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Community Development Natural Disasters

GeoDataVision

Designated Disaster Areas and CRA Community Development: Be Careful!

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Dear Banker, Many bankers are easily confused by the technical requirements for loans in "disaster areas'' to be potentially qualified for community development credit under CRA. This brief article explains how to avoid...more

Best Best & Krieger LLP

U.S. Department of Treasury Releases Updated ARPA Interim Final Rule

The Consolidated Appropriations Act of FY23 created new American Rescue Plan Act (ARPA) eligibility – to include response to natural disasters, to build critical information, and support community development. On August 10,...more

Polsinelli

Opportunity Zone Deadlines Extended By Covid-19 Disaster Declarations

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INTRODUCTION - The COVID-19 pandemic has led Governors of many states to request that their states be declared federal disaster areas. As of this writing, President Trump has declared numerous states to be federal disaster...more

Troutman Pepper Locke

Texas General Land Office Releases Hurricane Harvey State Action Plan

Troutman Pepper Locke on

On April 10, the Texas General Land Office (“GLO”) released a draft of the State of Texas Plan for Disaster Recovery: Hurricane Harvey – Round 1 (the “State Action Plan”). The State Action Plan outlines the GLO’s proposed use...more

Ballard Spahr LLP

Banking Agencies Address Disaster Relief for Hurricane Harvey Victims

Ballard Spahr LLP on

Several federal agencies have issued reminders and requirements related to banking and credit services for borrowers affected by Hurricane Harvey.  We previously reported on mortgage-related guidance issued by Fannie Mae,...more

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