FHFA: U.S. House Prices Rise 4.3 Percent over the Prior Year; Up 0.7 Percent from the Second Quarter of 2024
U.S. house prices rose 4.3 percent between the third quarter of 2023 and the third quarter of 2024, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI®). House prices were up 0.7 percent compared to the second quarter of 2024. FHFA’s seasonally adjusted monthly index for September was up 0.7 percent from August. “U.S. house price growth…
OCC: First and Second Quarter 2025 CRA Evaluation Schedule 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 first and second quarters of 2025. The OCC encourages public comment on the CRA-related activities of the national banks and federal savings associations (collectively, banks) scheduled to be evaluated under the…
HUD: More Than $6.5 Million Invested to Modernize Rental Homes for Families in Wisconsin, Maryland, and New Hampshire
Newly closed Green and Resilient Retrofit Program transactions will fund crucial repairs and energy efficiency and climate resilience improvements. Today, the U.S. Department of Housing and Urban Development (HUD) announced the recent closing of three Green and Resilient Retrofit Program (GRRP) transactions to help finance energy efficiency and climate resilience improvements for affordable rental homes…
FHFA: Enterprises’ Three-Year Plans Unveiled to Improve Housing Opportunities for the Underserved
Fannie Mae and Freddie Mac will expand their focus on rural communities among other activities outlined in blueprints aimed at advancing equitable housing access in markets and communities facing persistent challenges. Fannie Mae and Freddie Mac (the Enterprises) will seek to extend housing access in rural underserved markets, enhance their support for manufactured housing, and…
HUD: $1.3 Million Announced to Prevent Homelessness
Funding will support housing assistance for young adults transition out of foster care. Today, the U.S. Department of Housing and Urban Development (HUD) announced $1.3 million in funding for 21 Public Housing Agencies (PHAs) across 15 states for young adults under 25 years old who left foster care or are transitioning out of foster care….
CDFI Fund: Call for Community and Economic Development Practitioners to Serve as CDFI Application Reviewers
The Community Development Financial Institutions Fund (CDFI Fund) is issuing a call for well-qualified persons to serve as application reviewers for the calendar year (CY) 2024-2025 round of the New Markets Tax Credit Program (NMTC Program). The CDFI Fund has contracted with Areeva Solutions to recruit reviewers. Recruitment will be conducted by Areeva Solutions on a…
ABA: National Survey Finds Record Number of Bank Customers Use Mobile Apps More Than Any Other Channel to Manage Their Accounts
Results also show 96% of Americans think highly of their bank’s digital banking experience More than half of U.S. consumers are conducting their banking via mobile apps more often than any other method, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. The national survey found that consumers…
HUD: Nearly $4 Million Invested to Improve Housing for New Brunswick Families
New award will make significant climate resilience and energy efficiency renovations. Today, the U.S. Department of Housing and Urban Development (HUD) highlighted a $3,920,000 award to Lord Stirling Senior Housing in New Brunswick, New Jersey, under its Green and Resilient Retrofit Program (GRRP) to support significant energy efficiency and climate resilience renovations for 38 HUD-subsidized homes. This Comprehensive loan…
CFPB: Rule Finalized on Federal Oversight of Popular Digital Payment Apps to Protect Personal Data, Reduce Fraud, and Stop Illegal “Debanking”
Final rule brings supervision to Big Tech and other widely used digital payment apps handling over 50 million transactions annually The Consumer Financial Protection Bureau (CFPB) today finalized a rule to supervise the largest nonbank companies offering digital funds transfer and payment wallet apps. The rule will help the CFPB to ensure that these companies…
CDFI Fund: FY 2024 CDFI Program and NACA Program Technical Assistance Awards Announced
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced that 256 organizations received $76.32 million in Technical Assistance (TA) Awards to build their capacity to provide financial products and services to low-income and underserved people and communities across America. The Awards were made through the fiscal year (FY) 2024…