HUD: Disaster Assistance Announced for Victims of Hurricane Laura
Foreclosure protection offered to displaced families The U.S. Department of Housing and Urban Development (HUD) today announced federal disaster assistance for the State of Louisiana to provide support to homeowners and low-income renters displaced from their homes in areas affected by Hurricane Laura. On August 28th, President Trump issued a major disaster declaration for the following parishes…
HUD: Georgia Commission on Equal Opportunity Joins the Fair Housing Assistance Program
The Department of Housing and Urban Development announced today that the Georgia Commission on Equal Opportunity (GCEO) is joining the Fair Housing Assistance Program (FHAP) as an Interim Certified agency. GCEO is a state-level fair housing enforcement agency and is the only organization of its type serving the state. HUD’s Fair Housing Assistance Program comprises…
OCC: CRA Evaluation Schedule for Fourth Quarter 2020 and First Quarter 2021 Issued
The Office of the Comptroller of the Currency (OCC) today released its schedule of Community Reinvestment Act (CRA) evaluations to be conducted in the fourth quarter 2020 and first quarter 2021. The OCC encourages public comment on the national banks and federal savings associations scheduled to be evaluated under the CRA. Public comments should be…
HUD: $100 Million in CARES Act Funding Provided to Native American Tribes to Support Coronavirus Recovery Efforts
Today, the U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced that HUD has awarded a total of $100 million to Tribes across the Nation as part of HUD’s Indian Community Development Block Grant Imminent Threat program (ICDBG-CARES). This funding helps address problems that pose an imminent threat to public health or…
FDIC: CRA Examination Schedules for Fourth Quarter 2020 and First Quarter 2021 Issued
The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the fourth quarter 2020 and first quarter 2021. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of each quarter. …
CFPB: New Report Examines Early Impact of Pandemic on Consumer Credit
The Consumer Financial Protection Bureau (Bureau) issued a report today examining the early effects of the COVID-19 pandemic on consumer credit. The report found that consumers have not experienced significant increases in delinquency or other negative credit outcomes as reported in credit record data following the onset of the COVID-19 pandemic in the United States….
EDA: Over $82 Million in CARES Act Funding Invested to Support Recovery from Coronavirus Pandemic
The U.S. Department of Commerce’s Economic Development (EDA) administration has awarded over $10 Million in CARES Act Funding to support economic development and economic recovery in response to the coronavirus pandemic. Investments include: August 28, 2020 – U.S. Department of Commerce Invests $13 Million in CARES Act Funding to Capitalize Revolving Loan Funds to Help Small…
EDA: $1.2 Million Invested to Establish New Business Park in Richfield, NY
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to the County of Otsego Industrial Development Agency, Oneonta, New York, to establish the Richfield Springs Eco-Industrial Business Park. The EDA grant, to be matched with $325,000 in state funds and $875,000 in local…
OCC: Acting Comptroller Hosts Access to Capital Forum in Denver to Highlight CRA Activities
Acting Comptroller of the Currency Brian Brooks today hosted an “Access to Capital Forum” in Denver to promote investment and lending in underserved areas and to highlight activities supported by the Office of the Comptroller of the Currency’s (OCC) new Community Reinvestment Act (CRA) rule. “Today, we brought together bankers, community developers, and advocates to…