Federal and State Financial Regulatory Agencies Issue Interagency Statement on Supervisory Practices Regarding Financial Institutions Affected by the California Wildfires and Straight-Line Winds
The California Department of Financial Protection and Innovation, the Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration, and the Office of the Comptroller of the Currency, collectively the agencies, recognize the serious impact of the California wildfires and straight-line winds on the customers and operations of many financial institutions and…
FHFA: Final Rule Announced Expanding Access to Liquidity for the Federal Home Loan Bank System
The Agency is modifying the treatment of certain types of unsecured credit to better enable the FHLBanks to respond to their members’ liquidity needs. The Federal Housing Finance Agency (FHFA) published a final rule today designed to improve access to liquidity for the Federal Home Loan Bank (FHLBank) System by adjusting the treatment of certain…
EDA: Additional $210 Million in Tech Hub Grants Awarded
Additional funding for the Tech Hubs program was made possible through the bipartisan FY25 NDAA passed by Congress and signed into law by President Biden The U.S. Department of Commerce’s Economic Development Administration (EDA) announced today that it plans to award approximately $210 million in implementation grants, ranging between approximately $22 million and $48 million,…
EDA: $25 Million Awarded in Latest Installment of Good Jobs Challenge Funding to Strengthen Workforce Training Programs Across the Nation
New awards expand program that has trained and placed more than 12,000 American workers into good jobs Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding $25 million in Good Jobs Challenge program funding to eight grantees to support high-quality, locally-led workforce training programs that create a pathway for workers…
ABA: Key Policy Priorities Unveiled in Newly Released 2025 Blueprint for Growth
With the pending change in administration and the start of the 119th Congress, the American Bankers Association today released its 2025 Blueprint for Growth outlining ABA’s top policy priorities for 2025. As the voice of the nation’s banking industry, and the only trade association representing banks of all sizes, charters and business models, the Blueprint for Growth…
FEMA: President Biden Approves Major Disaster Declaration for South Carolina
FEMA announced that federal disaster assistance is available to the state of South Carolina to supplement recovery efforts in the areas affected by severe storms and flooding from Nov. 6-14, 2024. Public Assistance federal funding is available to state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing basis for emergency…
FEMA: President Biden Approves Major Disaster Declaration for the Native Village of Kwigillingok
FEMA announced that federal disaster assistance is available to the Native Village of Kwigillingok to supplement recovery efforts in the areas affected by a severe storm and flooding from Aug. 15-18, 2024. Public Assistance federal funding is available to Native Village of Kwigillingok and certain private nonprofit organizations on a cost-sharing basis for emergency work…
HUD: $72 Million Made Available to Address Youth Homelessness
Funding will support communities in developing housing focused solutions to prevent and end youth homelessness Today, the U.S. Department of Housing and Urban Development (HUD) is making $72 million in Youth Homelessness Demonstration Program (YHDP) funding available for up to 25 communities nationwide. This funding will be used for developing and implementing coordinated community approaches…
HUD: $150 Million Investment Toward Affordable Housing in Tribal Communities Announced
Funding to improve access to affordable housing across Indian Country, prioritizing new construction and housing rehabilitation Today, the U.S. Department of Housing and Urban Development (HUD) announced $150 million in funding for new affordable and innovative housing in Tribal communities through the Indian Housing Block Grant (IHBG) Competitive Grant program. This funding will be awarded…
HUD: Over $60 Million Delivered to Build and Preserve Affordable Housing in Atlanta
Transaction supports the construction and rehabilitation of 282 affordable homes for low-income individuals and families. Today, the U.S. Department of Housing and Urban Development announced the completion of a $60.2 million Rental Assistance Demonstration (RAD) transaction with the Housing Authority of the City of Atlanta to expand affordable housing options for low-income individuals and families…