SBA: New Initiative Announced with GIIRS Rating System for Private Funds and Companies
SBA Administrator Maria Contreras-Sweet today announced a new initiative with Global Impact Investing Rating System (GIIRS), an innovative rating system that evaluates the operational and business model impact of private funds and companies. Under the terms of the understanding, OII will use GIIRS ratings as one factor to rate and authenticate the influx of Impact…
CFPB: Easy-to-Remember Guidelines Help People Reduce Credit Card Debt
Take a short guideline like “don’t swipe the small stuff” and make it your own. You might just find that you’re better able to control your own credit card debt. Have you ever looked at your credit card bill and wondered where all those charges came from? Or found yourself swiping your credit card for…
CFPB: Understand the Overdraft “Opt-In” Choice
If you have a checking account, you might have to deal with an overdraft fee. An overdraft occurs when you don’t have enough money in your account to cover a transaction, and the bank or credit union pays for it anyway. Transactions include ATM withdrawals and debit card purchases as well as checks and ACH…
HUD: Comprehensive Assessment of Housing Needs of America Indians and Alaska Natives Released
WASHINGTON – American Indian tribes are building more housing units after enactment of the Native American Housing Assistance and Self-Determination Act of 1996 (NAHASDA) but housing conditions are substantially worse among American Indian households than other U.S. households. These are some of the findings of three new comprehensive reports of tribal housing needs released today…
HUD: New Residential Construction Activity in December Announced
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential construction statistics for December 2016: BUILDING PERMITS Privately owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1,210,000. This is 0.2 percent (±1.8%)* below the…
FHFA: Public Input Requested on Duty to Serve Program
Washington, D.C. – The Federal Housing Finance Agency (FHFA) is requesting public input on chattel loan pilot initiatives for Fannie Mae and Freddie Mac (the Enterprises) and the proposed Evaluation Guidance under the final rule on Duty to Serve Underserved Markets. FHFA issued a final rule on Dec. 13, 2016 to implement the Duty to…
CDFI Fund: 2017 Update Bond Guarantee Program Applicants Application Workshop and Deadlines
To prepare potential applicants for the fiscal year (FY) 2017 round of the CDFI Bond Guarantee Program, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has announced that it will conduct one (1) two-day workshop for potential applicants on February 22 & 23, 2017 at the Office of the Comptroller…
HUD: $10 Million in “Sweat Equity” Grants Announced
WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Julián Castro today awarded $10 million in “sweat equity” grants to four non-profit self-help housing organizations through HUD’s Self-Help Homeownership Opportunity Program (SHOP). This funding will create at least 539 affordable homes and significantly lower their purchase price for low-income buyers, who will contribute…
OCC: Roll-Out Begins of Web-Based System for Licensing and Public Welfare Investment Filings
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today launched the agency’s Central Application Tracking System (CATS), which is the OCC’s new web-based system for banks to file licensing and public welfare investment applications and notices. CATS will help authorized national banks, federal savings associations, and federal branches and agencies to draft,…
CDFI: Prepare for the FY 2017 CDFI Program and NACA Program Application Round
The Community Development Financial Institutions Fund (CDFI Fund) is tentatively planning to open the fiscal year (FY) 2017 round of the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) in mid-February, 2017. There are significant changes to the FY 2017 application from last year. To help potential applicants…