How to add predictive analytics into your risk program. Risk reports are often limited to historical insights and issues and do not provide guidance and insights into the future of the organization. Adding predictive analytics can allow your organization to detect emerging risks and create mitigation plans. This can be achieved by combining internal and external key risk indicators (KRIs) and key performance indicators (KPIs) with regulatory intelligence. This ensures that risk reports can detect more issues and highlight areas of concern. Click here to learn more.
FHA to insure mortgages in Opportunity Zones
HUD Secretary Ben Carson has announced the Federal Housing Administration will insure mortgages on mixed-use development under the agency’s Section 220 Program in thousands of lower income communities across the country. By expanding this program’s reach, HUD hopes to significantly boost private investment in Opportunity Zones and generate growth in development in neighborhoods that need it most.
HUD is also awarding $6 million to the Local Initiatives Support Corporation (LISC) to provide critically needed technical assistance to distressed communities with populations under 40,000, including those located in Opportunity Zones and communities struggling to recover from natural disasters.