses as part of second phase of Housing Authority’s re-development plan The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing is announcing today that it recently closed a Rental Assistance Demonstration (RAD) transaction with…
CFPB: Rule Proposed to Establish Public Registry of Terms & Conditions in Form Contracts That Claim to Waive or Limit Consumer Rights & Protections
Companies can use terms and conditions in non-negotiable form contracts to try to hide consumer harm, to stifle criticism about products and services, and to undermine consumer financial protection law Today, the Consumer Financial Protection Bureau (CFPB) proposed a rule to establish a public registry of supervised nonbanks’ terms and conditions in “take it or…
SBA: Applications for the SBA Veteran Small Business Certification Program Now Open
Today, the U.S. Small Business Administration (SBA)began accepting applications through the Veteran Small Business Certification (VetCert) program as part of the Biden-Harris Administration’s commitment to expanding access to resources for Veterans and other underserved populations. The improvements in the customer experience for Veteran entrepreneurs and business owners made by VetCert will build upon the $25 billion in government contract…
FEMA: President Biden Approves Emergency Declaration for California
FEMA announced today that federal disaster assistance has been made available to the state of California to supplement state, local and tribal response efforts due to emergency conditions resulting from severe winter storms, flooding and mud slides beginning Jan. 8, 2023, and continuing. The President’s action authorizes FEMA to coordinate all disaster relief efforts to alleviate…
HUD: Rental Assistance Demonstration Conversion Closed in Albany, NY to Faciltate Creation and Rehabilitation of Affordable Rental Homes
HUD CLOSES RENTAL ASSISTANCE DEMONSTRATION (RAD) CONVERSION IN ALBANY, NY, TO FACILITATE CREATION AND REHABILITATION OF AFFORDABLE RENTAL HOMES $32 million transaction with the Albany Housing Authority will facilitate creation and preservation of 88 affordable rental homes in Steamboat Square Community. WASHINGTON, D.C. – The U.S. Department of Housing and Urban Development’s Office of Multifamily…