Census Bureau: New Vintage 2021 Population Estimates Available for the Nation, States and Puerto Rico
According to the U.S. Census Bureau’s Vintage 2021 national and state population estimates and components of change released today, the population of the United States grew in the past year by 392,665, or 0.1%, the lowest rate since the nation’s founding. The slow rate of growth can be attributed to decreased net international migration, decreased fertility, and…
Federal Bank Regulatory Agencies Release 2020 Small Business, Small Farm and Community Development Lending Data
The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, members of the Federal Financial Institutions Examination Council (FFIEC), today released data on small business, small farm, and community development lending during 2020. The Community Reinvestment Act regulations require the agencies to annually disclose these data. The…
HUD: $9 Million Loan Guarantee to Cleveland Announced for Development of Nearly 200 Housing Units and Grocery Store
The U.S. Department of Housing and Urban Development today announced a $9 million loan guarantee to the City of Cleveland, Ohio for the development of a mixed-used site that includes nearly 200 housing units and a 40,000 square foot grocery store. “This is a tremendous opportunity for Cleveland to expand access to affordable housing while…
FHFA: Report on Enterprise Single-Family Guarantee Fees in 2020 Issued
The Federal Housing Finance Agency (FHFA) today issued its annual report on single-family guarantee fees charged by Fannie Mae and Freddie Mac (the Enterprises). Guarantee fees are intended to cover the credit risk and other costs that the Enterprises incur when they acquire single-family loans from lenders. These costs include projected credit losses from borrower defaults…
FHFA: Third Quarter 2021 Foreclosure Prevention and Refinance Report Released
More than 6.2 million homeowners helped since conservatorship The Federal Housing Finance Agency (FHFA) today released its third quarter 2021 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie Mac (the Enterprises) completed 180,566 foreclosure prevention actions during the quarter, raising the total number of homeowners who have been helped to 6,210,485…
EDA: $5 Million in American Rescue Plan Funding Invested to Support U.S. Territory-Wide Economic Development Planning
Grants for 5 Territories will Lay the Foundation for President Biden’s Build Back Better Agenda U.S. Secretary of Commerce Gina M. Raimondo today announced that the Department’s Economic Development Administration (EDA) is awarding American Rescue Plan statewide planning grants to five territories to support territory-wide economic development planning efforts. The funding will assist communities in…
Census Bureau: 2020 American Community Survey 5-Year Data Pushed to March 2022
In November, the U.S. Census Bureau announced it would delay the release of the 2016-2020 American Community Survey (ACS) 5-year data, originally scheduled for December 2021, due to the impacts of COVID-19 on data collection. We continue to make progress towards a mid- to late-March 2022 data product release. Since November, we have refined our methodology to reduce the impact of the nonresponse bias due to the COVID-19 pandemic. The methodology improves the 2020 data input by comparing characteristics for responding and nonresponding households…
HUD: Over $18 Million Awarded to 33 States to Provide Housing Assistance for Veterans
Vouchers will provide housing for veterans experiencing homelessness The U.S. Department of Housing and Urban Development (HUD) on Monday awarded over $18 million in HUD-Veterans Affairs Supportive Housing (HUD-VASH) vouchers to 103 Public Housing Agencies (PHAs) in 33 states across the country to support veterans experiencing homelessness. This round of allocations, announced during a press…
FHFA: Final 2020 Housing Goals Performance Determinations Announced
Today, the Federal Housing Finance Agency (FHFA) announced the final determinations for Enterprise performance on the 2020 housing goals. During 2020, Fannie Mae met all of the single-family and multifamily housing goals. Freddie Mac met the single-family purchase goals for low-income families, very low-income families, and low-income areas, and all of the multifamily goals, but…
CFPB: DOJ and CFPB Put Landlords and Mortgage Servicies on Notice about Servicmembers’ and Veterans’ Rights
Joint letters remind landlords and mortgage servicers to adhere to the CARES Act and additional legal requirements under the Servicemembers Civil Relief Act The Consumer Financial Protection Bureau (CFPB) and U.S. Department of Justice (DOJ) issued two joint letters today regarding important legal housing protections for military families. One letter was sent to landlords and…