CDFI Fund: Application Demand Released for FY 2023 Round of BEA Program
Nearly $1.05 Billion in Increased Investments, Lending and Services in Highly Distressed Communities and to CDFIs The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the application data for the fiscal year (FY) 2023 round of its Bank Enterprise Award Program (BEA Program). A total of 189 applications were…
HUD and Census Bureau: New Residential Sales Report for June 2023
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for June 2023: New Home Sales Sales of new single‐family houses in June 2023 were at a seasonally adjusted annual rate of 697,000, according to estimates released jointly today by the U.S. Census…
CFPB: Exams Find Unfair, Deceptive and Abusive Practices Across a Wide Array of Consumer Financial Product Lines at Nonbanks
Supervisory Highlights report also details new examinations on nonbanks Today, the Consumer Financial Protection Bureau (CFPB) released a new Supervisory Highlights report which found unfair, deceptive, and abusive acts or practices across many consumer financial products. For example, auto lenders have originated loan balances above the real value of the car being purchased and engaged in…
HUD: Research Grant Opportunity and Event Announced Focused on Office-to-Residential Conversions Announced
The U.S. Department of Housing and Urban Development (HUD) released a notice of funding opportunity (NOFO) to study office-to-residential conversions. Later today, HUD’s Office of Policy Development and Research (PD&R) will host a virtual event featuring developers, researchers, and local officials to discuss the challenges of executing these conversions and how policies can help overcome those challenges. The NOFO…
FHFA: House Price Index Up 0.7 Percent in May 2023; Up 2.8 Percent from Last Year
U.S. house prices rose in May, up 0.7 percent from April, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 2.8 percent from May 2022 to May 2023. The previously reported 0.7 percent increase in April remained unchanged. For the nine census divisions, seasonally adjusted monthly price changes from April…
CFPB: New Report Shows Workers Face Risks from Employer-Driven Credit
Report follows launch of public inquiry into the challenges and prevalence of employer-driven debt Today, the Consumer Financial Protection Bureau (CFPB) published a report highlighting the risks employer-driven debt poses to workers. After a review of responses to the CFPB’s public inquiry, the analysis describes the growing prevalence of employer-driven debt and challenges workers and consumers…
Census Bureau: Household Pulse Survey Phase 3.9 Monthly Data Released
The U.S. Census Bureau today released new data from phase 3.9 of the experimental Household Pulse Survey (HPS). The HPS is an effort by the Census Bureau and other federal statistical agencies to inform federal and state response and recovery planning by providing near real-time data on the social and economic effects of the COVID-19 pandemic and…
Census Bureau: New Report Released on Aging Veterans
A new report released today by the U.S. Census Bureau shows U.S. veterans 65 years or older were less likely to be at risk of experiencing social isolation than other older adults. The report, Aging Veterans: America’s Veteran Population in Later Life, examines characteristics of the nation’s 8.1 million veterans ages 65 or older in 2021….
Census Bureau: 2030 Census Webinar Series Set to Begin
The U.S. Census Bureau today announced a series of webinars to share updates and lay the groundwork for key components of preparations for the 2030 Census. The upcoming webinars will provide important details about the Census Bureau’s 2030 Census research, plans for testing, the 2030 Census timeline and the findings of the public comments submitted in…