FFIEC: Federal Bank Regulatory Agencies Release 2023 Small Business, Small Farm, and Community Development Lending Data
he federal bank regulatory agencies, as members of the Federal Financial Institutions Examination Council (FFIEC), today released data on small business, small farm, and community development lending during 2023. The Community Reinvestment Act regulations require the agencies to annually disclose these data. The FFIEC also prepared aggregate disclosure statements of small business and small farm…
ABA: Seven Banks Win ABA Foundation 2024 Community Commitment Awards
The American Bankers Association Foundation today named seven banks as 2024 Community Commitment Award winners. The annual awards recognize banks for extraordinary corporate social responsibility efforts in seven specific categories ranging from affordable housing to economic inclusion. The winners will be recognized at ABA’s Annual Convention in New York City on Oct. 29. The selection committee, made up…
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,…
HUD: $5 Million Awarded to HBCUs to Conduct Housing and Community Development Research
Winston-Salem State University and Tennessee State University will launch research centers to study housing and community development challenges and opportunities in underserved areas Today, the U.S. Department of Housing and Urban Development (HUD) awarded $5 million to Winston-Salem State University and Tennessee State University to establish Research Centers of Excellence. HUD’s Research Centers of Excellence…
findCRA to Lead CRA Session at the Arkansas Community Bankers Association’s 2024 Compliance Conference in Little Rock
findCRA will be onsite on September 11th at the annual Arkansas Community Bankers Association’s 2024 Compliance Conference in Little Rock. During the conference, findCRA’s President, COO & Co-Founder, will lead a general session covering the 2024 CRA final rule and its potential impacts to bankers within the state. The session will also dive into best practices for…
HUD: $325 Million Invested in Housing and Community Development Improvements
President Biden and HUD Acting Secretary Todman announced the Choice Neighborhoods awards to build new homes and spur economic development. Today, President Joe Biden and HUD Acting Secretary Adrianne Todman announced that the Biden-Harris Administration is awarding $325 million in Choice Neighborhoods Implementation Grant funding to seven communities to build more homes and revitalize neighborhoods…
HUD: Council on Foundations and HUD Announce Winners of 2024 Secretary’s Award for Public-Philanthropic Partnerships
Today, the U.S. Department of Housing and Urban Development (HUD) and the Council on Foundations (The Council) announced the winners of the 2024 Secretary’s Award for Public-Philanthropic Partnerships. The Secretary’s Award for Public-Philanthropic Partnerships recognizes excellence in partnerships that have both transformed the relationship between the public and philanthropic sectors and led to measurable benefits…
HUD: $5 Million Made Available for Historically Black Colleges and Universities to Conduct Housing and Community Development Research
The U.S. Department of Housing and Urban Development (HUD) released a $5 million notice of funding opportunity (NOFO) to fund research at one or more Research Centers of Excellence at Historically Black Colleges and Universities (HBCUs). The funded Centers will conduct research projects on topics of strategic interest to HUD and produce research that provides evidence-based solutions…
HUD: $1.1 Billion Announced for Tribal Housing and Community Development
Funding will address housing challenges in Tribal communities, marking an historic increase in federal support. Today, U.S. Department of Housing and Urban Development (HUD) Acting Secretary Adrianne Todman welcomed the Tribal Intergovernmental Advisory Committee at HUD Headquarters where she announced awarding a record $1.1 billion in funding for the Indian Housing Block Grant (IHBG) program…
HUD: $5.5 Billion in Grants Announced for Affordable Housing, Community Development and Homeless Assistance to Drive Economic Growth
Funding empowers 1,200 communities: addressing urgent local needs, boosting economic growth, enhancing community resilience, creating jobs, and advancing housing solutions. The U.S. Department of Housing and Urban Development (HUD) today announced $5.5 billion in funding that will go to 1,200 communities through more than 2,400 grants to States, urban counties, insular areas, DC, Puerto Rico, and localities…