OCC Newsletter Focuses on Bank Financing for Homeless Housing Facilities

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.  Read more.