HUD: $28 Million Awarded to Clean Up Lead Hazards in Public Housing
Funding to identify and control potentially dangerous lead in thousands of homes with young children The U.S. Department of Housing and Urban Development (HUD) today awarded $27.8 million to 38 Public Housing Agencies (PHAs) in 25 states to identify and reduce lead-based paint hazards in thousands of older public housing units. Provided through HUD’s Public…
OCC: Comptroller of the Currency Visits Areas of Washington DC to Discuss Community Reinvestment Success and Opportunities
Comptroller of the Currency Joseph Otting, led a tour of Washington, D.C., areas that have benefitted from Community Reinvestment Act (CRA) activity and discussed how CRA regulations can be strengthened to promote more lending, investment, and services, where they are needed most. “CRA has help stabilize and revitalize neighborhoods across our country for more than…
HUD: $25 Million Awarded to 25 Local HIV/AIDS Housing Programs
Funding offers stable housing for individuals and families at risk of homelessness The U.S. Department of Housing and Urban Development (HUD) today announced nearly $25 million to assist more than 2,054 low-income persons living with HIV/AIDS and their families over a three-year period. The funding announced today is offered through HUD’s Housing Opportunities for Persons with…
HUD: $4.8 Million Awarded to Help Low-Income Veterans Rehabilitate Their Homes
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announced $4.8 million in funding through the Veterans Housing Rehabilitation and Modification Pilot (VHRMP) Program to assist disabled veterans with modifying or rehabilitating their homes, making them more accessible. Through the VHRMP program, grantees will make necessary physical modifications…
HUD: Secretary Carson Applauds the SEC’s Efforts to Encourage Main Street Investment in Opportunity Zones
SEC is also explaining how state and federal laws apply to Opportunity Zone fundraising U.S. Housing and Urban Development (HUD) Secretary Ben Carson today applauded the Securities and Exchange Commission’s (SEC) recent efforts to encourage Main Street capital investment in Opportunity Zones. In addition to providing guidance about participating in Qualified Opportunity Fund offerings, the…
HUD: Record $330 Million Offered to Clean Up Dangerous Lead and Other Hazards in Housing
Largest funding amount available ever to make low-income housing lead safe The U. S. Department of Housing and Urban Development today announced a record $330 million in grants to clean up lead-based paint hazards and other housing-related health and safety hazards in low-income housing. Click here to view Secretary Carson talking about the importance of this…
ABA: Response Requested from NCUA in Light of Credit Union Industry Research Report
Today the American Bankers Association sent a letter to the National Credit Union Administration (NCUA) requesting a “top-to-bottom assessment” of whether the modern day credit union industry is meeting its targeted, statutory mission to serve people of “small means.” The formal request follows this week’s release of a comprehensive new report from Federal Financial Analytics that documents how many…
FDIC: Banker Feedback Helps Focus FDIC Efforts to Better Address Their Needs
Over the past year, Federal Deposit Insurance Corporation (FDIC) Chairman Jelena McWilliams has been meeting with local bankers, state supervisors, and consumer groups to obtain feedback on many important topics, including: the needs of their local communities, the FDIC’s regulatory approach, and ideas to promote economic inclusion. At a speech today before the Community Development…
HUD: Request for Information on Maximizing the Positive Impact of Opportunity Zones Announced
he U.S. Department of Housing and Urban Development (HUD) today announced a Request for Information (RFI) seeking public input on how the Department can use its existing authorities to maximize the beneficial impact of Opportunity Zones for residents and their communities. This RFI will allow the public to share existing knowledge and provide recommendations to…
HUD: Proposed Rule Issued to Make Section 3 More Efficient and Effective
Section 3 is a HUD statute that requires recipients of HUD funding to the greatest extent feasible employ low- and very-low income persons and businesses in the communities HUD serves The U.S. Department of Housing and Urban Development (HUD) today published a proposed rule to improve the effectiveness and efficiency of Section 3 of the…