HUD: Action Taken to Expand Broadband to Low-Income Households under Affordable Connectivity Program
Secretary Fudge reiterates commitment to expanding equitable access to affordable broadband coverage in rural, urban, and suburban communities The U.S. Department of Housing and Urban Development (HUD) today informed more than 4 million HUD-assisted families that receiving benefits from the Bipartisan Infrastructure Law’s Affordable Connectivity Program (ACP) does not count as income for determining family…
ABA: Bankers Associations Partner to Strengthen Nationwide Online Banking Career Center
The American Bankers Association has teamed with the Illinois Bankers Association and 32 other state bankers associations to deliver an enhanced BankTalentHQ.com, an innovative banking career hub for banks looking to hire and job seekers across the country. The online career center allows users to search for and post available positions across the country, and also…
Joint Statement on Continued Efforts to Connect Homeowners to Pandemic Relief Issued
The Secretaries of Housing and Urban Development Marcia L. Fudge, Veterans Affairs Denis McDonough, Agriculture Tom Vilsack and Treasury Janet L. Yellen are calling on servicers of federally backed mortgages to make every effort to ensure no individual or family unduly experiences unnecessary hardship or foreclosure while assistance is available under the Homeowner Assistance Fund. The…
HUD: FHA Takes Additional Steps to Expand Affordable Housing Supply through FHA’s Claims without Conveyance of Title
Mortgagee Letter supports the Biden-Harris Administration’s efforts to increase the supply of affordable housing and expand access to homeownership for low- and moderate-income homebuyers. The Federal Housing Administration (FHA) announced on Thursday that it published Mortgagee Letter (ML) 2022-08, Expanding Affordable Housing Supply Through FHA’s Claims Without Conveyance of Title. The ML adds an initial 30-day exclusive…
HUD: Innovative “Faircloth-to-RAD” Initiative on Track to Create Nearly 1,850 Affordable Housing Units
Rental Assistance Demonstration (RAD) unlocks the creation of deeply affordable housing in support of Administration objectives to increase rental housing supply for some of the nation’s most vulnerable populations This week, the U.S. Department of Housing and Urban Development (HUD) commemorated the first anniversary of the creation of the “Faircloth-to-RAD” initiative, a new pathway that…
FHFA: Mandatory Use of the Supplemental Consumer Information Form During Loan Application Process Announced
Data collected will help lenders facilitate communications with borrowers in their preferred language The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) will require lenders to use the Supplemental Consumer Information Form (SCIF) as part of the application process for loans that will be sold to the Enterprises….
EDA: $3 Million in CARES Act Recovery Assistance Invested to Expand High-Speed Internet in Michigan’s Eastern Upper Peninsula
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million CARES Act Recovery Assistance grant to Merit Network, Inc., Ann Arbor, Michigan, to support construction of a 70-mile, middle-mile fiber optic infrastructure, which will expand access to high-speed internet in the region. The project…
ABA: Foundation Encourages Banks to Submit Nominations for 10th Annual Community Commitment Awards
The ABA Foundation is seeking submissions for its 10th annual Community Commitment Awards. The awards, one of the industry’s highest honors for extraordinary community engagement, recognizes innovative, high-impact bank programs that improve the quality of life for customers banks serve. The entry period for submitting nominations ends July 1. “Over the last 10 years, ABA has…
Census Bureau: Profile America Audio Podcast Ends 25-Year Run
The U.S. Census Bureau’s current daily podcast Profile America Audio will come to an end after 25 years on April 30. Profile America began in 1997 with one-minute audio clips and scripts that have connected Census Bureau data to a wide range of familiar and sometimes overlooked national holidays, anniversaries, observances, celebrations and historic events. The distribution of Profile…
EDA: Over $52.4 Million in American Rescue Plan Funds Invested to Support Economic Development and Put People Back to Work
These projects were made possible by regional planning efforts led by the South Carolina Appalachian Council of Governments (SCACOG). EDA funds SCACOG to bring together the public and private sectors to create an economic development roadmap to strengthen the regional economy, support private capital investment, and create jobs. This project is funded under EDA’s American…