HUD: Over $118 Million Awarded to Local Homeless Programs
Funding will support service providers and non-profits across the Nation Today, the U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced over $118 million in grants to support local homeless assistance programs across the country. This round of HUD’s Continuum of Care grants will provide critically needed support to approximately 630 local programs on…
FEMA: Eight More Puerto Rico Municipalities Eligible for Individual Assistance
Eight more municipalities that were affected by the earthquakes that began in December in Puerto Rico have been designated as eligible for FEMA’s Individual Assistance program. At the request of the Government of Puerto Rico, FEMA extended eligibility for disaster assistance to Aguada, Añasco,Barceloneta, Coamo, Moca, Naranjito, Salinas and Santa Isabel. “I am very grateful to FEMA for accepting our request so…
SBA: Disaster Assistance Loans Available for Small Businesses Impacted by Coronavirus (COVID-19)
SBA Administrator Jovita Carranza issued the following statement today in response to the President’s address to the nation: “The President took bold, decisive action to make our 30 million small businesses more resilient to Coronavirus-related economic disruptions. Small businesses are vital economic engines in every community and state, and they have helped make our economy the strongest…
FEMA: President Trump Approves Major Disaster Declaration for Wisconsin
FEMA announced that federal disaster assistance has been made available to the state of Wisconsin to supplement state and local recovery efforts in the areas affected by severe winter storm and flooding from Jan. 10-12, 2020. Federal funding is available to the state, eligible local governments and certain private nonprofit organizations on a cost-sharing basis…
FHFA: Evaluation Criteria Strengthened for Duty To Serve Program
The Federal Housing Finance Agency (FHFA) today announced it is strengthening the evaluation criteria of the Duty to Serve (DTS) Underserved Markets program through the Evaluation Guidance for Fannie Mae and Freddie Mac (the Enterprises). The updated guidance will ensure the Enterprises’ DTS programs have a significant impact in underserved communities. See the updated Evaluation…
CDFI Fund: Important Reminders for FY 2020 CDFI Program and NACA Program Round Applicants
As a reminder for fiscal year (FY) 2020 Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) applicants, the deadline for online submission of the SF-424 through Grants.gov for this year’s CDFI Program and NACA Program funding rounds is March 23, 2020 at 11:59 PM ET. Applicants must also have created…
Agencies Encourage Financial Institutions to Meet Financial Needs of Customers and Members Affected by Coronavirus
Federal financial institution regulators and state regulators today encouraged financial institutions to meet the financial needs of customers and members affected by the coronavirus. The agencies recognize the potential impact of the coronavirus on the customers, members, and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision….
Census Bureau: 2020 Census Invitations Arrive March 12-20
Ninety-five percent or about 143 million households in the country will receive an initial invitation to respond to the 2020 Census in their mailboxes between March 12 and 20. The U.S. Census Bureau released informational copies today of the invitations, the enclosed materials, and the subsequent reminders households will receive. These materials can help the…
FFIEC: Updated Guidance on Pandemic Planning Issued
The Federal Financial Institutions Examination Council (FFIEC) today updated guidance identifying actions that financial institutions should take to minimize the potential adverse effects of a pandemic. Pandemic preparedness is an important part of a financial institution’s business continuity planning. The guidance provides the Council’s prudent expectations that regulated institutions should periodically review related risk management…
Federal Reserve: CRA Analytics Data Tables Published
The Federal Reserve Board on Friday released a series of Community Reinvestment Act (CRA) Analytics Data Tables. This data resource is intended to provide insight into the historical relationship between bank lending activity and regulatory assessments. The tables combine Home Mortgage Disclosure Act (HMDA) data, CRA small business and small farm loan data, and manually…