OCC: Comptroller Visits New Mexico Pueblos to Discuss CRA and Bank Services
Comptroller of the Currency Joseph Otting today visited Native American pueblos in New Mexico as part of a nationwide effort to discuss modernizing Community Reinvestment Act (CRA) regulations and opportunities to bring more investment, lending, and services to underserved areas. While in northern New Mexico, the Comptroller and senior staff from the Office of the…
OCC: New Publication Discusses the Importance of Bank Financing for Rural Broadband Initiatives
The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Developments Investments newsletter, “Expanding Internet Access: Bank Financing for Rural Broadband Initiatives.” This edition of Community Developments Investments discusses the important role national banks and federal savings associations can play in helping rural communities gain reliable, high-speed internet…
Federal Reserve: New FEDS Notes Analyzes Rural Affordable Rental Housing
Rural Affordable Rental Housing: Quantifying Need, Reviewing Recent Federal Support, and Assessing the Use of Low Income Housing Tax Credits in Rural Areas (PDF) by Andrew M. Dumont Abstract: Recently, there has been significant interest in the high levels of rental cost burden being experienced across the United States. Much of this scholarship has focused…
CDFI Fund: U.S. Treasury Awards $202.2 Million to Support Economic Growth in Low-Income Communities
Funds to Support Community Development Investments in Distressed Rural, Urban, and Native Communities The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 302 Community Development Financial Institutions (CDFIs) $202.2 million in awards today. The awards, through the fiscal year (FY) 2018 round of the Community Development Financial Institutions Program (CDFI…
CDFI Fund: Annual CIIS Public Data on CDFI Program Recipient Reporting Released
The Community Development Financial Institutions Fund (CDFI Fund) released today twelve years of data provided by Community Development Financial Institutions (CDFIs) through its data collection system, known as the Community Investment Impact System (CIIS). The data collected covers fiscal years (FY) 2003 through 2014. The release contains Institution Level Report (ILR) data on 777 CDFIs…