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…
EDA: $7.7 Million Invested for Flood Protection Infrastructure in Dubuque, IA
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $7.7 million grant to the city of Dubuque, Iowa, to make flood prevention infrastructure improvements needed to protect businesses from future flooding. This grant will expand and replace existing flood gates and pumps to reduce the impacts of…
FEMA: Memorandum of Agreement Signed with NAACP to Strengthen Partnership Before, During and After Disasters
Today, FEMA announced that Administrator Deanne Criswell and NAACP President Derrick Johnson signed an agreement outlining ways in which the two organizations will work together to help people before, during and after disasters. The agreement continues the organizations’ longstanding formal partnership beginning in 2013, when the first agreement was signed. The NAACP provides community-based support related to…
FEMA: New Disaster Preparedness Guide for Older Adults Introduced
This September marks the 20th annual National Preparedness Month, a time for everyone to recognize the importance of preparedness and take steps that protect themselves and their loved ones. As part of this year’s preparedness campaign that focuses on empowering older adults as they prepare for disasters, FEMA released the Disaster Preparedness Guide for Older Adults. The Disaster…
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,…