CDFI Fund: Summary Report and Public Data for NMTC Program for Years 2003-2015 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) 2015. The CDFI Fund requires all Community Development Entities (CDEs) that have been awarded NMTC allocations to submit an annual…
The World’s Greatest Toy Store May Disappear: CRA and the Retail Workforce
For any child that grew up in the era of G.I. Joe, Transformers and Care Bears, there was no greater experience than wandering the cavernous, local Toys R Us store. I remember walking down the aisles, with floors polished to the point you could see your reflection, and gazing upwards at pegs of action figures…
HUD: Disaster Assistance for Puerto Rico Storm Victims Announced
Today, President Trump issued a major disaster declaration for Aguas Buenas, Aibonito, Arecibo, Arroyo, Barceloneta, Barranquitas, Bayamón, Caguas, Canóvanas, Carolina, Cataño, Cayey, Ceiba, Ciales, Cidra, Coamo, Comerio, Corozal, Culebra, Dorado, Fajardo, Florida, Guayama, Guaynabo, Gurabo, Humacao, Jayuya, Juana Díaz, Juncos, Las Piedras, Loíza, Luquillo, Manati, Maunabo, Morovis, Naguabo, Naranjito, Orocovis, Patillas, Ponce, Rio Grande, Salinas,…
HUD: Disaster Assistance for U.S. Virgin Islands Storm Victims Announced
U.S. Housing and Urban Development today announced HUD will speed federal disaster assistance to the U.S. Virgin Islands and provide support to homeowners and low-income renters forced from their homes due to Hurricane Maria. Today, President Trump issued a major disaster declaration for St. Croix Island. The President’s declaration allows HUD to offer foreclosure relief…
HUD: East St. Louis Housing Authority Returns to Local Control
Agreement Marks the End of First and Longest Federal Receivership of a Local Housing Agency U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced that HUD is returning the East St. Louis Housing Authority (ESLHA) to local control after more than 30 years of federal receivership. Secretary Carson traveled to East St. Louis…
FHFA: House Price Index Up 0.2 Percent in July 2017
U.S. house prices rose in July, up 0.2 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.1 percent increase in June remained the same. The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or…
ABA: Survey Shows Online, Mobile Are Most Popular Banking Channels
Results show different generations have different banking tendencies Forty percent of Americans manage their bank accounts online more frequently than any other method, according to a recent survey conducted by Morning Consult on behalf of the American Bankers Association. One in 4 consumers (26 percent) use their mobile devices most often to conduct their banking…
findCRA to Share Insights on Embracing CRA Technology at the 21st Annual Wolters Kluwer CRA & Fair Lending Colloquium in Nashville
findCRA will present an educational session on Community Reinvestment Act best practices in conjunction with the annual CRA & Fair Lending Colloquium, hosted by Wolters Kluwer, on Wednesday, November 8, 2017 at the Omni Nashville. The breakfast session will focus on how banks of all sizes can benefit from embracing new technologies and data-driven strategies…
Census Bureau: Startup Firms Created Over 2 Million Jobs in 2015
In 2015, the nation’s 414,000 startup firms created 2.5 million new jobs according to data from the Census Bureau’s Business Dynamics Statistics. In contrast, this level of startup activity is well below the pre-Great Recession average of 524,000 startup firms and 3.3 million new jobs per year for the period 2002-2006. Other highlights include: Job…
SBA: FY 2017 State Trade Expansion Program (STEP) Awards Announced
SBA Awards $1.9 Million to Expand Small Business Exporting in New England The U.S. Small Business Administration announced that $1.9 million in funding has been awarded to 6 State international trade agencies in New England through SBA’s competitive State Trade Expansion Program (STEP), to support export growth among U.S. small businesses. STEP is designed to…