CDFI Fund: New Native CDFI Resource Bank Now Available
A new Resource Bank for the CDFI Fund’s “Building Native CDFIs’ Sustainability and Impact II (BNCSI II)” Capacity Building Initiative training is now available on the CDFI Fund’s website. For more than ten years, the CDFI Fund has used targeted training and technical assistance to build the capacity of the Native CDFI industry. To meet the…
Census Bureau: 2018 Rental Housing Finance Survey Summary Tables Now Available
New summary tables from the 2018 Rental Housing Finance Survey (RHFS) are now available in the RHFS table creator. The RHFS provides measures of financial, mortgage and property characteristics of residential properties with at least one housing unit for rent in the United States. It is the only data source that provides a comprehensive picture of…
FHFA: U.S. House Prices Rise 1.7 Percent in First Quarter 2020; Up 5.7 Percent from Last Year
U.S. house prices rose in the first quarter of 2020, up 1.7 percent according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 5.7 percent from the first quarter of 2019 to the first quarter of 2020. FHFA’s seasonally adjusted monthly index for March was up 0.1 percent from February. “Home price growth in the first…
EDA: $2 Million Invested to Protect Businesses from Flooding in Wells, NV
oday, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the city of Wells, Nevada, to make critical water infrastructure improvements needed to maintain commercial and industrial operations during significant flood events. The EDA grant, to be matched with more than $270,000 in…
EDA: $1 Million Invested to Establish Revolving Loan Fund for Businesses in Opportunity Zones in Southeast New Hampshire
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1 million grant to the Rockingham Economic Development Corporation (REDC) of Raymond, New Hampshire, to establish a Revolving Loan Fund (RLF) to provide critical gap financing to businesses and entrepreneurs in the REDC service area. The EDA…
ABA: Consumer, Banking Groups Applaud Bill to Exempt Economic Impact Payments from Garnishment
Consumer groups and banking industry organizations joined together today to support bipartisan legislation that would prevent Economic Impact Payments from being subject to garnishment. The following statement was issued today by the American Bankers Association, Bank Policy Institute, Consumer Bankers Association, The Clearing House, National Consumer Law Center (on behalf of its low income clients),…
FEMA: President Trump Approves Major Disaster Declaration for Alabama due to Severe Storms and Flooding
FEMA announced that federal disaster assistance has been made available to the state of Alabama to supplement state, tribal and local recovery efforts in the areas affected by severe storms and flooding from Feb. 5 to March 6, 2020. Federal funding also is available to state, tribal and eligible local governments and certain private nonprofit…
OCC: Comptroller Otting Stepping Down on May 29th; Brian Brooks Named Acting Comptroller of the Currency
Comptroller of the Currency Joseph M. Otting today announced he will step down from office on May 29, 2020, and pursuant to 12 USC 4 as designated by Secretary of the Treasury Steven T. Mnuchin, First Deputy and Chief Operating Officer Brian P. Brooks will become Acting Comptroller of the Currency. “It has been my…
CFPB: Consumer Complaint Bulletin Issued for Complaints Received during COVID-19 Pandemic
The Consumer Financial Protection Bureau (Bureau) today issued a report analyzing the complaints received during the COVID-19 pandemic. The bulletin shows that mortgage and credit card complaints top the list of complaints the Bureau has received that mention coronavirus or related terms. In April and May, the Bureau received historically higher complaints, however, complaints mentioning COVID-related…
FDIC: Statement by Chairman McWilliams on CRA Joint Proposed Rulemaking
Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams today released the following statement regarding the agency’s joint proposed rulemaking with the Office of the Comptroller of the Currency (OCC) to modernize the Community Reinvestment Act (CRA). “The CRA proposal the OCC and the FDIC issued last December was a culmination of a multi-year effort by…