HUD: New CAREs Act Multifamily Mortgage Payment Relief Implemented to Maintain and Preserve Affordable Rental Housing
Multifamily borrowers can request up to 90 days of mortgage payment forbearance from their servicer Today, the U.S. Department of Housing and Urban Development (HUD) announced it is issuing new mortgage payment relief guidance under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) for borrowers with multifamily mortgages insured by the Federal Housing…
HUD: $16 Million Awarded to Public Housing Authorities to Help Tenants Relocate
Today, U.S. Department of Housing and Urban Development (HUD) awarded $16 million to Public Housing Authorities to provide tenant protection vouchers to Public Housing (Low-Rent) Program assisted residents. These vouchers will help households with relocation or replacement housing when their Public Housing units are slated under a HUD-approved plan for demolition and disposition actions or…
CFPB: Bureau Paves Way for Consumers to Receive Economic Impact Payments Quicker
Today the Consumer Financial Protection Bureau (Bureau) took steps to make it easier for consumers to receive pandemic-relief payments, including the economic impact payments authorized in the CARES Act, through prepaid accounts. Federal, State, and local governments are considering a variety of approaches to providing consumers relief from the economic impacts of the COVID-19 pandemic….
FEMA: President Trump Approves Major Disaster Declaration for Wyoming
FEMA announced that federal emergency aid has been made available for the state of Wyoming to supplement state, tribal and local recovery efforts in the areas affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020 and continuing. Public Assistance Federal funding is available to the state, tribal and eligible local governments…
HUD: Housing Authorities and Tribes Given Additional Flexibility to Focus on Tenants During Pandemic
Waiver authority gives localities and Tribes control in dealing with COVID-19 in Communities The U.S. Department of Housing and Urban Development (HUD) today is granting Public Housing Authorities (PHA), Indian Tribes, and Tribally Designated Housing Entities (TDHEs) waiver authorities and ultimate flexibilities so agency staff can focus on assisting their tenants and properties during the…
CFPB: Guidance on Remittance Transfers During COVID-19 Pandemic
Today the Consumer Financial Protection Bureau (Bureau) took steps to ensure that consumers will be able to continue to send remittance transfers without disruption during the COVID-19 pandemic. The pandemic is having a significant impact on consumers’ finances, both here and around the world, and many consumers rely on remittance transfers to send money from…
FEMA: President Trump Approves Major Disaster Declaration for Idaho
FEMA announced that federal emergency aid has been made available for the state of Idaho to supplement state, tribal and local recovery efforts in the areas affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020 and continuing. Public Assistance federal funding is available to the state, tribal and eligible local governments…
FEMA: President Trump Approves Major Disaster Declaration for Alaska
FEMA announced that federal emergency aid has been made available for the state of Alaska to supplement state, tribal and local recovery efforts in the areas affected by the Coronavirus Disease 2019 (COVID-19) pandemic beginning on January 20, 2020 and continuing. Public Assistance federal funding is available to the state, tribal and eligible local governments…
Federal Reserve: Additional Actions Taken to Provide up to $2.3 Trillion in Loans to Support the Economy
The Federal Reserve on Thursday took additional actions to provide up to $2.3 trillion in loans to support the economy. This funding will assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical services during the coronavirus pandemic. “Our country’s highest priority must be to address…
EDA: $3.5 Million to Support Disaster and Economic Resiliency Efforts in Westby, WI
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $3.5 million grant to the city of Westby, Wisconsin, to make critical infrastructure improvements needed to expand the city’s industrial park and protect businesses from severe weather events. The EDA grant, to be matched with $868,800 in…