HUD: Trump Administration Proposes 2018 HUD Budget

WASHINGTON – The Trump Administration today announced the proposed 2018 Budget for the U.S. Department of Housing and Urban Development (HUD).  The Budget reflects the President’s commitment to support HUD’s critical functions that provide rental assistance to low-income and vulnerable households and to help work-eligible families achieve self-sufficiency. The President’s […]

Federal Reserve: Are Central Cities Poor and Non-White?

By: Jenny Schuetz, Arturo Gonzalez, Jeff Larrimore, Ellen A. Merry, and Barbara J. Robles1 In the U.S., geography has long been viewed as a proxy for income and race. The terms central city or “inner city” are often used as a short-hand for poor and minority neighborhoods, particularly African-American, while suburban […]

HUD: Rental Assistance Demonstration Generates $4 Billion in Public-Private Investment in Distressed Public Housing

WASHINGTON – Each year, thousands of units of public housing are demolished and thousands more sit vacant because they are no longer decent, safe or sanitary. Today, the U.S. Department of Housing and Urban Development (HUD) announced that its Rental Assistance Demonstration officially surpassed $4 billion in capital investment in order to […]

HUD: Grants Offered to Clean up Lead-Based Paint Hazards

WASHINGTON – The U.S. Department of Housing and Urban Development has announced that it is making grants available to help eliminate dangerous lead-based paint hazards from lower income homes in order to protect young children. Additionally, this funding will provide an opportunity for local communities to establish and support programs to […]

CDFI Fund: U.S. Treasury Awards $185 Million for Community Development in Low-Income Communities

Funds Support CDFI Investment and Revitalization Activity in Distressed Urban, Rural and Native Communities Washington-The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 196 Community Development Financial Institutions (CDFIs) $185.7 million in grants and loans today. The awards, through the fiscal year (FY) 2016 rounds […]

CFPB: 30 New Your Money, Your Goals Partners to Help Low-Income Consumers Announced

We’re working to expand the reach of Your Money, Your Goals to more consumers, so we’ve selected 30 new organizations across the country to implement Your Money, Your Goalstraining with their frontline staff. These organizations include state and local government agencies, social services, legal aid, volunteer-based, and worker organizations, and a consortium of […]

OCC: Newsletter Focuses on Financing Community Health Centers

WASHINGTON — The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Developments Investments electronic newsletter entitled “Financing Health Centers: Supporting Community Wellness.” The articles in this edition of Community Developments Investments provide an in-depth look at bank financing of federally funded health centers that serve economically […]

CFPB: Rule Proposed to End Payday Debt Traps

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today proposed a rule aimed at ending payday debt traps by requiring lenders to take steps to make sure consumers have the ability to repay their loans. The proposed rule would also cut off repeated debit attempts that rack up fees. These strong […]