FHFA: Public Input Requested on Duty to Serve Program
Washington, D.C. – The Federal Housing Finance Agency (FHFA) is requesting public input on chattel loan pilot initiatives for Fannie Mae and Freddie Mac (the Enterprises) and the proposed Evaluation Guidance under the final rule on Duty to Serve Underserved Markets. FHFA issued a final rule on Dec. 13, 2016 to implement the Duty to…
CDFI Fund: 2017 Update Bond Guarantee Program Applicants Application Workshop and Deadlines
To prepare potential applicants for the fiscal year (FY) 2017 round of the CDFI Bond Guarantee Program, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has announced that it will conduct one (1) two-day workshop for potential applicants on February 22 & 23, 2017 at the Office of the Comptroller…
HUD: $10 Million in “Sweat Equity” Grants Announced
WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Julián Castro today awarded $10 million in “sweat equity” grants to four non-profit self-help housing organizations through HUD’s Self-Help Homeownership Opportunity Program (SHOP). This funding will create at least 539 affordable homes and significantly lower their purchase price for low-income buyers, who will contribute…
OCC: Roll-Out Begins of Web-Based System for Licensing and Public Welfare Investment Filings
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today launched the agency’s Central Application Tracking System (CATS), which is the OCC’s new web-based system for banks to file licensing and public welfare investment applications and notices. CATS will help authorized national banks, federal savings associations, and federal branches and agencies to draft,…
CDFI: Prepare for the FY 2017 CDFI Program and NACA Program Application Round
The Community Development Financial Institutions Fund (CDFI Fund) is tentatively planning to open the fiscal year (FY) 2017 round of the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) in mid-February, 2017. There are significant changes to the FY 2017 application from last year. To help potential applicants…
HUD: $15 Million Announced to Test a New Approach to Help Low-Income Seniors Age in Place
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today awarded approximately $15 million to select owners of HUD-assisted senior housing developments to help their low-income senior tenants to age in their own homes and delay or avoid the need for nursing home care. HUD will cover costs related to hiring a full-time Enhanced…
HUD: $33 Million Awarded to End Youth Homelessness
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) is awarding $33 million to build systems intended to end youth homelessness in ten local communities, including four rural areas. HUD’s Youth Homelessness Demonstration Program (YHDP) will support a wide range of housing programs including rapid re-housing, permanent supportive housing, transitional housing, and host…
HUD: HUD, VA and Mayor of DC Announce New Housing for Homeless Veterans
WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Julián Castro, U.S. Secretary of Veterans Affairs (VA) Robert A. McDonald and District of Columbia Mayor Muriel Bowser joined advocates and housing professionals today to open the John and Jill Ker Conway Residence, an architecturally striking apartment building with 60 units of permanent supportive housing for…
CDFI Fund: Waitlist Opens for Minority CDE Training and Technical Assistance Initiative
The Community Development Financial Institutions Fund (CDFI Fund) has contracted with National Community Investment Fund (NCIF) to provide group training and individual technical assistance to Minority Community Development Entities (Minority CDEs). The purpose of the training and subsequent technical assistance is to ensure full understanding of how Minority CDEs can participate in the New Markets Tax Credit…
OCC: Report Discusses Risks Facing National Banks and Federal Savings Associations
WASHINGTON — The Office of the Comptroller of the Currency (OCC) reported strategic, credit, operational, and compliance risks remain top concerns in its Semiannual Risk Perspective for Fall 2016, released today. Highlights from the report include: Strategic risk remains high as banks consider business model changes and face challenges in growing revenue. Strategic planning remains important…