And that wraps up this weeks Federal Friday! Please check out our full post on cceda.com/federal-frid...! Follow us @cceda.social Federal Fridays and other news in economic development!

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💸Protecting the CFPB
Several former Fed officials said the Administration "failed to understand the way the central bank operates."

💸Protecting the CFPB
On 12/17, Reuters reported that the CFPB was running out of funds and was planning on layoffs. The Administration demanded that the Fed not fund CFPB until the central bank returns to profitability.

💸Protecting the CFPB
The attempts to dismantle the Consumer Financial Protections Bureau continue. On 12/6, @riseeconomy, @woodstockinstitute, and @justeconomy filed a lawsuit to challenge acting head of CFPB, Russell Vought, regarding attempts to close the CFPB.

🏠 WIN: HUD Drops CoC Program NOFO
HUD dropped the Continuum of Care Program Notice of Funding Opportunity 12/8 but still "reserved the right to issue yet another." The lawsuit over this was initiated by a coalition of non profits and local governments, inc. the National Low Income Housing Coalition.

🌳HR 4016 - Department of Defense Appropriations Act, but REALLY SA 3972 - Selling of public land
Last Action: HR 4016 - 12/8 motion to proceed in Senate; SA 3972 - 12/15, proposed
CCEDA's Take: Call your Senator to reject SA 3972.

🌳HR 4016 - Department of Defense Appropriations Act, but REALLY SA 3972 - Selling of public land
What: Allows for the sale/transfer of national park lands in the DoD budget, something that was explicitly protected against in the Department of Interior's appropriations bill (currently in the works)

🌳HR 4016 - Department of Defense Appropriations Act, but REALLY SA 3972 - Selling of public land
Topic: environment, public lands

☣ HR 1366 - Mining Regulatory Clarity Act
Topic: environment, public lands
What: allows mining operators to use federal lands for mining-related activities like waste disposal.
Last action: 12/18, passed House
CCEDA's Take: Call your Senator to vote NO

That wraps up another Federal Friday! To stay informed on all things community economic development and policy, follow us!

Article here: nlihc.org/news/nlihc-c...

📝 HUD's Continuum of Care Program recently issued a Notice of Funding Opportunity (see our post last week on HUD updates regarding this). This week a legal challenge was launched by a coalition including the National Low Income Housing Coalition and several California local governments.

Schrank would be replacing the previous Acting Inspector General, who was ousted in early November.

Christian Schrank was nominated for Acting Inspector General of the Federal Housing Finance Agency. He is currently Deputy Inspector General for Investigations at the Department of Health and Human Services, Office of Inspector General. This position is subject to Senate confirmation

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CCEDA supports California economic development corporations, Community Action Agencies, and other organizations through public policy advocacy and technical assistance. Visit us at cceda.com to learn more and follow us on social media!

💵Community Services Block Grant & Layoffs. As part of the government reopening, Reductions in Force were essentially canceled (for now). What this means for the OCS, CSBG, and HR 3131, is still subject to the information coming out as the government reopens.

🏗 The Government Reopened. The 119th Congress runs from 2025-2027, which means there is still a lot of legislation to keep an eye on. Additionally, the budget was only approved through January 30, 2026, which means we will be revisiting these topics in the next few months.

That's all for this week, don't forget to save this to review on Monday and follow us to stay up to date on policy affecting your organization!