CRA Newswire

FEMA: President Trump Approves Major Disaster Declaration for Arkansas

FEMA announced that federal disaster assistance has been made available to the state of Arkansas to supplement state and local recovery efforts in the areas affected by severe storms and flooding beginning on May 21, 2019 and continuing. The President’s action makes federal funding available to affected individuals in Conway, Crawford, Faulkner, Jefferson, Perry, Pulaski,…

FEMA: President Trump Approves Major Disaster Declaration for South Dakota

FEMA announced that federal disaster assistance has been made available to the state of South Dakota to supplement state, tribal and local recovery efforts in the areas affected by severe winter storm, snowstorm and flooding from March 13 – April 26, 2019. The President’s action makes federal funding available to affected individuals in Bon Homme,…

HUD: 2019 HUD Secretary Design Award Winners Announced

South Carolina, California, Michigan & Illinois developments recognized as national models The U.S. Department of Housing and Urban Development (HUD) and the American Institute of Architects (AIA) today announced the winners of the 2019 HUD Secretary’s Housing and Community Design Awards. HUD and AIA selected winners in South Carolina, California, Michigan and Illinois based upon their overall…

FDIC: List of Banks Examined for CRA Compliance Issued

The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in March 2019. The CRA is a 1977 law intended to encourage insured banks and thrifts to meet local credit…

OCC: CRA Evaluations Released for 33 National Banks and Federal Savings Associations

The Office of the Comptroller of the Currency (OCC) today released a list of Community Reinvestment Act (CRA) performance evaluations that became public during the period of May 1, 2019 through May 31, 2019. The list contains only national banks, federal savings associations, and insured federal branches of foreign banks that have received ratings. The…

ABA: Investment Made to Support Growth of the Manufacturing Sector in Ludlow, MA Opportunity Zone

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $3.1 million in the Town of Ludlow, Massachusetts, to help support of the growth of local manufacturing by improving Riverside Drive. The project, to be matched with $3.1 million in local funds, is located in a Tax Cuts…

EDA: Investment Made to Support the Growth of Manufacturing and Tech-based Businesses in Rapid City, SD Opportunity Zone

 Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $3 million in the Rapid City Economic Development Foundation of Rapid City, South Dakota, to help build a new business incubator facility that will support the growth of sustainable manufacturing and technology-based businesses. The investment, to be located…

EDA: Investment Made in Opportunity Zone to Increase Agriculture and Livestock Training at Central Wyoming College

Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is investing $3 million in Central Wyoming College of Riverton, Wyoming, to help build an agriculture-focused training facility. The investment, to be located in a Tax Cuts and Jobs Act designated Opportunity Zone, will be matched with $2.5 million in…

FDIC: Banker Feedback Helps Focus FDIC Efforts to Better Address Their Needs

Over the past year, Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams has been meeting with local bankers, state supervisors, and consumer groups to obtain feedback on many important topics, including: the needs of their local communities, the FDIC’s regulatory approach, and ideas to promote economic inclusion. At a speech today before the Community Development…

OCC: Three New Members Appointed to Minority Depository Institutions Advisory Committee

The Office of the Comptroller of the Currency (OCC) today named three new members to its Minority Depository Institutions Advisory Committee (MDIAC). The MDIAC advises the OCC on steps it can take to ensure the continued health and viability of minority depository institutions and other issues of concern to these institutions. The new members are:…