FEMA: President Biden Approves Emergency Declaration for Illinois
FEMA announced that federal disaster assistance has been made available to the state of Illinois to supplement state and local recovery efforts in the areas affected by severe storms, straight-line winds and tornadoes on Dec. 10, 2021. The President’s action authorizes FEMA to coordinate all disaster relief efforts to alleviate the hardship and suffering caused…
OCC: Final Rule Issued to Rescind 2020 Community Reinvestment Act Rule
The Office of the Comptroller of the Currency (OCC) issued a final rule to rescind the June 2020 Community Reinvestment Act (CRA) rule and replace it with a rule based on the rules adopted jointly by the Federal banking agencies in 1995, as amended. This action is intended to facilitate the ongoing interagency work to modernize the…
CDFI Fund: New AMIS Interface Coming in January
In October, the Community Development Financial Institutions Fund (CDFI Fund) reported that its Awards Management Information System (AMIS) would be transitioning to an updated user interface. Originally scheduled to occur in mid-December, the conversion to the Salesforce Lightning environment is now scheduled to take place on January 14, 2022. While the Salesforce Lightning interface will improve the AMIS user…
CDFI Fund: Application Demand for FY 2021 Round of Capital Magnet Fund Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the application data for the fiscal year (FY) 2021 round of its Capital Magnet Fund program. A total of 146 organizations submitted applications requesting more than $991.8 million in funding. The applicants propose to serve 48 states, the District of…
ABA: Foundation Accepting Donations to Aid Tornado Victims in Kentucky
Acting on a request from the Kentucky Bankers Association, the ABA Foundation will raise funds to assist bank staff hit hard by the storms and aid local relief efforts The American Bankers Association Foundation today announced it will start collecting tax-exempt contributions through its Disaster Relief Program to help aid bank employees directly affected by…
FEMA: President Biden Approves Major Disaster Declaration for Kentucky
FEMA announced that federal disaster assistance has been made available to the Commonwealth of Kentucky to supplement state and local recovery efforts in the areas affected by severe storms, straight-line winds, flooding and tornadoes beginning Dec. 10, 2021, and continuing. The President’s action makes federal funding available to affected individuals in Caldwell, Fulton, Graves, Hopkins,…
FEMA: Response to Torando-Damage Areas Continues and Kentucky Received Major Disaster Declaration Approval
President Joseph R. Biden, Jr. approved Kentucky’s request for an expedited major disaster declaration Sunday night. The declaration authorizes federal assistance for disaster survivors in Caldwell, Fulton, Graves, Hopkins, Marshall, Muhlenberg, Taylor and Warren counties. The declaration was granted after FEMA Administrator Deanne Criswell and DHS Sec. Alejandro Mayorkas visited affected areas of Kentucky Sunday to see…
HUD: Disaster Assistance Announced for Kentucky Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for areas in the Commonwealth of Kentucky affected by severe storms, straight-line winds, flooding, and tornadoes beginning on December 10, 2021, and continuing. On December 12, President Biden issued a major disaster declaration for the counties of Caldwell, Fulton, Graves,…
HUD: Nonprofit Bidders Successfully Purchased More Than 800 Mortgage Notes through HUD-Held Vacant Loan Sale
Competitive bid sale provided priority bidding on 50 percent of mortgage notes in multi-loan pools by non-profit organizations and units of state and local government. The U.S. Department of Housing and Urban Development’s Office of Asset Sales announced on Thursday that 23 mission-driven non-profit organizations successfully participated – and 11 were awarded pools – in its…
SBA: $1.1 Million in Awards Announced to Support Native American Entrepreneurs
The U.S. Small Business Administration (SBA) announced the awardees of $1.1 million in grants and contracts to promote the development, success, and long-term sustainability of Native American-owned businesses. “Native-owned small businesses are vital to our shared economic future, and the SBA is committed to engaging and supporting them. The $1.1 million in awards will provide a boost…