FHFA: Update to Servicers Announced to Maintain Fair Lending Data on Loans
The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) will require servicers to obtain and maintain fair lending data on their loans, and for this data to transfer with servicing throughout the mortgage term. The fair lending data to be maintained includes borrowers’ age, race, ethnicity, gender, and…
EDA: Over $17 Million in American Rescue Plan Funds Invested Last Week
Last week, the following grants were made under the American Rescue Plan Funds program: August 10, 2022 – U.S. Department of Commerce Invests $587,395 in American Rescue Plan Funds to Strengthen Economic Development Organizations in Mayaguez, Puerto Rico August 9, 2022 – U.S. Department of Commerce Invests $5.4 Million in American Rescue Plan Funds to Support Workforce…
HUD: More than $840,000 Awarded to Provide Rental Assistance and Supportive Services to Native American Veterans Experiencing or At Risk of Homelessness
The U.S. Department of Housing and Urban Development (HUD) today awarded $841,113 in Tribal HUD-Veterans Affairs Supportive Housing (Tribal HUD-VASH) expansion grants to three Tribally Designated Housing Entities (TDHEs) to help house 45 Native American Veterans experiencing or at risk of experiencing homelessness. Funding was awarded to two existing Tribal HUD-VASH grantees, Cook Inlet Housing…
HUD: Nearly $3 Million in Loan Guarantee Announced for Bablyon, NY to Create a Multi-Purpose Greenhouse Public Facility
The U.S. Department of Housing and Urban Development (HUD) today awarded the Town of Babylon in the State of New York a $2,963,000 loan guarantee for the Geiger Park Botanical Garden project. The Geiger Park Botanical Garden project is part of the town’s long-term, multi-phased plan to renovate an existing park known as Geiger Memorial…
EDA: $3 Million Invested to Support Business Attraction and Expansion Efforts in Southern Indiana
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $3 million grant to the River Ridge Development Authority, Jeffersonville, Indiana, to connect two new water storage tanks to the five-county River Ridge Development Area. This grant will provide additional reliable water capacity for the River Ridge…
EDA: $1.2 Million Invested to Support Workforce Development in Central California
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.2 million grant to Fresno City College, Fresno, California, to procure supplies and training equipment for the West Fresno Advanced Training Center. This EDA investment will bolster Fresno City College’s ability to train and prepare students for…
HUD: $221 Million Announced to Tribal Communities for Affordable Housing and Community Development
The U.S. Department of Housing and Urban Development (HUD) today announced that it will make available $221 million in competitive funding for affordable housing and community development projects that primarily benefit low-to-moderate income persons in American Indian and Alaska Native communities. “The Biden-Harris Administration has made unprecedented investments in Tribal communities,” said Secretary Marcia L. Fudge. “This…
HUD: Affordable Rental Housing Community for Seniors in North Seattle, WA Completed Under Section 202 Grant Award
More than $3 million in HUD funding supported new construction and expansion of 82 homes serving residents age 62+ at 50% of the area median income. The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing is announcing today the completion of construction of Northaven West, a senior community in the Northgate…
HUD: Economic Justice Agenda Released to Help Low-Income Renters Build Assets
Bridging the Wealth Gap expands HUD’s work to help renters achieve financial well-being and homeownership through saving, credit building, and banking HUD also announces $113 million to help HUD-assisted families increase earned income and improve financial stability The U.S. Department of Housing and Urban Development (HUD) today released an agenda for economic justice that describes actions…
HUD: $33.3 Million Rental Assistance Demonstration Conversion Closed with Housing Authority of the City of Atlanta, GA
Transaction preserves 114 deeply affordable homes and 114 Low-Income Housing Tax Credit homes. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing announced today that it has closed a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of the City of Atlanta, Georgia, to preserve affordable housing at its 20-building Villages…