HUD: $325 Million Invested in Housing and Community Development Improvements
President Biden and HUD Acting Secretary Todman announced the Choice Neighborhoods awards to build new homes and spur economic development. Today, President Joe Biden and HUD Acting Secretary Adrianne Todman announced that the Biden-Harris Administration is awarding $325 million in Choice Neighborhoods Implementation Grant funding to seven communities to build more homes and revitalize neighborhoods…
FEMA: President Biden Approves Major Disaster Declaration for Kansas
FEMA announced that federal disaster assistance is available to the state of Kansas to supplement recovery efforts in the areas affected by the severe storms, straight-line winds, tornadoes and flooding from April 25-30, 2024. Public assistance federal funding is available to the state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing…
HUD: $100 Million Provided to the U.S. Virgin Islands for Electrical System Infrastructure Improvements
The funding will enhance power reliability on the U.S. Virgin Islands. This week, the U.S. Department of Housing and Urban Development (HUD) announced the release of $100 million in Community Development Block Grant – Mitigation funds to the U.S. Virgin Islands. The funds are available for the purchase of fuel storage infrastructure benefitting the Islands,…
HUD: Disaster Aid Offered to New Hampshire Storm and Flood Victims
Federal aid supports state, tribal and local recovery for April 2024 New Hampshire Storms and Flooding. The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of New Hampshire and ordered Federal aid to supplement state, tribal, and local recovery efforts in the areas affected by…
FHFA: FHA Announces Multifamily Tenant Protections for Properties Financed by Fannie Mae and Freddie Mac
Tenant protections will be included in new multifamily loan agreements beginning in February 2025 The Federal Housing Finance Agency (FHFA) today announced a set of required tenant protections for multifamily properties financed by Fannie Mae and Freddie Mac (the Enterprises). This announcement results from FHFA’s extensive and ongoing engagement with market participants and key stakeholders…
Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies
Federal bank regulatory agencies today released the 2024 list of distressed or underserved nonmetropolitan middle-income geographies where certain bank activities are eligible for Community Reinvestment Act (CRA) credit. Under the CRA, the agencies assess a bank’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with safe and…
FEMA: President Biden Approves Major Disaster Declaration for New Hampshire
FEMA announced that federal disaster assistance is available to the state of New Hampshire to supplement recovery efforts in the areas affected by the severe winter storm and flooding from April 3-5, 2024. Federal funding is available to the state, eligible local governments and certain private nonprofit organizations on a cost-sharing basis in Belknap, Carroll,…
Census Bureau: Household Pulse Survey Phase 4.1 Monthly Data Released
The U.S. Census Bureau today released new data from Phase 4.1 of the experimental Household Pulse Survey (HPS). The HPS is an effort by the Census Bureau and other federal statistical agencies to measure how emergent issues are impacting U.S. households from a social and economic perspective. Topics for Phase 4.1 include employment status, spending, food security, housing,…
FFIEC: 2023 HMDA Data on Mortgage Lending Published
The Federal Financial Institutions Examination Council (FFIEC) today published data on 2023 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 5,113 U.S. financial institutions, including banks, savings associations, credit unions, and mortgage companies. The HMDA data are the most comprehensive source of publicly available information on mortgage market activity. The data…
HUD: New Communities Accepted to Participate in the ConnectHomeUSA Initiative and Bridge the Digital Divide for HUD-Assisted Families
ConnectHomeUSA will support HUD-assisted communities by addressing the three key aspects of digital inclusion: providing affordable internet access, offering free/affordable devices, and delivering digital skills training. The U.S. Department of Housing and Urban Development (HUD) announces 97 communities that have been selected to participate in the ConnectHomeUSA (CHUSA) initiative, bringing training and technical assistance to…