FEMA: Twenty Tribes and All Inhabited U.S. Territories Now Eligible for FEMA’s Safeguarding Tomorrow Revolving Loan Fund Grant Program
FEMA is expanding the eligibility for a new grant program that provides capitalization grants to fund revolving loans for resilience-related activities. The Safeguarding Tomorrow Revolving Loan Fund grant program has been expanded to give insular areas the same eligibility to apply as states, the District of Columbia and Puerto Rico. This means American Samoa, Guam, Northern Mariana…
HUD: First-Ever Blueprint to Decarbonize America’s Transportation Sector Released
Landmark Blueprint Will Advance the President’s Clean Transportation Agenda, Slashing Consumer Costs, Improving Public Health, and Increasing the Nation’s Energy Security The Biden-Harris Administration today released the U.S. National Blueprint for Transportation Decarbonization. Developed by the Departments of Energy, Transportation, Housing and Urban Development, and the Environmental Protection Agency, the Blueprint is a landmark strategy…
FHFA: 2023 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions Released
Today, the Federal Housing Finance Agency (FHFA) released the 2023 Scorecard for Fannie Mae and Freddie Mac (together, the Enterprises) and their joint venture, Common Securitization Solutions, LLC (CSS). Each year, FHFA releases an annual Scorecard to communicate and provide public awareness of its priorities and expectations for the Enterprises and CSS. “The annual Scorecard…
FEMA: 2022 National Preparedness Report Underscores Continued Threat of Climate Change
FEMA released the 2022 National Preparedness Report today, revealing the impacts that climate change and associated natural disasters continue to have on emergency management capabilities and communities across the country. This year’s report presents preparedness data through the lens of risks and capabilities and underscores the challenges that emergency managers face in addressing a continuously expanding risk…
HUD: 2022 Year in Review
This year, Secretary Marcia L. Fudge led the U.S. Department of Housing and Urban Development (HUD) to bold action in pursuit of the agency’s mission to create strong, sustainable, inclusive communities and quality affordable homes. These actions aligned with key Biden-Harris Administration priorities, including easing the burden of housing costs, removing barriers to homeownership, expanding…
FEMA: Funding Opportunity Announced for New Community Resilience Program
Bipartisan Infrastructure Law Provides $500 Million Over Five Years for Safeguarding Tomorrow Revolving Loan Fund grant program Today, FEMA announced it will soon begin accepting applications for a new resilience program, funded by President Biden’s Bipartisan Infrastructure Law, to make communities safer from natural hazards. Beginning Feb. 1, the agency will accept applications for the Safeguarding…
HUD: Improvements Announced to the Climate-Forward Housing Program
Rate Reduction Incentive Program Enhancements to Encourage Public Housing Agency Participation Today, the U.S. Department of Housing and Urban Development (HUD) is announcing updated guidance on the use and eligibility of the Rate Reduction Incentive (RRI). The RRI serves as a climate-friendly incentive program available to Public Housing Agencies (PHA) that encourages them to reduce their utility…
FEMA: $135 Million Commitment Made to Support Relocation of Tribal Communities Affected by Climate Change
Funding from Bipartisan Infrastructure Law and Inflation Reduction Act Supports Community-Driven Relocation for Threatened Communities The Biden-Harris administration today announced the launch of a new Voluntary Community-Driven Relocation program, led by the Department of the Interior, to assist Tribal communities severely impacted by climate-related environmental threats. Through investments from President Biden’s Bipartisan Infrastructure Law and…
HUD: Flood Insurance Options Increased for Homeowners with FHA Mortgages Living in Special Flood Areas
Federal Housing Administration to allow private flood insurance policies on insured single-family mortgages in special flood hazard areas The U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), is announcing today that effective December 21, 2022, it will allow homeowners with FHA-insured mortgage financing to obtain flood insurance policies that conform to…
Federal Reserve: Six of the Nation’s Largest Banks to Participate in Pilot Climate Scenario Analysis
Exercise designed to enhance the ability of supervisors and firms to measure and manage climate-related financial risks The Federal Reserve Board on Thursday announced that six of the nation’s largest banks will participate in a pilot climate scenario analysis exercise designed to enhance the ability of supervisors and firms to measure and manage climate-related financial…