CDFI Fund: Request for Public Comment Issued on CDFI Certification Target Market Verification
The Community Development Financial Institutions Fund (CDFI Fund), U.S. Department of the Treasury, is soliciting comments concerning pre-approved Target Market assessment methodologies related to the Community Development Financial Institution (CDFI) Certification process. To be a Certified CDFI, an entity must demonstrate that it serves at least one eligible Target Market (either an Investment Area or…
HUD: FHA Proposes to Adjust Title I Manufactured Home Loan Program Loan Limits Annually
Consistent with the Biden-Harris Administration’s Housing Supply Action Plan, today’s proposed rule sets forth a methodology for regularly adjusting the limits on loans that finance manufactured homes titled as personal property. The Federal Housing Administration (FHA) is announcing today the publication of a proposed rule in the Federal Register to increase and index the loan limits for its Title…
HUD: Important New Milestone Reached in American Rescue Plan’s Emergency Housing Voucher Program
“At HUD we are pleased that over 35,000 households have been averted from homelessness and have successfully leased their own rental housing thanks to our Emergency Housing Voucher Program. This marks a major step forward in our efforts to realize the ambitious goals we set when the program was established through the President’s American Rescue…
ABA: New Partnership Between ABA and National Bankers Association Announced to Serve Minority Depository Institutions
The American Bankers Association and the National Bankers Association today announced a new series of semiannual MDI partnership summits designed to connect midsize and regional banks with minority depository institutions (MDIs) across the United States. Sponsored by ABA’s Minority Depository Institutions Advisory Council (MDIAC), the summits will begin in 2023 and will be held during an ABA spring…
Census Bureau: First-of-its-Kind Venture Fund Launched to Improve Data Collection
StatVentures, an initiative of Census Open Innovation Labs(COIL), will scout technology through collaborations with nongovernment innovators to ensure the U.S. Census Bureau continues to provide quality data effectively and efficiently. Through multiphase competitions, StatVentures will invite participants to propose new ways the Census Bureau can collect and improve the nation’s supply chain data. With the advent…
HUD: Campus Compact & HUD Partner to Strengthen Higher Education Community Action
New HUD + Higher Ed Engagement Network will build opportunities for campuses to partner with HUD Field Offices & initiatives The U.S. Department of Housing and Urban Development and Campus Compact today announced a new higher education-focused collaboration, the HUD + Higher Ed Engagement Network. The Network, which will be led by Campus Compact in partnership…
Federal Reserve: Current Bank Application Filing System Replacement Announced for Later This Month
The Federal Reserve Board announced on Thursday that it will replace its current bank application filing system with a new and upgraded system later this month. The substantive requirements of applications will remain the same with the new system making the filing process more intuitive and minimizing paper applications and communications. The new cloud-based system,…
OCC: Bank Supervision Operating Plan for Fiscal Year 2023 Released
The Office of the Comptroller of the Currency (OCC) today released its bank supervision operating plan for fiscal year (FY) 2023. The plan provides the foundation for policy initiatives and for supervisory strategies as applied to individual national banks, federal savings associations, federal branches, federal agencies, and technology service providers. The OCC staff uses this…
HUD: FHA Takes New Step to Explore Increasing Availability of Small Balance Mortgages
Request for Information published today seeks industry input as a starting point to encourage greater origination of small balance mortgages for FHA insurance. The Federal Housing Administration (FHA) is announcing today the publication of a Request for Information (RFI) in the Federal Register seeking input on ways it can facilitate increased access to smaller balance mortgages through its Single…
ABA: Jonesburg State Bank CEO Daniel Robb Elected as New ABA Chair
“America’s banks play an essential role in the economic growth of communities across the country, and it’s a great honor to step into this new role advocating for our industry,” said Robb. “We face tremendous opportunities and challenges in the year ahead, and I look forward to working with my colleagues to help ensure banks…