FEMA: FEMA, State Emergency Management and Local Leaders Announce Historic Investments in Climate and Disaster Resilience
Today, FEMA Region 10 Administrator Wille G. Nunn joined Washington Emergency Management Division Director Robert Ezelle and local leaders in Aberdeen, WA, to announce Washington projects selected as part of President Biden’s historic $1.16 billion climate and disaster resilience investment and the availability of an additional $3.095 billion in funding opportunities for communities in Fiscal…
HUD: New Steps Announced to Lower Electricity Bills for Residents in HUD Programs
New HUD Actions to Connect HUD-Assisted Residents and Homeowners to Solar Power and Lower Energy Costs The Biden Administration, through the U.S. Department of Housing and Urban Development, announced today new measures to connect families served by HUD programs to solar power and help lower their electricity bills. Over 4.5 million low-income families are currently…
FEMA: Programs Announced for Inclusion in the Justice40 Initiative to Increase Equity and Community Resilience
Today, FEMA released an initial list of programs covered under the Biden-Harris Administration’s Justice40 Initiative, which aims to deliver 40% of the overall benefits of climate, clean energy, affordable and sustainable housing, clean water and other investments to disadvantaged communities that are marginalized, overburdened and underserved. There are four covered programs within FEMA, each of which advance the Biden-Harris…
HUD: 24 Programs Announced to Join Justice40 Initiative for Disadvantaged and Underserved Communities
As part of the Biden-Harris Administration’s agenda to advance environmental justice, the U.S. Department of Housing and Urban Development today released a list of its programs included in the Administration’s Justice40 Initiative. President Biden created the Justice40 Initiative to deliver 40% of the overall benefits of climate, clean energy, affordable and sustainable housing, clean water, and…
EDA: $2.6 Million Invested to Establish the Building Resilient Economies in Coal Communities Initiative
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.6 million grant to the National Association of Counties (NACo) to lead a coal-focused Community of Practice called the Building Resilient Economies in Coal Communities Initiative. The establishment of this multi-organizational, self-governing, knowledge-sharing community will empower…
HUD: $500,000 Loan Guarantee Announced for Downey, CA to Advance Energy Efficiency Upgrades
The U.S. Department of Housing and Urban Development (HUD) today announced a $500,000 loan guarantee for the City of Downey, California for the Solar Photovoltaic and Battery Energy Storage Systems Project. The loan guarantee, offered through the Section 108 Loan Guarantee Program, will be used to help finance the installation of energy efficiency upgrades, such…
FDIC: 2022 Risk Review Published Highlighting Emerging Risks in the Banking System
The Federal Deposit Insurance Corporation (FDIC) today published its 2022 Risk Review, a comprehensive summary of emerging risks in the U.S. banking system as observed in 2021. The 2022 Risk Review expands coverage of risks from prior reports by examining operational risk to banks from cyber threats and illicit activity, and climate-related financial risks faced by…
HUD: FHA New “Green Mortgage Insurance Premium” Reductions Announced for Residential Care Facilities Meeting Industry-Recognized Green Building Certifications
Reductions of mortgage insurance premiums for “green” Section 232 Residential Care Facilities supports Administration’s environmental objectives and HUD’s Climate Action Plan. The Federal Housing Administration (FHA) announced on Wednesday, May 18 that it intends to implement significant reductions in the upfront and annual mortgage insurance premiums (MIP) it charges for most mortgage insurance categories under the Section…
FHFA: Membership in the Network of Central Banks and Supervisors for Greening the Financial System Announced
The Federal Housing Finance Agency (FHFA) today announced its membership in the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). Recognizing the increasing risk to property from climate change, including severe structural damage caused by hurricanes, tornadoes, floods, droughts and wildfires, FHFA Acting Director Sandra L. Thompson issued a statement in December 2021 that…
HUD: Support for Washington D.C.’s “Solar for All” Program Announced
The U.S. Department of Housing and Urban Development (HUD) today announced its support for Washington, D.C.’s “Solar for All” program to ensure that residents of HUD-assisted properties in the District are able to access the program without experiencing an increase in their housing costs. “This opportunity highlights the many ways that HUD is ensuring an…