FHFA: House Price Index Up 0.9 Percent in February 2021; Up 12.2 Percent from Last Year
House prices rose nationwide in February, up 0.9 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 12.2 percent from February 2020 to February 2021. The previously reported 1.0 percent price change for January 2021 remained unchanged. For the nine census divisions, seasonally adjusted monthly…
CFPB: Mandatory Compliance Date for General Qualified Mortgage Final Rule Delayed
Today the Consumer Financial Protection Bureau (CFPB) formally delayed the mandatory compliance date of the General Qualified Mortgage (QM) final rule from July 1, 2021 to October 1, 2022. The CFPB is taking this action to help ensure access to responsible, affordable mortgage credit, and preserve flexibility for consumers affected by the COVID-19 pandemic and…
FEMA: President Biden Approves Major Disaster Declaration for Alabama
FEMA announced that federal disaster assistance has been made available to the state of Alabama to supplement state and local recovery efforts in the areas affected by severe storms, straight-line winds and tornadoes from March 25-26, 2021. The President’s action makes federal funding available to affected individuals in Bibb, Calhoun, Clay, Hale, Jefferson, Perry, Randolph…
Census Bureau: Quality Indicators on 2020 Census Released
Today the U.S. Census Bureau released information about the quality of the 2020 Census from two methods: (1) analyses that compare the first census results to other ways of measuring the population, and (2) metrics that provide insight into the census operations. The Census Bureau accelerated plans for releasing this information because of increased interest…
HUD and Census Bureau: New Residential Sales Report for March 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 March 2021: New Home Sales Sales of new single-family houses in March 2021 were at a seasonally adjusted annual rate of 1,021,000. This is 20.7 percent (±23.7 percent)* below the revised February…
FEMA: President Biden Approves Major Disaster Declaration for Kentucky
FEMA announced that federal disaster assistance has been made available to the state of Kentucky to supplement state and local recovery efforts in the areas affected by severe storms, flooding, landslides and mudslides from Feb. 27 through March 14. The President’s action makes federal funding available to affected individuals Breathitt, Clay, Estill, Floyd, Johnson, Lee,…
HUD: Multifamily Housing Inspections to Resume in June
On Friday, U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge announced that HUD will substantially increase housing inspections, beginning on June 1, 2021. HUD’s inspections are instrumental in identifying unsafe conditions and supporting HUD’s work with housing providers to mitigate them. Thirteen months ago, in response to the COVID-19 pandemic and…
SBA: Shuttered Venue Operators Grants Reopened for Applications on April 24th at 12:30 p.m. EDT
Applicants can register today; updated documents now available The U.S. Small Business Administration will reopen the Shuttered Venue Operators Grant application portal tomorrow, April 24, 2021, at 12:30 p.m. EDT for operators of live venues, live performing arts organizations, museums and movie theatres, as well as live venue promoters, theatrical producers and talent representatives to apply for…
SBA: Supplemental Targeted Advance Launched for Small Businesses Hardest Hit by COVID-19
The U.S. Small Business Administration launched a new round of Economic Injury Disaster Loan (EIDL) assistance – called Supplemental Targeted Advances – on April 22, 2021 that will provide $5 billion in additional assistance to 1 million small businesses and nonprofit organizations that have been most severely affected by the economic effects of the COVID-19 pandemic. The…
FEMA: President Biden Approves Major Disaster Declaration for Tennessee
FEMA announced today that federal disaster assistance has been made available to the state of Tennessee to supplement state, tribal and local recovery efforts in the areas affected by severe winter storms from Feb. 11-19, 2021. Federal funding is available to state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing…