FEMA: President Biden Approves Major Disaster Declaration for Alaska
FEMA announced that federal disaster assistance is available to the state of Alaska to supplement recovery efforts in the areas affected by flooding from Aug. 5-6, 2024. The President’s action makes federal funding available to affected individuals in the City and Borough of Juneau. Assistance can include grants for temporary housing and home repairs, low-cost…
FHFA: Report Shows that FHLBanks Helped Nearly 65,000 Households Through Key Affordable Housing, Community Development Programs
The findings from the Federal Housing Finance Agency highlighted significant growth in resources allocated by the Federal Home Loan Banks for programs aiding lower-income communities The Federal Home Loan Banks’ (FHLBanks) affordable housing and community development support grew significantly last year, as earnings improvement across the FHLBank System corresponded with greater commitments to lower-income communities,…
ABA: Bank Employees Across U.S. Celebrate 21st Annual Get Smart About Credit Day
Bank employees across the country will celebrate the American Bankers Association Foundation’s Get Smart About Credit campaign today and throughout the year by educating teens and young adults about a range of personal finance topics. Get Smart About Credit Day, celebrated annually on the third Thursday of October, is one of three ABA Foundation youth financial education…
ABA: Bank Economists Expect Credit Conditions to Improve for Both Consumers and Small Businesses for First Time Since 2022
For the first time in nearly three years, lending conditions are expected to strengthen over the next six months for both consumers and businesses, according to the American Bankers Association’s latest Credit Conditions Index released today. The latest summary of ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly outlook for credit markets…
HUD: Agency Recognizes Domestic Violence Awareness Month, Reaffirming Commitment to Safe and Affordable Housing for Survivors
The agency highlights historic milestones and housing protections under the Violence Against Women Act, and critical actions taken to address gender-based violence In recognition of Domestic Violence Awareness and Prevention Month, proclaimed by President Biden in 2021, the U.S. Department of Housing and Urban Development (HUD) today issued a statement underscoring its continued dedication to support programs…
HUD: New Appointments Announced to Housing Counseling Federal Advisory Committee
Members announced today join group that advises HUD on best practices for building an effective housing counseling program. Today, the U.S. Department of Housing and Urban Development (HUD) announced the appointment of 11 members to its Housing Counseling Federal Advisory Committee. The Committee serves a critical advisory role to HUD by helping shape the direction…
HUD: Aid Offered to Florida Disaster Victims
Today, the U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the State of Florida and ordered federal aid to supplement state, tribal, and local recovery efforts in the areas affected by Hurricane Milton beginning October 5, 2024 and continuing. President Biden issued a major disaster declaration for the state…
FEMA: President Biden Approves Major Disaster Declaration for South Carolina
President Joseph R. Biden, Jr., approved a major disaster declaration for South Carolina on Sept. 29, 2024. Federal disaster assistance is available to the state of South Carolina to supplement recovery efforts in the areas affected by Tropical Storm Debby on Aug. 4-22, 2024. Public Assistance federal funding is available to the state, tribal and eligible…
SBA: Funding for New Disaster Loans Exhausted
Disaster Survivors in Need of Loans Should Continue to Apply While SBA Awaits Additional Funding Today, the SBA announced that it has exhausted funds for its disaster loan program after warnings that funding would soon run out following increased demand from Hurricane Helene. Until Congress appropriates additional funds, the SBA is pausing new loan offers for its direct,…