FEMA: President Trump Approves Major Disaster Declaration for Maine
The Federal Emergency Management Agency (FEMA) announced today that federal disaster assistance has been made available to the state of Maine to supplement state, tribal, and local recovery efforts in the areas affected by severe storms and flooding from March 2 to March 8, 2018. Federal funding is available to the state, tribal, and eligible…
FHFA: Index Shows Mortgage Rates Increased in April 2018
Nationally, interest rates on conventional purchase-money mortgages increased from March to April, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.51 percent for loans closed in late April, up 2 basis points from 4.49 percent in March….
CDFI Fund: 2018 NMTC Program Electronic Application Now Available in AMIS
The electronic application for the calendar year (CY) 2018 round of the New Markets Tax Credit Program (NMTC Program) is now available in the Community Development Financial Institutions Fund’s (CDFI Fund) Awards Management Information System (AMIS). The CDFI Fund published the Notice of Allocation Availability (NOAA) for the CY 2018 round in the Federal Register…
CDFI Fund: Public Comment Request for CDFI Program and NACA Program Disability Funds Financial Assistance Application
The 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, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the Community…
FEMA: President Trump Extends Puerto Rico Disaster Declaration
FEMA announced today that additional disaster assistance is available to the Commonwealth of Puerto Rico. This assistance allows for additional funding at a 100 percent federal cost share for limited emergency protective measures, which is retroactive to Friday, May 18. Today’s action includes a 90-day extension for emergency power restoration, and a 120-day extension for…
FHFA: U.S. House Prices Rise 1.7 Percent in First Quarter 2018
Monthly Index Shows 0.1 Percent Increase in March U.S. house prices rose 1.7 percent in the first quarter of 2018 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 6.9 percent from the first quarter of 2017 to the first quarter of 2018. FHFA’s seasonally adjusted monthly index for…
CDFI Fund: Application Demand Released for FY 2018 CDFI Program and NACA Program
The fiscal year (FY) 2018 application round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) closed on April 4, 2018. The Community Development Financial Institutions Fund (CDFI Fund) received 538 applications from 485 organizations across the country requesting a total of $504.5 million. Specifically1: 432 organizations…
FEMA: U.S. Virgin Island Disaster Survivors Eligible for Additional Federal Disaster Assistance
The Virgin Islands Territorial Emergency Management Agency and the Federal Emergency Management Agency (FEMA) announced today that additional disaster assistance is available to the U.S. Virgin Islands. The assistance allows for additional federal funding for debris removal, emergency protective measures, hazard mitigation and permanent infrastructure restoration as a result of Hurricanes Irma and Maria. This…
HUD: Senate Confirms Brian Montgomery to Lead Federal Housing Administration
By a vote of 74-23, the U.S. Senate today confirmed President Donald J. Trump’s nomination of Brian D. Montgomery to serve as Assistant Secretary of Housing at the U.S. Department of Housing and Urban Development (HUD) and Commissioner of the Federal Housing Administration (FHA). Montgomery’s confirmation marks his second term as Assistant Secretary for Housing…