HUD: $28 Million Awarded to Help Public Housing Residents Secure Employment and Higher-Paying Jobs
Housing Authorities in a dozen communities will receive funding under Jobs Plus The U.S. Department of Housing and Urban Development (HUD) today announced a $28 million investment to 12 public housing agencies (PHA) to help families increase their earned income and improve their economic mobility. See chart below of today’s funding announcement. Awarded through HUD’s…
FDIC: Strategic Plan to Reinforce Diversity, Equity, and Inclusion Within the Agency and Among the Financial Institutions It Supervises Released
The Federal Deposit Insurance Corporation (FDIC) today released the agency’s latest strategic plan to incorporate and promote diversity, equity, and inclusion (DEI) in every aspect of its mission and operations. Read the FDIC’s Diversity, Equity, and Inclusion Strategic Plan. “My goal is to build and maintain an FDIC workforce that is talented, diverse, and committed to…
HUD: $5.5 Billion in Grants Awarded to Local Communities for Affordable Housing and to Serve Individuals and Families
The U.S. Department of Housing and Urban Development (HUD) today announced $5.5 billion in funding to local programs throughout the country that provide affordable housing, community development and economic opportunity, and support to individuals and families experiencing homelessness. View a complete list of all the communities who received funding. “These core programs provide our local partners…
SBA: PPP Re-Opening and New Guidance Announced
The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, announced today that the Paycheck Protection Program (PPP) will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday,…
OCC: Project REACh Pledge Released to Promote Vitality of Minority Depository Institutions
The Office of the Comptroller of the Currency today announced the release of the Project REACh Minority Depository Institution (MDI) Pledge. In doing so, Acting Comptroller of the Currency Brian P. Brooks encouraged all large and midsize banks to consider the pledge to develop meaningful partnerships with MDIs to help them remain a vibrant part…
ABA: Seven Banks Win ABA Foundation’s 2020 Community Commitment Awards
The American Bankers Association Foundation named seven banks as 2020 Community Commitment Award winners. The annual awards recognize banks for extraordinary corporate social responsibility efforts in seven specific categories ranging from affordable housing to economic inclusion. The winners will be recognized today at ABA’s Unconventional Convention. “This has been a challenging year in so many ways, and…
ABA: M&T Bank and Midwest BankCentre Employees Win ABA Foundation Distinguished Service Awards
Detra Miller and Alex Fennoy have been named the ABA Foundation’s 2020 George Bailey Distinguished Service Award winners for their efforts to expand banking services to underserved communities. The two bankers will be recognized today at the ABA Unconventional Convention. Now in its sixth year, the George Bailey Distinguished Service Award recognizes a non-CEO bank employee…
ABA: America’s Banks Urged to Offer Bank On-Certified Accounts
Core Providers Pledge Support for Financial Inclusion Initiative The American Bankers Association today called on every bank in the country to consider offering Bank On-certified accounts to expand access to banking services and reduce the number of unbanked and underbanked Americans. In urging all banks to join ABA in this financial inclusion initiative during his…
HUD: Secretary Carson Announces Expansion of HUD’s “Moving to Work” Demonstration
Department invites 100 additional Housing Authorities to join the program over next two years During his remarks at the Public Housing Authorities Directors Association’s (PHADA) 2020 Legislative Conference, U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced that the Department is expanding its Moving to Work (MTW) Demonstration, which invites 100 additional…
HUD: Georgia Commission on Equal Opportunity Joins the Fair Housing Assistance Program
The Department of Housing and Urban Development announced today that the Georgia Commission on Equal Opportunity (GCEO) is joining the Fair Housing Assistance Program (FHAP) as an Interim Certified agency. GCEO is a state-level fair housing enforcement agency and is the only organization of its type serving the state. HUD’s Fair Housing Assistance Program comprises…