HUD & VA: Additional Support Announced to Help Homeless Veterans Find Permanent Homes
Second Round of HUD-VASH vouchers to provide housing for veterans and their families In a continuing effort to help end veteran homelessness, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announce a second round of funding to help provide permanent homes to veterans and their…
FDIC: Affordable Mortgage Lending Guide Information Updated
Summary: The FDIC has updated the Affordable Mortgage Lending Guide, Part I: Federal Agencies and Government Sponsored Enterprises to reflect the most up-to-date information available about the mortgage products offered through federal housing programs, Fannie Mae and Freddie Mac. Statement of Applicability to Institutions with Less Than $1 Billion in Assets: This Financial Institution Letter…
CFPB: Advisory Committees Meet to Discuss Emerging Trends in Financial Services Technology
The Bureau of Consumer Financial Protection (Bureau) meets Thursday with its Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council, committees of experts who advise Bureau leadership on a wide range of consumer financial issues and emerging market trends. This joint meeting is the second such gathering this year since the appointment…
HUD: $23 Million Awarded to Fight Housing Discrimination
The U.S. Department of Housing and Urban Development (HUD) today awarded more than $23 million to nearly 80 fair housing organizations working to protect consumers from housing discrimination. Provided through HUD’s Private Enforcement Initiative (PEI), these grants offer a range of assistance to the nationwide network of fair housing organizations so they can carry out…
EDA: $21 Million Invested to Accelerate Entrepreneurship Across the Nation
U.S. Secretary of Commerce Wilbur Ross today announced that 40 organizations — including nonprofits, institutions of higher education, and entrepreneurship-focused organizations — from 28 states and two territories will receive $21 million to create and expand cluster-focused entrepreneurship and technology transfer programs, and early-stage seed fund support under the Economic Development Administration’s (EDA) 2018 Regional…
EDA: $3.1 Million Invested to Support Disaster Resiliency Efforts in Laurens, SC
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.1 million grant to Laurens County Water and Sewer Commission of Laurens, South Carolina, to make critical water infrastructure improvements needed to keep businesses open in the wake of future severe weather events. “The Trump Administration is…
FHFA: Maximum Conforming Loan Limits for 2019 Announced
Fannie Mae and Freddie Mac Baseline Limit Will Increase to $484,350 The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2019. In most of the U.S., the 2019 maximum conforming loan limit for one-unit properties will be $484,350, an…
CDFI Fund: Application Demand for FY 2018 Round of Capital Magnet Fund Released
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the application data for the fiscal year (FY) 2018 round of its Capital Magnet Fund program. A total of 116 organizations submitted eligible applications requesting more than $570 million in funding. The applicants propose to serve 49 states, the District…
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…
HUD: $30 Million Awarded to Help Children in Foster Care
The U.S. Department of Housing and Urban Development (HUD) today awarded $30 million to public housing authorities nationwide, which will work closely with local public welfare agencies to identify youth at risk of homelessness and families whose lack of adequate housing is the primary reason their children are in foster care. This funding will make…