Community Development Digest

Story of the Week

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HUD Livens up Late Summer Grantmaking

While August and September are traditionally slow months for federal grantmaking, the Housing and Urban Development Dept. is changing this tradition this year by releasing several funding opportunities worth hundreds of millions of dollars with deadlines in mid- to late September.

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Sandy Aftermath: FEMA Accused of Massive Underpayment

New York homeowner David Clutter, who was severely underpaid by Wright National Flood Insurance Company after Hurricane Sandy, has filed a lawsuit in New York federal court against the Federal Emergency Management Agency (FEMA) because the agency refused to make good on Wright Flood’s massive underpayment for damage to Clutter’s home.

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How to Get A Biz Loan While Also Protecting Your Private Info

In the fiscal year of 2016, the SBA approved more than 70,000 loans in one of their loan programs totaling nearly $28.9B. However, well-qualified borrowers may want to go directly to a traditional lender because traditional lenders tend to offer better rates, although they generally have stricter criteria.

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Wells Fargo Must Reinstate Whistleblower, Pay $577,500 In Back Pay

The Department of Labor (DoL) has ordered Wells Fargo to reinstate and pay $577,500 in back wages, damages and other fees to a former branch manager in Pomona, CA who was terminated after she reported conduct by at least three “private bankers” working under her that she reasonably believed to be bank, wire and mail fraud.

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Researchers Find HOPE VI Program Producing Mixed Results

In an effort to better understand the results of federal mixed-income housing policy, researchers looked into the income and tenure mix of housing units produced through the HOPE VI program. What they found may surprise you.

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Lawmakers Still Searching for Common Ground on Tax Reform

With approximately five weeks left until the August recess, Congress continues trying to iron out differences on a number of legislative priorities -- including tax reform.

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Does Luxury Housing Affect Affordable Housing in San Francisco?

Evidence is beginning to emerge that tends to contradict claims by some in San Francisco that the root cause of the city’s affordable housing crisis is the spike in construction of million-dollar luxury housing. This newly developed evidence could become a pivotal point in the current debate surrounding the city’s lack of affordable housing.

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Contrary to White House, May Job Growth Below Expectations

The last three months suggest a labor market where activity is slowing somewhat rather than accelerating -- contrary to the claims of President Trump.

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NFIB Urges High Court to Take Action on Controversial Waters Rule

The National Federation of Independent Business (NFIB) has filed an amicus brief urging the Supreme Court to reverse a decision issued by the Sixth Circuit Federal Court of Appeals -- which had previously ruled that any suit challenging the controversial Waters of the United States (WOTUS) Rule should be heard in a court of appeal.

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Deal Reached to Fund Government through Remainder of FY 2017

Federal lawmakers and the Trump White House have reached agreement on a $1 trillion package to fund the government for the final five months of this fiscal year, thus averting a government shutdown, according to sources close to the negotiations.

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