FHFA: Notice of Proposed Rulemaking Issued Modifying Certain Provisions of the Enterprise Regulatory Capital Framework
Today, the Federal Housing Finance Agency (FHFA) announced that it is seeking comment on a notice of proposed rulemaking that would amend several provisions of the Enterprise Regulatory Capital Framework (ERCF) for Fannie Mae and Freddie Mac (the Enterprises). “As a safety and soundness regulator, FHFA monitors the housing finance market and evaluates the underlying…
EDA: U.S. Department of Commerce Seeks Public Input on New Recompete Pilot Program That Supercharges Communities with High Unemployment
The U.S. Department of Commerce’s Economic Development Administration (EDA) is seeking public input on its new Recompete Pilot Program that will make focused investments in distressed communities across the country, creating and connecting workers to good jobs and supporting long-term comprehensive economic development by helping to reduce the high, prime-age (25 to 54 years of age) employment…
Census Bureau: Household Pulse Survey Phase 3.7 Monthly Data Released
The U.S. Census Bureau today released new data from phase 3.7 of the experimental Household Pulse Survey (HPS). The HPS is an effort by the Census Bureau and other federal statistical agencies to provide near real-time data on how the COVID-19 pandemic, and changes in social and economic conditions are affecting people’s lives to inform federal and…
HUD: FHA Annual Mortgage Insurance Premium Deducations To Save Homebuyers an Average of $800 Annually on Mortgage Payments
30 basis point reduction in FHA annual mortgage insurance premium supports Biden-Harris Administration goals to make homeownership more affordable and accessible for working families. Today, the Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), announced a 30 basis point reduction to the annual mortgage insurance premiums (annual MIP) charged to homebuyers who…
FHFA: Public Comment Period Announced for Federal Home Loan Bank Members’ Community Support Performance
The Federal Housing Finance Agency (FHFA) today announced that the Agency will review all applicable Federal Home Loan Bank (FHLBank) members in 2023 under FHFA’s community support program (CSP) regulation. FHFA is issuing a Federal Register Notice inviting the public to comment on the community support performance of individual members of the FHLBanks. “The FHLBanks’…
FEMA: President Biden Approves Major Disaster Declaration for Rosebud Sioux Tribe
FEMA announced that federal disaster assistance has been made available to the Rosebud Sioux Tribe to supplement tribal recovery efforts in the areas affected by the severe winter storms and snowstorm from Dec. 12-25, 2022. Federal funding is available to the tribe and certain private nonprofit organizations on a cost-sharing basis for emergency protective measures,…
FEMA: President Biden Approves Major Disaster Declaration for Oglala Sioux Tribe
FEMA announced that federal disaster assistance has been made available to the Oglala Sioux Tribe to supplement tribal recovery efforts in the areas affected by the severe winter storms and snowstorm from Dec. 12-25, 2022. Federal funding is available to the tribe and certain private nonprofit organizations on a cost-sharing basis for emergency protective measures,…
ABA: New Webpage Launched Highlighting Programs Designed to Improve Access to Capital for Underserved Small Businesses
The American Bankers Association today launched a new webpage providing information on special purpose credit programs (SPCPs) and highlighting the role they can play in meeting the credit needs of economically disadvantaged small businesses. In support of the Office of the Comptroller of the Currency’s Project REACh, ABA is making this online resource available for banks and other…
HUD: $3.16 Billion Awarded for Critical Investments in Nation’s Public Housing
Funding will allow housing authorities to modernize public housing for families, individuals, seniors Today, the U.S. Department of Housing and Urban Development awarded $3.16 billion in funding to nearly 2,770 public housing authorities (PHAs) in all 50 states, as well as the District of Columbia, Guam, Puerto Rico and the U.S. Virgin Islands to make…
HUD: Over $38 Million Awarded to Protect Families from Home Health and Safety Hazards
Funding to make low-income families’ homes safer and healthier and create job opportunities for health housing practitioners Today, the U.S. Department of Housing and Urban Development (HUD) awarded over $38 million to city, county, and Native American tribal governments, and non-profit organizations in 17 states to protect children and families from home health hazards. HUD…