FEMA: President Trump Approves Major Disaster Declaration for Oklahoma
FEMA announced that federal disaster assistance has been made available to the state of Oklahoma to supplement state, tribal and local recovery efforts in the areas affected by severe storms, straight-line winds, tornadoes and flooding beginning on May 7, 2019, and continuing. The President’s action makes federal funding available to affected individuals in Muskogee, Tulsa,…
HUD: $43 Million Offered to Support Housing Counseling
June is National Homeownership Month, a time to recognize the importance of homeownership to the U.S. economy and the benefits owning a home have on building household wealth for families. To support stable and sustainable homeownership, the U.S. Department of Housing and Urban Development (HUD) today announced it is making $43 million in grants available…
FDIC: CRA Examination Schedules for Third and Fourth Quarter 2019 Issued
The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the third quarter of 2019 and fourth quarter of 2019. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of…
OCC: Third and Fourth Quarter 2019 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 third and fourth quarters of 2019. The OCC encourages public comment on the national banks and federal savings associations scheduled to be evaluated under the CRA, and suggests that comments be…
FHFA: Index Shows Mortgage Rates Decreased on April 2019
FHFA has determined that due to dwindling participation, the Monthly Interest Rate Survey will be discontinued. This is the final monthly release. Nationally, interest rates on conventional purchase-money mortgages decreased from March to April, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes…
HUD: National Effort to Transform Public Housing into Book-Rich Environments Reaches One Million Books
In just its third year, a national campaign to promote literacy and a life-long love of reading has distributed one million books to children living in public housing. The Book-Rich Environments Initiative (BRE) is a collaboration aimed to transform public housing authorities (PHAs) into book-rich environments by providing diverse, high quality books and other literacy tools to…
FHA: U.S. House Prices Rise 1.1 Percent in First Quarter 2019
U.S. house prices rose 1.1 percent in the first quarter of 2019 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 5.1 percent from the first quarter of 2018 to the first quarter of 2019. FHFA’s seasonally adjusted monthly index for March was up 0.1 percent from February. The HPI is calculated using home sales…
Interagency Guidance: Host State Loan-to-Deposit Ratios Issued
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today issued the host state loan-to-deposit ratios that they will use to determine compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. These ratios replace the…
EDA: Investment Made to Support Small Business Growth and Resiliency in Redding, CA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) announced an $880,000 grant to Superior California Economic Development of Redding, California, to capitalize a Revolving Loan Fund (RLF) and to provide technical assistance to potential borrowers in disaster-impacted counties of Shasta, Trinity, Modoc, and Siskiyou. This EDA grant will be matched with $220,000 in…
EDA: Investment Made to Improve Aviation Museum, Boost Tourism in Monroe, LA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $450,000 grant to Friends of Chennault Aviation & Military Museum, Monroe, Louisiana, to boost tourism in the region by helping to construct an outdoor pavilion, park display and activity area that will aid the display of military aircraft. The grant will be…