OCC Newsletter Focuses on Bank Financing for Homeless Housing Facilities
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Developments Investments electronic newsletter, titled “Ending Homelessness: Financing Permanent Supportive Housing,” which provides an in-depth look at bank financing for permanent supportive housing for the homeless. The newsletter articles provide background information about the population experiencing homelessness, the high cost of homelessness to communities, the federal efforts to address homelessness, and financial institutions’ investments to support community goals to end homelessness. Articles further describe how banks are helping to build more supportive housing by investing in low income housing tax credits either directly or through equity funds.
“This newsletter provides examples of how banks can and are helping to end chronic homelessness by investing in the development of permanent supportive affordable housing for the homeless,” said Acting Comptroller of the Currency John Walsh. “The articles in this newsletter review financing structures commonly used by banks to finance homeless housing facilities and how such investments may be eligible for positive Community Reinvestment Act consideration.”
Ending Homelessness: Financing Permanent Supportive Housing
| A Look Inside … National banks are playing a key role in the national effort to reduce chronic homelessness by financing permanent supportive housing, partnering with local nonprofits, making charitable grants, and providing leadership on local boards, community groups, and community projects.
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| U.S. Interagency Council on Homelessness: How Banks are Helping to Build Homes for the Homeless The U.S. Interagency Council on Homelessness (USICH) coordinates the federal response to homelessness through partnerships at every level of government and with the private sector. USICH is leading the national effort to end chronic homelessness by 2015. |
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| Corporation for Supportive Housing: Helping the Homeless Live With Dignity The Corporation for Supportive Housing (CSH) helps communities seeking to prevent and end homelessness by supporting efforts to develop permanent supportive housing.CSH tackles homelessness by bringing together people, skills, and resources, and providing high-quality advice and development expertise, in a collaborative search for solutions.
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| Great Lakes Capital Fund: Raising Capital for Permanent Supportive Housing In the Midwest, developers of permanent supportive housing for the homeless are working with Great Lakes Capital Fund and other organizations to give chronically homeless individuals a chance at better lives. |
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| Huntington National Bank Community Development Corporation: Making a Difference, One Bank at a Time Huntington National Bank is using its resources to help provide affordable housing in Ohio and throughout the Midwest. The bank faces a big challenge. In 2010, approximately 150,000 Ohioans were homeless. An additional 327,000 households spent more than 50 percent of their income on housing, leaving precious little for food, clothing, and other necessities of life. |
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| This Just In … OCC’s Four Districts Report on New Opportunities for Banks OCC District Community Affairs Officers report on local and regional opportunities for banks to become involved with community efforts, including opportunities to help end chronic homelessness. |
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If the banks are helping now after stealing everyones home you can bet that its because they have dreamed up another way to defraud somebody…..
Friday Night Limerick:
They’re known as the OCC
A real corrupt agency
You can send them your complaint
But the bank’s fault it aint
Now go on your way merrily
oh, C…C…
just more misery.
I’m confused. Does the OCC stand for “Office of the Comptroller of the Currency” or “Offering Cover for Criminals?” What is all this orgasmic gushing over the banks? “National banks are playing a key role in the national effort to reduce chronic homelessness.” Or how about, “Making a difference one bank at a time.” Then there’s my personal favorite about how the banks are really involved with community efforts to help the homelessness.
Seriously, let’s just shut down the OCC and save the taxpayers some money because it is a totally inept agency. They hold no one accountable for anything.
Sorry – meant to say “help the homeless” in my last line but my error turned out to be more accurate. The banks are helping the “homelessness.”
DOWN WITH THE UN FEDERAL RESERVES MONETARY SYSTEM….! IT IS THE 666 MICROCHIPPED MARK OF THE BEAST……!!! .PRESIDENT OBAMA HAS THE POWER TO AND MUST ISSUE OUR OWN CURRENCY….NOW…! U.S. BANK NOTES BACKED BY OUR OWN NATURAL RESOURCE REVENUES AND ISSUED BY STATE BANKS..IS THE ONLY WAY TO INSURE OUR NATIONAL SECURITY…. NATIONAL SOVEREIGNTY…LIBERTY AND PROSPERITY….!! …
More marketing, you ass#$les!
FUCK THE OCC…WE THE PEOPLE ARE OCCUPYING EVERYTHING….AND COMPLETELY RESCINDING OURSELVES FROM THE FEDERAL RESERVE BANKING CARTEL …..!!!! .WE THE PEOPLE DEMAND THAT PRESIDENT OBAMA ISSUE OUR OWN U.S. CURRENCY…BACKED BY OUR OWN HIJACKED NATURAL RESOURCE REVENUES….ISSUED BY STATE BANKS…WHERE FEDERAL RESERVE NOTES CAN BE CASHED IN….AT FULL FACE VALUE….FOR U.S. BANK NOTES….! GOD BLESS AMERICA……!! NATIONAL SOVEREIGNTY AND FREEDOM AND LIBERTY WILL PREVAIL…!!!!!
I totally agree with ivent we would not be in this mess in the first place if it wasn’t for the robbing and stealing they have done to everyone in the past 50 years.
I totally agree with ivent we would not be in this mess in the first place if it wasn’t for the robbing and stealing they have done to everyone in the past 50 years. Maybe not so much the occ or hud but ever other agency that has enabled the banksters.
