HUD: $4 Million Radon Testing Notice of Funding Opportunity Announced
The U.S. Department of Housing and Urban Development (HUD) is making available $4 million through HUD’s new Radon Testing and Mitigation Demonstration Program Notice of Funding Opportunity (NOFO) for public housing agencies. PHAs will use the funds in public housing properties where low-income families reside. With this funding, PHAs will be able to conduct testing…
HUD and Census Bureau: New Residential Sales Report for December 2021 Released
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for December 2021: New Home SalesSales of new single‐family houses in December 2021 were at a seasonally adjusted annual rate of 811,000, according to estimates released jointly today by the U.S. Census Bureau…
CFPB: Public Input Requested on Fees on Bank Accounts, Credit Cards, and Other Financial Products
Consumer Financial Protection Bureau Launches Initiative to Save Americans Billions in Junk Fees Today, the Consumer Financial Protection Bureau (CFPB) launched an initiative to save households billions of dollars a year by reducing exploitative junk fees charged by banks and financial companies. Today’s request is a chance for the public to share input that will…
HUD: Notice Published to Extend Length of Housing Support to Foster Youth
The U.S. Department of Housing and Urban Development (HUD) on January 24, 2022, published a notice in the Federal Register implementing and providing guidance on the provisions of the Fostering Stable Housing Opportunities (FSHO) amendments as part of the Consolidated Appropriations Act of 2021. FSHO serves to help reduce the incidence of homelessness among former foster youth…
FHFA: House Price Index Up 1.1 Percent in November 2021; Up 17.5 Percent from Last Year
House prices rose nationwide in November, up 1.1 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 17.5 percent from November 2020 to November 2021. The previously reported 1.1 percent price change for October 2021 remained unchanged. For the nine census divisions, seasonally adjusted monthly house price…
ABA: Credit Market Expectations for Businesses and Consumers Confirm Solid Economic Outlook
Bank economists expect credit conditions to continue improving for both consumers and businesses over the next six months, according to the American Bankers Association’s latest Credit Conditions Index released today. The latest summary of ABA’s Credit Conditions Index examines a suite of indices derived from the quarterly outlook for credit markets produced by ABA’s Economic Advisory Committee…
Federal Reserve: Household Survey Shows Sustained Rise in Reported and Expected Spending Growth
The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the December 2021 Survey of Consumer Expectations (SCE) Household Spending Survey, which provides information on individuals’ experiences and expectations regarding household spending. The survey shows a continued rise in monthly household spending growth, with spending growth moving well above pre-pandemic levels. However, the…
HUD: More Than $51 Million in Grants to Support Housing Counseling Programs, Partnerships with Minority Serving Institutions, and Training Announced
Awards provide HUD-approved housing counseling agencies and intermediaries with funding to maintain and expand critical services for the nation’s renters, homebuyers, and homeowners. The U.S. Department of Housing and Urban Development (HUD) on Monday awarded $51.4 million in housing counseling grants to 177 HUD-approved housing counseling agencies and intermediary organizations. This includes funding to HUD-approved housing counseling…
HUD: Four New Members Appointed to the Housing Counseling Federal Advisory Committee
New appointments bring Committee membership to full 12 members authorized by statute. The U.S. Department of Housing and Urban Development (HUD) announced on Monday the appointment of four new members to the Housing Counseling Federal Advisory Committee. These new members complement the Committee’s existing eight members, bringing membership back to the full twelve members authorized by statute….
FDIC: Operation HOPE, Inc. and FDIC Announce Initiative to Expand Financial Education and Minority/Women-Owned Business Opportunities
The Federal Deposit Insurance Corporation (FDIC) today announced a collaboration with Operation HOPE, Inc., to promote financial education using the FDIC’s Money Smart curriculum and other resources and to help educate minority- and/or women-owned businesses on how to do business with the agency. The arrangement expands upon a longstanding relationship between the FDIC and Operation…