This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
link] In the past, regulations narrowly defined the provision of financial services. To qualify a communitydevelopment service, it has to have a primary purpose of communitydevelopment, be offered on behalf of the bank, and must be related to the provision of financial services.
Are you looking to take your communitydevelopment services to the next level? Episode 44: Economic Development as a Key to CommunityDevelopment Services. Episode 42: I Bet You Are Underreporting Your CommunityDevelopment Loans… Most Banks Are Too! Episode 29: How to Do the Undoable Deal.
Are you one of the 95 percent of banks that are underreporting communitydevelopment loans under the Community Reinvestment Act (CRA)? SHOWNOTES: CommunityDevelopment Loans Demystified with Krista Shonk, VP & Senior Counsel, Regulatory Compliance and Policy, Fair & Responsible Banking, ABA.
In recent years, the System has been subject to growing criticism that it has been inadequately supporting the housing and communitydevelopment mission given to it by Congress. Today, agency MBS outstanding is about $9 trillion, two-thirds of all first-lien mortgage dollars, while bank-held mortgage loans only account for $2.6
2 The report came about at a time when the FHLBs have been increasingly criticized for neglecting their housing and communitydevelopment mission and instead using their subsidies and privileges to benefit their financial institution owners and executives. 25] He resigned in 2004 due to accounting irregularities. [26]
At the height of the foreclosure crisis post-2008, a group of elected officials, communitydevelopment practitioners, and lawyers came together to craft a strategy to respond to the hemorrhaging real estate market in Ohio. As a result, many of these lots remain in municipal land banks for years.
Of course, there are many more pieces on this broad topic as I was trying to figure things out. -- " The communitydevelopment approach and the revitalization of DC's H Street corridor: congruent or oppositional approaches? Park Pride, the Atlanta area friends of the parks organization, has an annual conference.
Accordingly, local government programs should account for federal rules prohibiting “duplication of benefits” (or DOB) from other sources. In federal housing and communitydevelopment programs, including CDBG-DR, moderate income is defined as households earning no more than 80% of the area median income (AMI). [3] 157-3(15b).
But in recent years, California’s state government has stepped in to accelerate housing production by reforming zoning regulations, removing some of the red tape that has slowed production, and cracking down on localities that have historically resisted densifying.
We organize all of the trending information in your field so you don't have to. Join 40,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content