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…
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…
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…
OCC: Bulletin Issued on Revised Interagency Examination Procedures for HMDA
The Office of the Comptroller of the Currency (OCC) today issued the revised interagency Home Mortgage Disclosure Act (HMDA)1examination procedures for determining compliance with HMDA and its implementing regulations. Rescission This bulletin rescinds OCC Bulletin 2010-8, “Compliance Policy: Revised Home Mortgage Disclosure Act Examination Procedures.” OCC Bulletin 2019-19, “Home Mortgage Disclosure Act: Revised Interagency Examination…
HUD: Additional Assistance Announced to Keep Foster Youth Housed
26 Public Housing Agencies are receiving over $1 million total to prevent homelessness faced by youth involved in the child welfare system The U.S. Department of Housing and Urban Development (HUD) on Thursday announced that over $1 million has been awarded to public housing agencies (PHAs) across the country to provide housing assistance to youth…
HUD: Nearly $13.2 Million Awarded to Protect Families from Lead and Other Home Health and Safety Hazards
Funding to make low-income families’ homes safer and healthier The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $13.2 million to state and local government agencies located in 3 states to protect children and families from lead-based paint and home health hazards. The grants announced today emphasize the Biden-Harris Administration’s commitment to…
EDA: $1.3 Million in CARES Act Recovery Assistance Invested to Support Business Growth in Brooklyn, NY
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.3 million CARES Act Recovery Assistance grant to Brooklyn Alliance, Inc., Brooklyn, New York, to provide technical assistance to small and medium-sized businesses impacted by the coronavirus pandemic. This EDA project will support Brooklyn Alliance, Inc.’s…
EDA: $675,180 Invested for Infrastructure Improvements to Support Business Expansion and Job Growth in Devens, MA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $675,180 grant to the Massachusetts Development Finance Agency, Boston, Massachusetts, to provide roadway and stormwater infrastructure improvements needed to support additional development of the Devens Industrial Area and former Fort Devens Military Base. This EDA project will help increase job opportunities in…