Here’s the proof that fraud vitiates everything… That’s why any act of fraud in a legal transaction nullifies the entire transaction..like when there are any alterations made to a check after you sign and issue it….and then someone alters it….that is a criminal act of fraud..that’s why when you make any changes to a check you must initial the changes or the bank wont honor it…because the check was dishonored….the same laws apply to a mortgage contract” secured” to a note…. an unindorsed…note is not onky unsecured but NON-NEGOTIABLE….!!!….just as if you issued a check to yourself and never signed the back of the check…it has to be endorsed..it would be non-negotiable until endorsed on the back…….THE FED GOT PAID AT THE ORIGINATION BY US, THE U.S. TAXPAYERS…VIA THE U.S. TREASURY…..AND IT WAS REALLY US WHO CASHED THAT NOTE…..BUT WE NEVER SIGNED THE BACK…SO THE FEDERAL RESERVE DISHONORED THAT NOTE WHEN THE TREASURY CASHED IT…..AND THE U.S. TREASURY CASHED OUR UNINDORSED NOTES/CHECKS SO THE TREASURY IS ALSO COMPLICATE…….YOU ALSO CANNOT LEGALLY CASH THAT NOTE/CHECK AGAIN …or reconvey it….to a third party in the case of the notes….they did cash the notes at the U.S. TREASURY….THAT GENERATED THE PAID WARRANTY DEED………AND GENERATED A BOND AND A TREASURY TOO…..MWAHAHA…!!…AND THEY DID NOT SELL THE LOANS TO ANOTHER BANK….THE ORIGINATOR ….THE FEDERAL RESERVE BANK HELD THE LOANS, THE BOND AND THE TREASURIES..AND SOLD INTERESTS IN EVERYTHING….AND AS AN ILLEGAL THIRD PARTY…….VIA SERVICERS THAT THEY OWN…..THEY ALSO COLLECTED ALL OF THE PAYMENTS AND INTEREST ON THE FRAUDULENTLY INDUCED MORTGAGES AS A THIRD PARTY. IMPOSTER..MWAHAHA…..MWAHAHA…!!!…..THEY NEVER LENT ANY MONEY SO THAT IS MORE DECEPTIVE CRIMINAL FRAUD….THEN THE FED SOLD THE POOLS OF DISHONORED NOTES ONTO WALL STREET…..MORE ILL GOTTEN GAINS FOR THE FED…..WALL STREET AND THE FED AND THE GSE’s SOLD INTERESTS IN THOSE FRAUDULENT MBS’s EXPONENTIALLY….AND WALL STREET AND THE FED GAMBLED ON THAT MASSIVE FRAUD…COMMITTING $700 TRILLION DOLLARS IN DEBT ….INVESTMENTS IN NOTHING….THEY NEVER LENT ANY OF THEIR OWN MONEY….SO THEY HAD NO COLLATERAL BACKING UP THOSE SALES…..THEIR DEBT FRAUD IS MASSIVE AND UNSUSTAINABLE…..AND CAN NEVER BE REPAID..TOTAL DERIVATIVES FRAUD COMMITTED BY THE FED AND THE GSES AND WALL STREET IS ESTIMATED AT $1.2 QUADRILLION DOLLARS…! FANNIE MAE ALSO INVESTED IN THE FRAUDULENT MBS’S…..AND SOLD INTEREST IN THEIR FRAUDULENT REPURCHASES..TO THE IMF…AND WHO KNOWS WHO ELSE….NOW THE FEDERAL RESERVE MUST RESCIND…SECURITIZATION WAS JUST A R– USE…IT NEVER HAPPENED…..BECA– USE SECURITIZATION IS FRAUD….AND THEY NEVER LENT YOU ANY MONEY……THE AMERICAN PEOPLE PAID FOR EVERYTHING AT THE ORIGINATION FRAUD…THATS WHY THESE MORTGAGES AND NOTES ARE A NULLITY AND ONLY SECURED TO THE ENTITIES WHO PAID THE NOTES/CHECKS AT ORIGINATION….THE U.S. TAXPAYERS!!! …THATS WHY THERE IS NO ORIGINATION…BECA– USE ALL OF OUR HOMES ARE PAID FOR FREE AND CLEAR AND HAVE BEEN SINCE THE ORIGINATION ….JUST LIKE ALL OF THE MANUFACTURED WARS WERE CREATED BY THE CRIMINAL ELITE AND ALL WAR DEBT IS MANUFACTURED…AND EVERYTHING ELSE IN AMERICA…. THE AMERICAN PEOPLE PAID FOR EVERYTHING UP FRONT AT THE ORIGINATION…. THE FED OR NO ONE ELSE EVER LENT US ANY MONEY….THOSE WERE ALL MANUFACTURED LIES THE FEDERAL RESERVE AND THEIR IMF COHORTS — USED THROUGHOUT OUR HISTORY TO HIJACK AND ROB US…. THEREFORETHE FED AND THE IMF ARE BOTH CRIMINAL ENTERPRISES AND MUST PAY AMERICA BACK AND BE EVICTED FROM AMERICA FOR THEIR MASSIVE CRIMES…!