Treasury: New Designation Cycle for Opportunity Zones Opens
The Working Families Tax Cuts Permanently Established a Process for States to Drive More Capital to Overlooked Communities Across America The U.S. Department of the Treasury announced the opening of the next nomination period for states, territories, and the District of Columbia to nominate eligible communities to be designated as Qualified Opportunity Zones (QOZs). Under…
SBA: Final Disaster Relief Extension for January 2025 Los Angeles Wildfire Survivors Announced
Agency provides unprecedented access to a record $3.4 billion in low-interest loans to rebuild homes and small businesses Today, the U.S. Small Business Administration (SBA) announced a final extension of disaster relief deadlines for Los Angeles wildfire survivors, as local permitting obstacles and insurance disputes continue to prevent thousands of residents from rebuilding. This action gives approved SBA…
FFIEC: Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies
Federal bank regulatory agencies today released the 2026 list of certain geographies where certain bank activities are eligible for Community Reinvestment Act (CRA) credit. Under the CRA, the agencies assess a bank’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with safe and sound operations. The list…
FHFA: House Price Index Down 0.1 Percent in April 2026; Up 2.0 Percent from Last Year
U.S. house prices fell nationwide in April, down 0.1 percent from the previous month, according to the U.S. Federal Housing (FHFA) seasonally adjusted monthly House Price Index (FHFA HPI®). House prices rose 2.0 percent from April 2025 to April 2026. The previously reported 0.1 percent price change in March was revised upward to 0.2 percent. For the nine…
OCC: Mortgage Performance Report for First Quarter 2026 Released
The Office of the Comptroller of the Currency (OCC) reported on the performance of first-lien mortgages in the federal banking system during the first quarter of 2026. The OCC Mortgage Metrics Report, First Quarter 2026 showed that 97.7 percent of mortgages included in the report were current and performing at the end of the quarter, a slight…
CDFI Fund: FY 2026 CDFI Bond Guarantee Program Application Period Opens
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today announced the opening of the fiscal year (FY) 2026 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in guarantee authority is available for Eligible Community Development Financial Institutions (Eligible CDFIs) in FY 2026, subject…
CDFI Fund: FY 2026 Bank Enterprise Award Program Funding Round Opens
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2026 funding round for the Bank Enterprise Award Program (BEA Program). Up to $40 million is available in awards to eligible Federal Deposit Insurance Corporation (FDIC)-insured depository institutions through the FY 2026 round of the program….
CDFI Fund: FY 2026 Small Dollar Loan Program Funding Round Opens
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2026 funding round for the Small Dollar Loan Program (SDL Program) today. SDL Program funding is intended to expand consumer access to financial institutions by providing alternatives to high-cost small dollar lending. The SDL Program funding is…
FFIEC: Statement Issued on Promoting De Novo Depository Institution Formation
The Federal Financial Institutions Examination Council, on behalf of its member entities, released a statement on promoting de novo depository institution formation. The statement includes agency-specific resources for applicants. The statement should not be interpreted as new instructions; instead, it offers further transparency into the de novo formation process. The statement and links to the…