HUD: $15 Million Loan Guarantee Announced for Cleveland, OH Affordable Housing Rehabilitation Project

Today, the U.S. Department of Housing and Urban Development (HUD) announced a $15 million loan guarantee to the City of Cleveland, Ohio. The loan guarantee, offered through the Section 108 Loan Guarantee Program (Section 108), will be used to finance the construction of the Centennial Project in downtown Cleveland. Cleveland […]

HUD and Census Bureau: New Residential Sales Report for December 2022 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 2022: New Home SalesSales of new single‐family houses in December 2022 were at a seasonally adjusted annual rate of 616,000, according to estimates released jointly by […]

FRB: Federal Reserve Board Policy Statement Issued to Promote a Level Playing Field for All Banks with a Federal Supervisor Regardless of Deposit Insurance Status

The Federal Reserve Board on Friday issued a policy statement to promote a level playing field for all banks with a federal supervisor, regardless of deposit insurance status. The statement makes clear that uninsured and insured banks supervised by the Board will be subject to the same limitations on activities, […]

OCC: Earned Income Tax Credit Awareness Day Promoted

To make more eligible working families aware of the benefits of the Earned Income Tax Credit (EITC), the Office of the Comptroller of the Currency is promoting EITC Awareness Day on January 27. The EITC is a refundable federal income tax credit for low- to moderate-income households. “The Earned Income Tax Credit […]

FEMA: Nearly $422 Million Invested to Renovate Public Housing Complexes in Recovery from Hurricane Maria

The Federal Emergency Management Agency (FEMA) recently approved about $422 million to restore and renovate 37 residential properties belonging to the Public Housing Administration (PHA) due to damage caused by Hurricane María. These works will benefit over 5,400 families throughout the island. As part of the agency’s commitment to help […]

FEMA: Greene, Sumter and Tallapoosa Counties Added to Alabama Major Disaster Declaration

Greene, Sumter and Tallapoosa counties are now eligible for FEMA assistance after the Jan. 12 severe storms, straight-line winds and tornadoes in Alabama. Individuals and households in Greene, Sumter and Tallapoosa counties can apply for FEMA Individual Assistance, which may include temporary housing assistance, basic home repairs and certain other uninsured disaster-related needs. These counties […]

HUD: Over $116 Million Announced to Public Housing Agencies for the Family Self Sufficiency Program

2022 Funding Helps HUD-Assisted Families Build Assets, Increase Stability The U.S. Department of Housing and Urban Development (HUD) today announced over $109 million to 682 Public Housing Agencies (PHAs)for the 2022 Renewal Family Self Sufficiency (FSS) Program and an additional $6 million to 32 PHAs and 38 Project Based Rental […]

HUD: Expanded Support Proposed for Housing Counseling Services Tailored to the Needs of Tribal Communities

Proposed rule seeks to expand Tribal participation in HUD-approved housing counseling by removing unique impediments to counselor certification. The U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling is announcing today that it published a proposed rule in the Federal Register outlining housing counselor certification requirements for housing counseling conducted in […]

HUD: Over 100,000 Families & Individuals Housed through “House America” Homelessness Initiative

Milestone surpasses goal set by HUD Secretary Marcia L. Fudge and achieved by organizing leaders from 105 communities across 31 states and territories and the District of Columbia U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge today announced that states, municipalities, and tribes who joined House […]

EDA: $4 Million Invested to Support Business Growth and Workforce Development in Coal-Impacted Communities in West Virginia

Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding $4 million in grants to support business growth and workforce development efforts in West Virginia communities impacted by a decline in the coal economy. The EDA investments announced today are: Preston County Public Service […]