HUD: New Appointments Announced to Housing Counseling Federal Advisory Committee
Members announced today join group that advises HUD on best practices for building an effective housing counseling program. Today, the U.S. Department of Housing and Urban Development (HUD) announced the appointment of 11 members to its Housing Counseling Federal Advisory Committee. The Committee serves a critical advisory role to HUD by helping shape the direction…
HUD: Aid Offered to Florida Disaster Victims
Today, the U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the State of Florida and ordered federal aid to supplement state, tribal, and local recovery efforts in the areas affected by Hurricane Milton beginning October 5, 2024 and continuing. President Biden issued a major disaster declaration for the state…
FEMA: President Biden Approves Major Disaster Declaration for South Carolina
President Joseph R. Biden, Jr., approved a major disaster declaration for South Carolina on Sept. 29, 2024. Federal disaster assistance is available to the state of South Carolina to supplement recovery efforts in the areas affected by Tropical Storm Debby on Aug. 4-22, 2024. Public Assistance federal funding is available to the state, tribal and eligible…
SBA: Funding for New Disaster Loans Exhausted
Disaster Survivors in Need of Loans Should Continue to Apply While SBA Awaits Additional Funding Today, the SBA announced that it has exhausted funds for its disaster loan program after warnings that funding would soon run out following increased demand from Hurricane Helene. Until Congress appropriates additional funds, the SBA is pausing new loan offers for its direct,…
HUD: Annual National Lead Poisoning Prevention Week Announced
HUD joins U.S. Environmental Protection Agency and Centers for Disease Control in week-long call to action to end childhood lead poisoning in America. The U.S. Department of Housing and Urban Development (HUD) announced plans to observe the 25th National Lead Poisoning Prevention Week (NLPPW), in partnership with the U.S. Environmental Protection Agency (EPA), and the…
Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Hurricane Milton
The Federal Deposit Insurance Corporation, the Federal Reserve Board, the Florida Office of Financial Regulation, the National Credit Union Administration, and the Office of the Comptroller of the Currency, collectively the agencies, recognize the serious impact of Hurricane Milton on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to…
ABA: Letter Sent to the NCUA Urging that the Public Deserves Greater Transparency in Credit Union-Bank Acquisitions
In a letter sent to National Credit Union Administration Chairman Todd Harper today, American Bankers Association President and CEO Rob Nichols commended the agency for its renewed focus on credit union transparency and urged it to require greater accountability from credit unions seeking to acquire banks. The NCUA has indicated it may issue a Notice of Proposed…
FEMA: President Biden Approves Major Disaster Declaration for Florida
On Friday, President Joseph R. Biden, Jr. approved a Major Disaster Declaration for Florida. Federal disaster assistance is available to the state of Florida to supplement recovery efforts in the areas affected by Hurricane Milton from on Oct. 5, 2024, and continuing. The President’s action makes federal funding available to affected individuals in Brevard, Charlotte, Citrus, Clay,…
CDFI Fund: Treasury Guarantees $498 Million in Bond Funding for Projects in Low-Income Communities, Marking Largest Bond Issuance in Program History
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced an agreement to issue three guarantees worth $498 million under the CDFI Bond Guarantee Program, the largest issuance in the program’s history. The CDFI Bond Guarantee program provides long-term, fixed-rate capital for projects in low-income urban, rural, and Native communities, and the guarantees…
HUD: Funding Announced to Support People Experiencing or at Risk of Homelessness in North Carolina due to Tropical Storm Helene
$3 million in new grants will help provide shelter to displaced people after Tropical Storm Helene and new waiver process provides flexibility after disasters The U.S. Department of Housing and Urban Development (HUD) today announced $3 million for the State of North Carolina to support people experiencing homelessness in communities impacted by Hurricane Helene. Funding…