Author: findCRA

FHFA: FHA Announces Multifamily Tenant Protections for Properties Financed by Fannie Mae and Freddie Mac

Tenant protections will be included in new multifamily loan agreements beginning in February 2025 The Federal Housing Finance Agency (FHFA) today announced a set of required tenant protections for multifamily properties financed by Fannie Mae and Freddie Mac (the Enterprises). This announcement results from FHFA’s extensive and ongoing engagement with market participants and key stakeholders…

Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies

Federal bank regulatory agencies today released the 2024 list of distressed or underserved nonmetropolitan middle-income geographies where certain bank activities are eligible for Community Reinvestment Act (CRA) credit.  Under the CRA, the agencies assess a bank’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with safe and…

FEMA: President Biden Approves Major Disaster Declaration for New Hampshire

FEMA announced that federal disaster assistance is available to the state of New Hampshire to supplement recovery efforts in the areas affected by the severe winter storm and flooding from April 3-5, 2024. Federal funding is available to the state, eligible local governments and certain private nonprofit organizations on a cost-sharing basis in Belknap, Carroll,…

Census Bureau: Household Pulse Survey Phase 4.1 Monthly Data Released

The U.S. Census Bureau today released new data from Phase 4.1 of the experimental Household Pulse Survey (HPS). The HPS is an effort by the Census Bureau and other federal statistical agencies to measure how emergent issues are impacting U.S. households from a social and economic perspective. Topics for Phase 4.1 include employment status, spending, food security, housing,…

FFIEC: 2023 HMDA Data on Mortgage Lending Published

The Federal Financial Institutions Examination Council (FFIEC) today published data on 2023 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 5,113 U.S. financial institutions, including banks, savings associations, credit unions, and mortgage companies. The HMDA data are the most comprehensive source of publicly available information on mortgage market activity. The data…

HUD: New Communities Accepted to Participate in the ConnectHomeUSA Initiative and Bridge the Digital Divide for HUD-Assisted Families

ConnectHomeUSA will support HUD-assisted communities by addressing the three key aspects of digital inclusion: providing affordable internet access, offering free/affordable devices, and delivering digital skills training. The U.S. Department of Housing and Urban Development (HUD) announces 97 communities that have been selected to participate in the ConnectHomeUSA (CHUSA) initiative, bringing training and technical assistance to…

HUD: Disaster Aid Offered to Texas Hurricane Victims

Federal aid supports state, tribal and local recovery for July 2024 Texas hurricane. The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of Texas and ordered Federal aid to supplement state, tribal, and local recovery efforts in the areas affected by hurricane Beryl beginning on…

HUD: Council on Foundations and HUD Announce Winners of 2024 Secretary’s Award for Public-Philanthropic Partnerships

Today, the U.S. Department of Housing and Urban Development (HUD) and the Council on Foundations (The Council) announced the winners of the 2024 Secretary’s Award for Public-Philanthropic Partnerships. The Secretary’s Award for Public-Philanthropic Partnerships recognizes excellence in partnerships that have both transformed the relationship between the public and philanthropic sectors and led to measurable benefits…

HUD: $40 Million Made Available to Prevent Evictions and Prevent Homelessness

The funding will provide legal assistance at no cost to low-income tenants. The U.S. Department of Housing and Urban Development (HUD) announced the availability of $40 million in grant funds for eligible non-profit or governmental entities to provide no cost legal assistance to low-income tenants at risk of or subject to eviction from their homes….

FHFA: Release of Historical VantageScore 4.0 Credit Scores Announced by the Enterprises

The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) are making historical VantageScore® 4.0 credit scores available to approved users to support the transition to updated credit score and credit report requirements.   The historical credit scores for each Enterprise are associated with single-family loans purchased by that Enterprise from April 2013 through March 2023. This comprehensive release reflects the period for which trended consumer credit data is reliably available across the three nationwide…