ABA: Banks Encouraged to Submit Nominations for Annual ABA Foundation Community Commitment Awards
The ABA Foundation is seeking submissions for its ninth annual Community Commitment Awards. The awards, one of the industry’s highest honors for extraordinary bank commitment to communities, recognizes innovative, high-impact programs that improve the quality of life for customers and communities banks serve. The entry period ends July 1. “Over the last year, America’s banks worked…
ABA: Foundation Launches 2021 Financial Education Campaign, Unveils New Free Resources for Banks
New materials will help banker volunteers lead virtual and in-person lesson plans for their communities The American Bankers Association Foundation today launched its 2021 financial education campaign and called on America’s banks and their more than two million employees across the nation to participate in this innovative, industry-wide effort to promote consumer financial readiness. This…
HUD: Over $80 Million in Targeted Funding for Coronavirus Relief Announced
Mainstream Vouchers aid non-elderly populations with disabilities in response to, and recovery from, COVID-19 The U.S. Department of Housing and Urban Development (HUD) today made $86.85 million available to public housing agencies (PHAs) in the form of Mainstream funding vouchersto assist non-elderly populations impacted by Coronavirus. Mainstream Vouchers are administered using the same rules as other…
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…
CFPB: New Online Resource Helps Communities Prevent and Respond to Elder Fraud
The Consumer Financial Protection Bureau (Bureau) today released an online resource to help communities form networks to increase their capacity to prevent and respond to elder financial abuse. The Elder Fraud Prevention and Response Networks Development Guide (Networks Development Guide) offers planning tools, templates, and exercises to help communities create a collaborative network to fight…
CFPB: New Study Highlights Challenges Retirees Face to Meet Expenses in Early Years of Retirement
The Consumer Financial Protection Bureau (Bureau) today released a first of its kind study examining the financial resources and expenses of retirees during the first five years of retirement among Americans who retired between 1992 and 2014. Given that a growing number of retirees are not experiencing the expected gradual reduction in spending after they…
Census Bureau: New Report on Housing Readiness for Aging Population Released
The U.S. Census Bureau has released a new population report on the readiness of housing to meet the needs of the nation’s aging population. The report – Old Housing, New Needs: Is America’s Housing Ready for an Aging Population? – uses data from the 2011 American Housing Survey (AHS) to provide national-level estimates of housing units with aging-accessible features,…
ABA: Foundation Encourages Banks to Submit Nominations for Annual Community Commitment Awards
The ABA Foundation is seeking submissions for its eighth annual Community Commitment Awards. The awards, one of the industry’s highest honors for extraordinary bank commitment to communities, recognizes innovative, high-impact programs that improve the quality of life for the customers and communities banks serve. The entry period ends July 1. “Now more than ever, America’s banks…
HUD: $2.7 Billion Awarded to Improve, Preserve Public Housing
Housing authorities will use funding to modernize housing for families, seniors The U.S. Department of Housing and Urban Development (HUD) today awarded more than $2.7 billion to public housing authorities (PHA) in all 50 states, as well as the District of Columbia, Guam, Puerto Rico and the U.S. Virgin Islands. The funding will allow agencies…
HUD: Funds Awarded to Build 1,100 Homes for Low-Income Seniors
The U.S. Department of Housing and Urban Development (HUD) today awarded more than $51 million in housing assistance to non-profit organizations across the country to finance more affordable housing construction, provide rental assistance, and facilitate supportive services delivery for very low-income seniors. “Expanding affordable housing opportunities is a priority, especially for our nation’s most vulnerable…