FHFA: Notice of Proposed Rulemaking Issued to Amend 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 the Enterprise Regulatory Capital Framework (ERCF) for Fannie Mae and Freddie Mac (the Enterprises). The proposed amendments would refine the prescribed leverage buffer amount (PLBA) and the capital treatment of credit risk transfers…
CDFI Fund: Public Comments Sought on CDFI Bond Guarantee Program Materials
The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Pub. L. No. 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently,…
CDFI Fund: Virtual Public Meeting of the CDFI Fund’s Advisory Board Will Be Held on September 30th
In light of the recent White House announcement naming private-sector members of the Community Development Advisory Board (Advisory Board), the Community Development Financial Institutions Fund (CDFI Fund) is convening a meeting of the the Advisory Board from 3:30 to 5:00 p.m. Eastern Daylight Time on Thursday, September 30, 2021. This meeting will be conducted virtually. The function…
FEMA: President Biden Approves Emergency Declaration for Louisiana
FEMA announced that federal emergency aid has been made available to the state of Louisiana to supplement state, tribal and local response efforts to the emergency conditions in the areas affected by Tropical Storm Nicholas, beginning on Sept. 12, 2021 and continuing. The President’s action authorizes FEMA to coordinate all disaster relief efforts, which have the purpose of alleviating the hardship and suffering caused by the…
HUD: $51 Million Announced in Funding Opportunities for Housing Counseling Agencies
Notice published today allows HUD-approved housing counseling agencies and intermediaries to apply for funding to maintain and expand critical services for the nation’s renters, homebuyers, and homeowners. The U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling announced on Tuesday it is making $51 million in grants available through a Notice of Funding…
FHFA: Certain Portions of the 2021 Preferred Stock Purchase Agreements Suspended
Today, the Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury (Treasury) suspended certain provisions added to the Preferred Stock Purchase Agreements (PSPAs) with Fannie Mae and Freddie Mac (the Enterprises) on January 14, 2021. “This suspension will provide FHFA time to review the extent to which these requirements are redundant or…
FEMA: President Biden Approves Major Disaster Declaration for California
FEMA announced that federal disaster assistance has been made available to the state of California to supplement state and local recovery efforts in the areas affected by wildfires from Aug. 14 and continuing. Federal funding is available to the state, eligible local and tribal governments and certain private nonprofit organizations on a cost-sharing basis for…
FEMA: President Biden Approves Major Disaster Declaration for Arizona
FEMA announced that federal disaster assistance has been made available to the state of Arizona to supplement state and local recovery efforts in the areas affected by severe storms and flooding from July 22-24, 2021. Federal funding is available to the state, eligible local and tribal governments and certain private nonprofit organizations on a cost-sharing…
HUD: $10 Million Awarded to Public Housing Agencies for Emergency Safety and Security Improvements
U.S. Department of Housing and Urban Development (HUD) Deputy Secretary Adrianne Todman today announced that the Department is awarding $10 million to 55 Public Housing Authorities (PHAs) throughout the country to make needed capital improvements in public housing developments that serve to enhance safety and security for residents. View a complete list of housing authorities that…
SBA: Awardees Announced for Two New Women’s Business Centers in Puerto Rico
The New Centers Will Increase Opportunities and Recovery Solutions for Women Entrepreneurs throughout the Island The U.S. Small Business Administration announced today the launch of two Women’s Business Centers (WBC) in Puerto Rico, hosted by Ana G. Méndez University, Gurabo Campus (UAGM-Gurabo), and Friends of Puerto Rico. The new centers will carry out the mission of helping…