FEMA: President Biden Approves Major Disaster Declaration for Virginia
FEMA announced that federal disaster assistance is available to the Commonwealth of Virginia to supplement recovery efforts in the areas affected by Tropical Storm Helene from Sept. 25, 2024, and continuing. The President’s action makes federal funding available to affected individuals in Giles, Grayson, Smyth, Tazewell, Washington and Wythe counties and the independent city of Galax. Assistance…
HUD: More Than $279 Million in New Housing Investments Announced
New awards will support climate resilience and energy efficiency renovations. The U.S. Department of Housing and Urban Development (HUD) today announced nearly $279 million in awards to properties across 23 states and territories under its Green and Resilient Retrofit Program (GRRP) to support significant energy efficiency and climate resilience renovations of more than 3,500 homes. These Comprehensive grants…
HUD: New Actions Announced to Improve HUD’s Handbook for the Management of Multifamily Affordable Homes
Process kicks off the first set of comprehensive updates to the Handbook since 1992 and will provide HUD-assisted property owners and managers with comprehensive guidance to better meet the needs of renters across America. The U.S. Department of Housing and Urban Development (HUD) today announced the start of its process to update the Multifamily Asset…
HUD: Over $1.1 Million Invested to Modernize Senior Housing in Baltimore
Two recently closed transactions will fund repairs and energy efficiency and climate resilience improvements. Today, the U.S. Department of Housing and Urban Development’s (HUD) announced the closing of two transactions, totaling $1.1 million, to help finance repairs and energy efficiency and climate resilience improvements at two multifamily properties in Baltimore, Maryland, home to 143 seniors….
FDIC: 2024 Small Business Lending Survey Report Issued
The Federal Deposit Insurance Corporation (FDIC) today released the 2024 Small Business Lending Survey Report (SBLS). Conducted in 2022, the SBLS is a nationally representative sample of U.S. banks that offers important insights into their small business lending practices and how banks meet the credit needs of the nation’s small businesses. The SBLS gathered responses from…
Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by Hurricane Helene
The Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration, the Office of the Comptroller of the Currency, and state financial regulators, collectively the agencies, recognize the serious impact of Hurricane Helene on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject…
FEMA: President Biden Approves Major Disaster Declaration for Georgia
FEMA announced that federal disaster assistance is available to the state of Georgia to supplement recovery efforts in the areas affected by Hurricane Helene from Sept. 24, 2024 and continuing. The President’s action makes federal funding available to affected individuals in Appling, Brooks, Coffee, Columbia, Jefferson, Liberty, Lowndes, Pierce, Richmond, Tattnall and Toombs counties. Assistance…
HUD: More Than $22 Million Announced to Combat Housing Discrimination in America
Grants will support fair housing education, outreach, testing, and enforcement activities to end racial discrimination in America’s housing system. The U.S. Department of Housing and Urban Development (HUD) today announced the availability of $22,241,793 to fair housing organizations across the nation to bolster ongoing efforts to address housing discrimination. Funds announced today through HUD’s Fair…
EDA: Additional $5 Million Invested to Support Indigenous Communities through Existing Public Works and Economic Adjustment Assistance Funding Opportunities
Today, the U.S. Economic Development Administration (EDA) announced an update to the FY 2023 EDA Public Works and Economic Adjustment Assistance Program (PWEAA) funding opportunity, including an addendum to provide $5 million for indigenous communities. The additional funding expands on the transformational work of the American Rescue Plan Act’s (ARPA) Assistance to Indigenous Communities (AIC) program and EDA’s…
OCC: Bank Supervision Operating Plan for Fiscal Year 2025 Released
The Office of the Comptroller of the Currency (OCC) today released its bank supervision operating plan for fiscal year (FY) 2025. The plan outlines the OCC’s supervision priorities and objectives for the year. It also facilitates the implementation of supervisory strategies for individual national banks, federal savings associations, federal branches and agencies of foreign banking…