HUD: Disaster Assistance Announced for California Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for areas in the State of California affected by the Caldor Fire beginning on August 14, 2021, and continuing. On September 12, President Biden issued a major disaster declaration for California due to the Caldor Fire. The President’s declaration allows…
HUD: Disaster Assistance Announced for Arizona Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for areas in the State of Arizona affected by severe storms and flooding from July 22 to July 24, 2021. On September 13, President Biden issued a major disaster declaration for the following counties: Apache, Coconino, and Navajo. The President’s declaration…
HUD: Access Opened to $5 Billion in American Rescue Plan Grants to Prevent and End Homelessness
The U.S. Department of Housing and Urban Development today issued the HOME-ARP Implementing CPD Notice, Requirements for the Use of Funds in the HOME-American Rescue Plan Program (“the Notice”). The new HOME-ARP notice is a critical step taken by HUD to expeditiously allow communities to begin accessing funds from the nearly $5 billion funds allocated from the…
FHFA: Notice of Proposed Rulemaking Issued to Amend the Enterprise Regulatory Capital Framework
Today, the Federal Housing Finance Agency (FHFA) announced that it is seeking comment on a notice of proposed rulemaking that would amend the Enterprise Regulatory Capital Framework (ERCF) for Fannie Mae and Freddie Mac (the Enterprises). The proposed amendments would refine the prescribed leverage buffer amount (PLBA) and the capital treatment of credit risk transfers…
CDFI Fund: Public Comments Sought on CDFI Bond Guarantee Program Materials
The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Pub. L. No. 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently,…
CDFI Fund: Virtual Public Meeting of the CDFI Fund’s Advisory Board Will Be Held on September 30th
In light of the recent White House announcement naming private-sector members of the Community Development Advisory Board (Advisory Board), the Community Development Financial Institutions Fund (CDFI Fund) is convening a meeting of the the Advisory Board from 3:30 to 5:00 p.m. Eastern Daylight Time on Thursday, September 30, 2021. This meeting will be conducted virtually. The function…
FEMA: President Biden Approves Emergency Declaration for Louisiana
FEMA announced that federal emergency aid has been made available to the state of Louisiana to supplement state, tribal and local response efforts to the emergency conditions in the areas affected by Tropical Storm Nicholas, beginning on Sept. 12, 2021 and continuing. The President’s action authorizes FEMA to coordinate all disaster relief efforts, which have the purpose of alleviating the hardship and suffering caused by the…
HUD: $51 Million Announced in Funding Opportunities for Housing Counseling Agencies
Notice published today allows HUD-approved housing counseling agencies and intermediaries to apply for funding to maintain and expand critical services for the nation’s renters, homebuyers, and homeowners. The U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling announced on Tuesday it is making $51 million in grants available through a Notice of Funding…
FHFA: Certain Portions of the 2021 Preferred Stock Purchase Agreements Suspended
Today, the Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury (Treasury) suspended certain provisions added to the Preferred Stock Purchase Agreements (PSPAs) with Fannie Mae and Freddie Mac (the Enterprises) on January 14, 2021. “This suspension will provide FHFA time to review the extent to which these requirements are redundant or…
FEMA: President Biden Approves Major Disaster Declaration for California
FEMA announced that federal disaster assistance has been made available to the state of California to supplement state and local recovery efforts in the areas affected by wildfires from Aug. 14 and continuing. Federal funding is available to the state, eligible local and tribal governments and certain private nonprofit organizations on a cost-sharing basis for…