EDA: $637,147 Invested to Support Disaster Resiliency and Economic Growth in San Jose, CA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $637,147 grant to San Jose State University Research Foundation in San Jose, California, to strengthen the Moss Landing Marine Laboratory site against sea level rise and natural disasters, and to spearhead development of a working waterfront to serve as a commercial asset…
HUD: Historic HUD Climate Declaration Signed at the United Nations Buildings and Climate Forum
HUD shares U.S. progress and brings home key insights on building climate-resilient housing Last week, during the United Nations Buildings and Climate Forum in Paris, France, representatives from the U.S. Department of Housing and Urban Development (HUD) shared information on its efforts to decarbonize and increase resiliency within its programs and housing portfolio, highlighted the Biden-Harris Administration’s…
FEMA: $150 Million Announced to Help Underserved Communities Receive Low-Interest Loans for Disaster Resilence Projects
Announcement Triples Amount Available for the Bipartisan Infrastructure Law-funded Safeguarding Tomorrow Revolving Loan Fund Grant Program As FEMA launches 2024 as its “Year of Resilience”, the agency is announcing the second funding opportunity for the Safeguarding Tomorrow Revolving Loan Fund (RLF) grant program to make communities safer from natural hazards. This program, funded by the Bipartisan Infrastructure Law, provides capitalization…
FEMA: DHA Unveils New “Shields Ready” Campaign to Promote Critical Infrastructure Security and Resilience
Today, the Department of Homeland Security (DHS), the Cybersecurity and Infrastructure Security Agency (CISA), and FEMA launched the new “Shields Ready” campaign to encourage the critical infrastructure community to focus on strengthening resilience. Resilience is the ability to prepare for, adapt to, withstand and rapidly recover from disruptions caused by changing conditions. The new campaign was unveiled during…
FDIC: 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,…
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…