Federal Reserve: Agencies Issue Principles for Climate-Related Financial Risk Management for Large Financial Institutions
Federal bank regulatory agencies today jointly finalized principles that provide a high-level framework for the safe and sound management of exposures to climate-related financial risks for large financial institutions. The principles are consistent with the risk management framework described in the agencies’ existing rules and guidance. The principles are intended for the largest financial institutions,…
OCC: Acting Comptroller Issues Statements on FDIC Board Meeting on CRA and Climate-Related Financial Risk Management
Acting Comptroller of the Currency Michael J. Hsu today issued statements at the Federal Deposit Insurance Corporation Board Meeting in support of rulemakings on the Community Reinvestment Act (CRA) and the finalization of interagency principles for climate-related financial risk management for large banks. In his remarks, Mr. Hsu discussed how modernizing and strengthening the CRA…
OCC: Agencies Issue Principle for Climate-Related Financial Risk Management for Large Financial Institutions
Federal bank regulatory agencies today jointly finalized principles that provide a high-level framework for the safe and sound management of exposures to climate-related financial risks for large financial institutions. The principles are consistent with the risk management framework described in the agencies’ existing rules and guidance. The principles are intended for the largest financial institutions,…
HUD: More Than $100 Million Announced for Energy Efficiency and Climate Resilience Upgrades in 1,500 Low-Income Households
Funded by President Biden’s Investing in America agenda, this historic investment will expand clean energy in low-income communities, boost housing resilience and sustainability, and help tackle the climate crisis The U.S. Department of Housing and Urban Development (HUD) announced today it is awarding $103.4 million in new loans and grants to significantly renovate the homes…
FEMA: Nearly $2 Billion in Available Funding Announced to Increase Climate Resilience Nationwide
Today, alongside the Department of Homeland Security and the White House, FEMA announced that nearly $2 billion dollars will be available for two resilience grant programs designed to help communities mitigate against climate change and increasingly frequent and severe weather events. FEMA’s Building Resilient Infrastructure and Communities (BRIC) annual grant program has made $1 billion available to fund projects…
HUD: Funding Navigator Announced to Connect Program Participants to Billions of Dollars in Federal Funding and Tax Credits to Improve Carbon Reduction and Climate Resilience
Dynamic web-based resource navigator tool, which will assist program participants identity potential funding opportunities Today, the U.S. Department of Housing and Urban Development (HUD) announced its first-ever Funding Navigator, an interactive tool that allows the user to browse and sort funding opportunities for billions of dollars in funding available under the Inflation Reduction Act (IRA),…
SBA: Over $5 Million Announced to Support STEM, R&D-Focused Small Businesses
Growth Accelerator Fund Awards $150,000 to 35 Partnerships Across National Priority Areas Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s 33 million small businesses, announced the SBA’s 2023 Growth Accelerator Fund Competition Stage Two winners. Thirty-five award-winning accelerator partnerships will receive $150,000 each to help advance equitable investment…
HUD: Funding Announced to Support Energy Efficiency and Climate Resilience in Multifamily Assisted Housing Properites
Initial awards of $18 million under the Green and Resilient Retrofit Program will support upgrades that advance energy efficiency and climate resilience in rental homes for low-income families. As part of President Biden’s Investing in America agenda, the U.S. Department of Housing and Urban Development (HUD) today announced it has awarded approximately $18 million in…
FEMA: First Recipients Selected to Administer Innovative Climate Resilience Loan Fund
Today, FEMA is announcing that seven states and the District of Columbia will receive a combined $50 million in capitalization grants to help communities reduce vulnerability to natural hazards and disasters. These capitalization grants, provided through the Safeguarding Tomorrow Revolving Loan Fund Program, and made possible by President Biden’s Investing in America agenda, will enable states, territories,…
FEMA: Nearly $3 Billion in Project Selections Announced to Help Communities Build Resilience to Climate Change and Extreme Weather Events
dditional Funding from the President’s Investing in America Agenda Enables Major Program Expansion, with 23 States Selected for the First Time WASHINGTON — Today, Homeland Security Secretary Alejandro N. Mayorkas, FEMA Administrator Deanne Criswell and Senior Advisor to the President and White House Infrastructure Coordinator Mitch Landrieu announced the project selections for nearly $3 billion in…