Climate Change

HUD: $73.5 Million Awarded to Make Housing Safe, More Efficient and Climate Resilient for Low-Income Americans

Grants and Loans from the Inflation Reduction Act Support Clean Energy and Climate Resilience Upgrades for Nearly 1,400 Low-Income Families Today, the U.S. Department of Housing and Urban Development (HUD) announced it is awarding $73.5 million in new loans and grants under the Green and Resilient Retrofit Program (GRRP) to support extensive energy efficiency and climate resilience…

Agenices Sign Joint Letter Asking Utility Companies to Make Energy and Water Usage Data Available for Multifamily Properties

Leaders at HUD, the DOE, and the EPA join forces to seek data that will facilitate green upgrades to the nation’s housing stock Today, the leaders of the U.S. Department of Housing and Urban Development (HUD), U.S. Department of Energy (DOE), and U.S. Environmental Protection Agency (EPA) announced a joint letter asking for the nation’s…

HUD: $174 Million Announced to Support Energy Efficiency and Climate Resilience for Thousands of Low-Income Households

Green and Resilient Retrofit Program grant and loan awards support improvements to HUD-assisted multifamily properties. As part of President Biden’s Investing in America agenda, a key pillar of Bidenomics, the U.S. Department of Housing and Urban Development (HUD) today announced it is awarding $173.9 million in new loans and grants under the Green and Resilient Retrofit…

HUD: Agency Closes 2023 with Historic Investments in Housing

Biden-Harris Administration and HUD mark milestones in first-time homeownership, taking on racial discrimination in housing, delivering rental assistance, and building climate-resilient homes, and advancing a more equitable housing finance system. When this Administration began, conditions were bleak. Amidst the COVID-19 pandemic, millions of Americans could not access quality, safe, and affordable housing options. Three years…

HUD: DOE & HUD Announce New Partnership to Decarbonize U.S. Building Sector at COP28

HUD also becomes the 15th member of the U.S. Global Change Research Program (USGCRP) to advance climate research for communities facing greatest climate risks. Today, at the 28th U.N. Climate Conference (COP28), the U.S. Department of Housing and Urban Development (HUD) announced new initiatives to address the challenges posed by the climate crisis and ensure…

FEMA: National Preparedness Report Highlights Cyber Security, Building Codes and Individual Preparedness for a Resilient Nation

FEMA released the 12th annual National Preparedness Report, which provides an overview of the nation’s current disaster risk and capability landscape and outlines progress toward achieving the national preparedness goal of a secure and resilient country. This year’s report continues to highlight the reality of rising costs, frequency and severity of disasters due to climate change…

FEMA: DHA Unveils New “Shields Ready” Campaign to Promote Critical Infrastructure Security and Resilience

Today, the Department of Homeland Security (DHS), the Cybersecurity and Infrastructure Security Agency (CISA), and FEMA launched the new “Shields Ready” campaign to encourage the critical infrastructure community to focus on strengthening resilience. Resilience is the ability to prepare for, adapt to, withstand and rapidly recover from disruptions caused by changing conditions. The new campaign was unveiled during…

FDIC: Agencies Issue Principles for Climate-Related Financial Risk Management for Large Financial Institutions

Federal bank regulatory agencies today jointly finalized principles that provide a high–level framework for the safe and sound management of exposures to climate–related financial risks for large financial institutions. The principles are consistent with the risk management framework described in the agencies’ existing rules and guidance. The principles are intended for the largest financial institutions,…

Federal Reserve: Agencies Issue Principles for Climate-Related Financial Risk Management for Large Financial Institutions

Federal bank regulatory agencies today jointly finalized principles that provide a high-level framework for the safe and sound management of exposures to climate-related financial risks for large financial institutions. The principles are consistent with the risk management framework described in the agencies’ existing rules and guidance. The principles are intended for the largest financial institutions,…

OCC: Acting Comptroller Issues Statements on FDIC Board Meeting on CRA and Climate-Related Financial Risk Management

Acting Comptroller of the Currency Michael J. Hsu today issued statements at the Federal Deposit Insurance Corporation Board Meeting in support of rulemakings on the Community Reinvestment Act (CRA) and the finalization of interagency principles for climate-related financial risk management for large banks. In his remarks, Mr. Hsu discussed how modernizing and strengthening the CRA…