FHFA: 2019 Scorecard Released for Fannie Mae, Freddie Mac and Common Securitization Solutions
The Federal Housing Finance Agency (FHFA) today released the 2019 Scorecard outlining specific conservatorship priorities for Fannie Mae, Freddie Mac (the Enterprises), and their joint venture, Common Securitization Solutions, LLC (CSS). The 2019 Scorecard furthers the goals outlined in FHFA’s Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac, published in May 2014. …
FHFA: Fannie Mae and Freddie Mac’s Modified Underserved Markets Plan for Duty to Serve Program Published
The Federal Housing Finance Agency (FHFA) today published Fannie Mae and Freddie Mac’s (the Enterprises) modified Underserved Markets Plans for 2018-2020 under the Duty to Serve program. The Plans, originally published Dec. 18, 2017 became effective Jan. 1, 2018. FHFA requested public input in October 2018 on the Enterprises’ proposed Duty to Serve Plan modifications. FHFA…
CDFI Fund: Nearly $25 Million in Bank Enterprise Awards Announced for Increased Investments in Highly Distressed Communities
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced nearly $25 million in awards to 119 banks for increasing investments benefiting economically distressed communities across the nation. The awards were made through the fiscal year (FY) 2018 round of the Bank Enterprise Award Program (BEA Program). The BEA Program…
SBA: Upcoming Workshops on Applying for Women’s Business Center Grants
The U.S. Small Business Administration (SBA) will conduct workshops to train organizations in Idaho on best practices regarding the Women’s Business Center (WBC) grant application process. The dates and locations of the workshops will be held in mid-January with more information announced at a later date. “We know that when women get help in the…
FEMA: President Trump Approves Major Disaster Declaration for Virginia
The Federal Emergency Management Agency announced today that federal disaster assistance has been made available to the Commonwealth of Virginia to supplement Commonwealth and eligible local recovery efforts in the areas affected by tropical storm Michael from October 9 to October 16, 2018. Federal funding is available to Commonwealth, and eligible local governments, and certain…
CDFI Fund: Summary Report and Public Data for NMTC Program for FY 2003-2016 Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today released a Summary Report and data collected on New Markets Tax Credit (NMTC) investments across the nation through fiscal year (FY) 2016. The CDFI Fund requires all Community Development Entities (CDEs) that have been awarded NMTC allocations to submit an annual…
CDFI Fund: Annual Certification Reporting Deadlines Revised
Annual Certification and Data Collection Reports now Due 90 Days after Organizational Fiscal Year-end The U.S. Treasury Department’s Community Development Financial Institutions Fund (CDFI Fund) is revising the due dates for certified community development financial institutions (CDFIs) to submit their required Annual Certification and Data Collection Reports (ACRs). Certified CDFIs are required to submit ACRs…
HUD: Report Shows Homelessness Unchanged in U.S. in 2018 with Notable Declines among Veterans and Families with Children
Homelessness in the U.S. remained largely unchanged in 2018, according to the latest national estimate by the U.S. Department of Housing and Urban Development (HUD). HUD’s 2018 Annual Homeless Assessment Report to Congress found that 552,830 persons experienced homelessness on a single night in 2018, an increase of 0.3 percent since last year. Meanwhile, homelessness…
SBA: Jihoon Kim Selected to Lead the Office of Financial Program Operations
Administrator Linda McMahon of the U.S. Small Business Administration (SBA) announced the selection of Jihoon Kim as the director for the SBA’s Office of Financial Program Operations (OFPO). In this role, Kim is responsible for overseeing SBA’s national lending operations, including 504 and 7(a) loan processing centers in Sacramento, Calif., and Hazard, Ky.; 504 and…