HUD: Evaluation of Rental Assistance Demonstration Released
RAD found to significantly boost capital investment and improve conditions of distressed public housing In 2012, the U.S. Department of Housing and Urban Development (HUD) embarked upon a new program to address the critical capital needs of severely distressed public housing. Today, HUD released the results of an evaluation of the Department’s Rental Assistance Demonstration, a…
HUD: $112 Million Offered to Expand Affordable Housing Opportunities for Low-Income Persons with Disabilities
Available funding includes $75 million in capital to produce new housing The U.S. Department of Housing and Urban Development (HUD) announced today that there is a combined $112 million available to expand the supply of permanent affordable housing for very low-income persons with disabilities. Funding is available for the two components of the Section 811…
CDFI Fund: Treasury Guarantees $100 Million in CDFI Bond Funding
Over $1.6 Billion Guaranteed for Projects in Distressed Communities since Establishment of Program U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the approval of a $100 million guarantee under the Community Development Financial Institutions (CDFI) Bond Guarantee Program. The guarantee will be issued on behalf of three Eligible CDFIs…
OCC: Comptroller of the Currency Discusses Community Reinvestment, Honored for His Community Service
Comptroller of the Currency Joseph Otting today discussed community reinvestment and service during remarks at National Asian American Coalition’s (NAAC) 16th Annual Economic Development Conference. During his comments, Comptroller Otting highlighted the importance of modernizing the regulatory framework implementing the Community Reinvestment Act (CRA). “Since 1977, the CRA has steered trillions of dollars in investment, lending, and…
HUD: White House Opportunity and Revitalization Council Introduces opportunity zones.gov
New website will serve as comprehensive tool for the Opportunity Zones initiative Today, Secretary Ben Carson, on behalf of the White House Opportunity and Revitalization Council, announced a new website that will serve as a hub of information for the array of audiences that work with the Opportunity Zones initiative. Visit the Opportunity Zones website. Opportunity…
Census Bureau: American Community Survey Provides New State and Local Income, Poverty and Health Insurance Statistics
The U.S. Census Bureau today released its most detailed look at America’s people, places and economy. New state and local statistics on income, poverty and health insurance are available in briefs, detailed tables, data profiles and more. The American Community Survey (ACS) also produces statistics for more than 40 other topics. “Each completed survey is important because it…
HUD: $1.2 Million Awarded to Help Families Reach Self-Sufficiency
Federal funding to support education and employment among HUD-assisted families In a continuing effort to help get public housing residents on the road to self-sufficiency, U.S. Housing and Urban Development (HUD) Secretary Ben Carson today awarded an additional $1.2 million to new participating public housing authorities across the country. This funding will build on the $74…
OCC: Comptroller Visits Compton, CA to Discuss How to Increase Community Reinvestment
Comptroller of the Currency Joseph Otting today visited Compton, California, and met with community stakeholders and bankers to discuss how to encourage more lending, investment, and bank services in areas that need it most. The visit was the fifth stop in the Comptroller’s summer tour to discuss modernizing the Community Reinvestment Act regulations. The tour…
HUD: Housing Preservation Program Expanded to Include Senior Housing
Rental assistance demonstration will help house low-income seniors In an effort to preserve and improve critically needed affordable housing for low-income seniors, the U.S. Department of Housing and Urban Development (HUD) today announced a significant expansion of its Rental Assistance Demonstration (RAD) to facilitate capital investment in senior housing developments assisted through HUD’s Section 202 Supportive Housing…
OCC: Comptroller Visits New York Neighborhoods Supported by the CRA, Discusses Opportunities to Do More
Comptroller of the Currency Joseph Otting today participated in a tour of New York neighborhoods to see firsthand the success of Community Reinvestment Act (CRA) activity and discuss how CRA regulations can promote more lending, investment, and services, where they are needed most. “Here in New York, we saw great examples of community and bank…