HUD: Disaster Assistance Announced for New Jersey and New York Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for areas in the State of New Jersey and the State of New York affected by Hurricane Ida. On September 5, 2021 President Biden issued major disaster declarations for the New Jersey counties of Bergen, Gloucester, Hunterdon, Middlesex, Passaic, and Somerset,…
FHFA: Additional Data Released on Enterprise Fair Lending and Housing Goals
Today, the Federal Housing Finance Agency (FHFA) released several sets of demographic data related to Fannie Mae and Freddie Mac’s (the Enterprises) fair lending and housing goals activities. The rate of homeownership for minority families in the United States continues to lag well behind the national average. Fair lending is central to the principles under…
OCC: Proposal to Rescind 2020 Community Reinvestment Act Rule Issued
The Office of the Comptroller of the Currency (OCC) is soliciting comments on proposed rules to rescind the Community Reinvestment Act (CRA) rule issued in 2020 and replace it with rules adopted jointly by the Federal banking agencies in 1995, as amended. This action facilitates the ongoing interagency work to modernize the CRA regulatory framework…
HUD: Over Two Dozen Waivers Granted to Speed Hurricane Recovery
HUD cuts red tape to offer flexibility to state and local partners The U.S. Department of Housing and Urban Development (HUD) today announced a package of 27 regulatory and administrative waivers aimed at helping communities to accelerate their recovery from Hurricane Ida. Today’s announcement represents one of the largest collections of regulatory and administrative waivers…
FHFA: Equitable Housing Finance Plans for Fannie Mae and Freddie Mac Announced
Public input requested on how Enterprises can sustainably advance equitable housing finance Today, the Federal Housing Finance Agency (FHFA) is announcing that Fannie Mae and Freddie Mac (the Enterprises) will submit Equitable Housing Finance Plans to FHFA by the end of 2021. The Enterprises will update these plans annually. The plans will identify and address…
FEMA: President Biden Approves Major Disaster Declaration for New Jersey
FEMA announced that federal disaster assistance has been made available to the state of New Jersey to supplement state and local recovery efforts in the areas affected by the remnants of Hurricane Ida from Sept.1-3, 2021. The President’s action makes federal funding available to affected individuals in Bergen, Gloucester, Hunterdon, Middlesex, Passaic and Somerset counties. Assistance can include grants for temporary housing and home…
FEMA: President Biden Approves Major Disaster Declaration for New York
FEMA announced that federal disaster assistance has been made available to the state of New York to supplement state, tribal and local recovery efforts in the areas affected by the remnants of Hurricane Ida from Sept. 1-3, 2021. The President’s action makes federal funding available to affected individuals in Bronx, Kings, Queens, Richmond and Westchester…
FEMA: President Biden Approves Major Disaster Declaration for Nebraska
FEMA announced today that federal disaster assistance has been made available to the state of Nebraska to supplement state, tribal and local recovery efforts in the areas affected by severe storms and straight-line winds from July 9-10, 2021. Federal funding also is available to state, tribal and eligible local governments and certain private nonprofit organizations…
FEMA: President Biden Approves Emergency Declaration for New Jersey
FEMA announced that federal emergency aid has been made available to the state of New Jersey to supplement state, tribal and local response efforts due to the emergency conditions resulting from the remnants of Hurricane Ida, beginning Sept. 1, 2021 and continuing. The President’s action authorizes FEMA to coordinate all disaster relief efforts which have…
FEMA: President Biden Approves Emergency Declaration for New York
FEMA announced that federal emergency aid has been made available to the state of New York to supplement state, tribal and local response efforts due to the emergency conditions resulting from the remnants of Hurricane Ida, beginning Sept 1, 2021 and continuing. The President’s action authorizes FEMA to coordinate all disaster relief efforts which have the purpose of alleviating the hardship and…