Cities and counties have been slow to take advantage of the promise of full and retroactive FEMA reimbursement to expand emergency housing programs, frustrating housing advocates. What’s getting in the way?
All banking activities, regardless of whether they benefit middle- and upper-income or low- and moderate-income people and communities, could count in the next round of CRA exams. This would further disadvantage communities that are already disproportionately impacted by the pandemic.
When it comes to helping people maintain or recover their housing, hurricanes and fires aren’t as different from a pandemic as one might think.