FEMA: President Trump Approves Major Disaster Declaration for New Hampshire
FEMA announced that federal disaster assistance has been made available to the state of New Hampshire to supplement state and local recovery efforts in the areas affected by a severe storm and flooding on July 11-12, 2019. Federal funding is available to the state and eligible local governments and certain private nonprofit organizations on a…
FEMA: Noble, Okmulgee, Ottawa and Tillman Counties Added to Oklahoma Disaster Declaration
Four more counties in Oklahoma are now eligible to apply for FEMA’s Public Assistance funding to supplement state and local recovery efforts in areas that sustained damage from the severe storms, straight-line winds, tornadoes and flooding between May 7 and June 9, 2019. Noble, Okmulgee, Ottawa and Tillman counties may now request reimbursements under the Public Assistance…
FHFA: Results Announced for Fannie Mae and Freddie Mac Dodd-Frank Stress Tests
The Federal Housing Finance Agency (FHFA) today released a report providing the results of the annual stress tests Fannie Mae and Freddie Mac (the Enterprises) are required to conduct under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The Dodd-Frank Act requires certain financial institutions with more than $10 billion in assets…
HUD: FHA Issues New Condominium Approval Rule
Comprehensive policy revisions include ability to approve individual units in nonapproved condo projects In an effort to promote affordable and sustainable homeownership, especially among credit-worthy first-time buyers, the Federal Housing Administration (FHA) today published a long-awaited final regulation, and policy implementation guidance, which establish a new condominium approval process. Designed to be flexible and responsive…
OCC: Comptroller Visits Baltimore Affordable Housing Event
Comptroller of the Currency Joseph Otting and senior staff visited an event promoting affordable and sustainable homeownership in Baltimore on Monday. The free “Achieve the Dream” event hosted by the non-profit Neighborhood Assistance Corporation of America (NACA) was part of a series the organization hosts around the country that provides counseling to potential homebuyers, helps…
EDA: $880,000 Invested to Establish a Center for Cyber Security Workforce Training at Rose State College
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding an $880,000 grant to Rose State College of Midwest City, Oklahoma, to help build a cyber security center that will assist in satisfying industry demand for trained workers. The grant, to be matched with $3 million in local investment, is expected to create…
FHFA: Final Rule on Credit Scoring Models Published
The Federal Housing Finance Agency (FHFA) today sent to the Federal Register for publication a final rule on the validation and approval of third-party credit score model(s) that can be used by Fannie Mae and Freddie Mac (the Enterprises). The rule implements the requirements in Section 310 of the Economic Growth, Regulatory Relief, and Consumer Protection…
EDA: $587 Million Available to Aid Communities Impacted by Natural Disasters
U.S. Secretary of Commerce Wilbur Ross today announced that the Department’s Economic Development Administration (EDA) has published the Fiscal Year 2019 (FY2019) Disaster Supplemental Notice of Funding Opportunity (NOFO) making $587 million available to eligible grantees in communities impacted by Presidentially declared natural disasters in 2018, and floods and tornadoes in 2019. “The Trump Administration…
EDA: $3.38 Million Invested to Improved Infrastructure at the Lafayette Regional Airport
Today, U.S. Secretary of Commerce Wilbur Ross announced that the Department’s Economic Development Administration (EDA) is awarding a $2 million grant to the Lafayette Airport Commission in Louisiana, to help construct and rehabilitate parking facilities at the Lafayette Regional Airport. The grant, to be matched with $3.38 million in local investment, is expected to help…