FEMA: Disaster Assistance Approved for McKenzie County, ND
FEMA has approved disaster assistance for McKenzie County. The county was added to the disaster declaration approved by President Biden on Sept. 1 making aid available to eight counties for severe storms and flooding occurring from June 7-11, 2021. FEMA’s Public Assistance program provides aid to state, tribal and local governments as well as certain…
Census Bureau: New Community Resilience Data Equity Estimates Released
The U.S. Census Bureau today released the CRE for Equity data tool. In an easy-to-use dashboard, this new tool pulls together existing data to measure social vulnerability and equity gaps at the community level while providing context about the varying needs of different communities. To measure these concepts, in the summer of 2020, the Census Bureau launched…
FHFA: House Price Index Up 1.4 Percent in July 2021; Up 19.2 Percent from Last Year
House prices rose nationwide in July, up 1.4 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 19.2 percent from July 2020 to July 2021. The previously reported 1.6 percent price change for June 2021 was revised upward to 1.7 percent. For the nine census divisions, seasonally adjusted…
OCC: Report Shows Improvement in Mortgage Performance in Second Quarter 2021
The Office of the Comptroller of the Currency (OCC) reported that the performance of first-lien mortgages in the federal banking system improved during the second quarter of 2021. The OCC Mortgage Metrics Report, Second Quarter 2021 showed that 95.0 percent of mortgages included in the report were current and performing at the end of the second quarter…
HUD: Federal Housing Administration Adds Additional COVID-19 Forberance Relief Options
Actions today are a response to the continued impacts of the pandemic on individuals and families across the country. The Federal Housing Administration (FHA) announced today new and extended COVID-19 relief options for borrowers recently or newly struggling to make their mortgage payments because of the pandemic and for senior homeowners with Home Equity Conversion Mortgages (HECMs)…
HUD: New Members Appointed to the Housing Counseling Federal Advisory Committee and Future Expansion Announced
The U.S. Department of Housing and Urban Development (HUD) on Friday announced the appointment of six new members to its Housing Counseling Federal Advisory Committee, and the re-appointment of two current members of the Committee. In addition, HUD is announcing today that it intends to expand the Committee in the future from eight members back…
HUD and Census Bureau: New Residential Sales Report for August 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 August 2021: New Home Sales Sales of new single-family houses in August 2021 were at a seasonally adjusted annual rate of 740,000. This is 1.5 percent (±15.1 percent)* above the revised July…
SBA: New Shuttered Venue Operators Grant Supplemental Awards Begun
Program has delivered over $10 billion in economic relief to 12,000 venues across the nation Today, U.S. Small Business Administration (SBA) Administrator Isabella Casillas Guzman announced the SBA began supplemental award notifications to eligible applicants this week, through the Shuttered Venue Operators Grant (SVOG) program. Thus far, the SBA has awarded over $10 billion in economic relief to nearly 12,000 venues, providing…
FHFA: Availability of COVID-19 Multifamily Forebearance Extended
Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will continue to offer COVID-19 forbearance to qualifying multifamily property owners as needed, subject to the continued tenant protections FHFA has imposed during the pandemic. This is the fourth extension of the programs, which were set to expire September…
EDA: Grantees Under 2021 University Center Competition Announced
25 Colleges and Universities in EDA’s Chicago and Philadelphia Regions to Host EDA University Center Economic Development Technical Assistance Programs U.S. Secretary of Commerce Gina Raimondo today announced the grantees of the U.S. Economic Development Administration’s (EDA) 2021 University Center Economic Development Program Competition. EDA is providing a total of $2.5 million in grants to…