FEMA: Assistance Expanded to Boost Climate Resilience and Support Communities Using Low-Carbon Materials
As part of the Biden-Harris Administration’s historic investments in America and climate resilience, FEMA announced today that it will make grant funds available to communities for low-carbon materials used in disaster recovery and climate resilience projects. States, tribes, territories and local communities will now have more access to cleaner building materials through eligible FEMA programs to…
HUD: $5.5 Million Awarded to HBCUs to Conduct Housing and Community Development Research
Funding a part of HUD efforts to diversify housing research Today, the U.S. Department of Housing and Urban Development (HUD) announced awards totaling $5.5 million for Historically Black Colleges and Universities (HBCUs) to Texas Southern University and North Carolina A&T University to establish or bolster existing Centers of Excellence (COE) that conduct housing and community…
HUD: Assistance Announced for Mississippi in Wake of Tornadoes
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster relief for the state of Mississippi to assist state, tribal, and local recovery efforts for areas affected by severe storms, straight-line winds, and tornadoes beginning March 24 to March 25, 2023. On March 26, 2023, President Biden issued a major disaster…
HUD: Process Begins to Strengthen Standards for Conditions in HUD Assisted and Insured Housing
Public comment on proposed scoring methodology for inspections now open for the first time in 20+ years as part of system-wide overhaul Today, the U.S. Department of Housing and Urban Development (HUD) published the proposed scoring notice for the National Standards for the Physical Inspection of Real Estate (NSPIRE) in the Federal Register. This updated scoring notice,…
HUD: $2.8 Billion in Annual Funding Announced to Help People Experiencing Homelessness
To help individuals and families experiencing homelessness move into permanent housing, the U.S. Department of Housing and Urban Development (HUD) today announced $2.8 billion in Continuum of Care (CoC) Competition Awards for thousands of local homeless service and housing programs across the United States. The awards, previewed by HUD Secretary Marcia L. Fudge at the…
FHFA: House Price Index Up 0.2 Percent in January 2023; Up 5.3 Percent from Last Year
U.S. house prices rose in January, up 0.2 percent from December, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 5.3 percent from January 2022 to January 2023. The previously reported 0.1 percent price decline in December 2022 remained unchanged. For the nine census divisions, seasonally adjusted monthly price changes…
EDA: U.S. Department of Commerce Funds Eight Communities of Practice to Bolster Economic Competitiveness and Resiliency
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) had completed awarding $27.9 million in cooperative agreements to establish eight economic development Communities of Practice. Communities of practice are designed to connect participants to capture and disseminate practical knowledge. Each Community of Practice supported through these EDA awards will…
ABA: Credit Card Market Continued to Normalize in Third Quarter 2022
Consumers continued to effectively manage their credit obligations despite economic headwinds in the third quarter of 2022, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. The report found that the effective finance charge yield (which measures interest payments relative to total outstanding credit) increased, reflecting the Federal Reserve’s interest rate hikes…
HUD: Additional $3.4 Million in American Rescue Plan Funds Available for the Fair Housing Initiatives Program
Agencies can apply to grants opportunities to fight housing discrimination related to the COVID-19 Pandemic until May 11, 2023; Resources build on COVID-19 related loss mitigation efforts that kept nearly 2 million people in their homes during the COVID-19 National Emergency The U.S. Department of Housing and Urban Development (HUD) announced today that it is…
HUD: Updated Guidance Published for Section 8 Project-Based Rental Assistance Contract Renewals
Section 8 Renewal Guidebook provides updated policies and processes for rent comparability studies required as part of Section 8 Housing Assistance Payment Contract renewals. The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced today newly updated guidance for owners of properties participating in its Section 8 Project-Based Rental Assistance (PBRA) program….