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…
SBA: New HUBZones Announced in Louisiana to Expand Federal Contracting Opportunities for Small Businesses Across the State
Today, Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice for America’s 33.2 million small businesses in President Biden’s Cabinet, and Louisiana Governor John Bel Edwards, the state’s 56th governor, announced the expansion of HUBZone across Louisiana, a program that provides small businesses in low-income communities that hire low-income residents with opportunities…
FHFA: Third Quarter 2022 Foreclosure Prevention and Refinance Report Released
More than 6.6 million troubled homeowners helped since conservatorships The Federal Housing Finance Agency (FHFA) today released its third quarter 2022 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 69,362 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to…
FHFA: Final Rule for New Enterprise Products and Activities Announced
The Federal Housing Finance Agency (FHFA) today published a final rule that requires Fannie Mae and Freddie Mac (the Enterprises) to provide advance notice to FHFA of new activities and obtain prior approval before launching new products. “The final rule clarifies how FHFA will conduct assessments of new activities and products proposed by the Enterprises,”…