HUD and Census Bureau: New Residential Sales Report for November 2022 Released
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for November 2022: New Home Sales Sales of new single family houses in November 2022 were at a seasonally adjusted annual rate of 640,000, according to estimates released jointly today by the U.S….
FEMA: Emergency Food and Shelter Program National Board Allocates $75 Million for Humanitarian Assistance
The Emergency Food and Shelter Program (EFSP) National Board voted on Thursday, Dec. 22, 2022, to allocate $38.9 million to 21 local governments and service organizations to assist with humanitarian needs related to migrant families and individuals encountered by the Department of Homeland Security at the U.S. southern border. With this step, all $75 million…
HUD: $4.4 Million in Choice Neighborhoods Planning Grants Announced
Grants will fund community-driven revitalization plans in high-poverty neighborhoods with distressed HUD-assisted housing. Today, U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge announced $4,409,000 in Choice Neighborhoods Planning Grants to nine communities across America. These grants of up to $500,000 each will bring together community partners to create comprehensive neighborhood revitalization…
HUD: $875,000 Loan Guarantee Announced for Pennsylvania Wastewater Collection and Conveyance Project
The U.S. Department of Housing and Urban Development (HUD) today announced a $875,00 loan guarantee to the Commonwealth of Pennsylvania for the Sandy Township Platt Road Wastewater Collection and Conveyance Project. The loan guarantee, offered through the Section 108 Loan Guarantee Program (Section 108), will be used to finance the extension of sanitary sewer lines…
HUD: $25.4 Million Awarded by HUD and VA to Provide Housing Assistance for Veterans Experiencing Homelessness
Awards build on investments that resulted in 11% decline in Veterans homelessness from 2020 to 2022 Today, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) awarded $25.4 million in HUD-Veterans Affairs Supportive Housing (HUD-VASH) vouchers to 99 Public Housing Agencies (PHAs) across the country. This award…
FHFA: Latest Report on Non-Performing Loan Sales Released
The Federal Housing Finance Agency (FHFA) today released the latest report on the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac (the Enterprises). The Enterprise Non-Performing Loan Sales Report includes sales information about NPLs sold through June 30, 2022. Borrower outcomes reflect NPLs sold through December 31, 2021. The sale of NPLs…
EDA: $2.4 Million Invested to Support Food Infrastructure and Business Development in Peekskill, NY
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.4 million grant to Peekskill Facilities Development Corporation, Peekskill, New York, to help establish the Peekskill Commercial Kitchen Food Incubator. The project will support the renovation of a former fire station for adaptive re-use, strengthening the region’s…
CFPB: New Report Finds Household Financial Health is Declining after Several Years of Increased Savings
Annual survey of consumer financial health shows downtrends in ability to repay debts Today, the Consumer Financial Protection Bureau (CFPB) released a new Making Ends Meet report covering the financial health of American households. Since 2019, the annual Making Ends Meet consumer surveys showed improvement in financial health during the first few years of the COVID-19 pandemic,…
FEMA: Funding Opportunity Announced for New Community Resilience Program
Bipartisan Infrastructure Law Provides $500 Million Over Five Years for Safeguarding Tomorrow Revolving Loan Fund grant program Today, FEMA announced it will soon begin accepting applications for a new resilience program, funded by President Biden’s Bipartisan Infrastructure Law, to make communities safer from natural hazards. Beginning Feb. 1, the agency will accept applications for the Safeguarding…
HUD: Agency Seeking First-of-Its-Kind Input to More Equitably and Accurately Allocate Disaster Recovery Funds
Two new Requests for Information (RFIs) to mark inaugural feedback effort for Community Development Block Grant Disaster Recovery (CDBG-DR) funds The U.S. Department of Housing and Urban Development (HUD) today released two new Requests for Information (RFIs), marking the first time the Department has asked the public for feedback on how to simplify, modernize, and…