HUD: New Rule Proposed to Govern the Sale of FHA Mortgage Notes
Proposed rule to establish a permanent Single Family Sale Program, including exclusive first look opportunities for prospective homeowners Today, the U.S. Department of Housing and Urban Development (HUD) is proposing a new rule to govern the sale of seriously delinquent single family mortgage loans insured by the Federal Housing Administration (FHA). These rules will help expand available…
EDA: $1.9 Million Invested to Support Sustainable Manufacturing in Red Devil, Alaska’s Tribal Communities
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $1.9 million grant to TKC Fish Wheel in Anchorage, Alaska, to support the establishment of a sustainable manufacturing enterprise for the Middle Kuskokwim Tribes. This grant will support construction of a 9,288-square-foot sawmill in Red Devil, Alaska, that…
HUD: $325 Million Invested in Housing and Community Development Improvements
President Biden and HUD Acting Secretary Todman announced the Choice Neighborhoods awards to build new homes and spur economic development. Today, President Joe Biden and HUD Acting Secretary Adrianne Todman announced that the Biden-Harris Administration is awarding $325 million in Choice Neighborhoods Implementation Grant funding to seven communities to build more homes and revitalize neighborhoods…
FEMA: President Biden Approves Major Disaster Declaration for Kansas
FEMA announced that federal disaster assistance is available to the state of Kansas to supplement recovery efforts in the areas affected by the severe storms, straight-line winds, tornadoes and flooding from April 25-30, 2024. Public assistance federal funding is available to the state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing…
HUD: $100 Million Provided to the U.S. Virgin Islands for Electrical System Infrastructure Improvements
The funding will enhance power reliability on the U.S. Virgin Islands. This week, the U.S. Department of Housing and Urban Development (HUD) announced the release of $100 million in Community Development Block Grant – Mitigation funds to the U.S. Virgin Islands. The funds are available for the purchase of fuel storage infrastructure benefitting the Islands,…
HUD: Disaster Aid Offered to New Hampshire Storm and Flood Victims
Federal aid supports state, tribal and local recovery for April 2024 New Hampshire Storms and Flooding. The U.S. Department of Housing and Urban Development (HUD) announced the implementation of federal disaster assistance for the state of New Hampshire and ordered Federal aid to supplement state, tribal, and local recovery efforts in the areas affected by…
FHFA: FHA Announces Multifamily Tenant Protections for Properties Financed by Fannie Mae and Freddie Mac
Tenant protections will be included in new multifamily loan agreements beginning in February 2025 The Federal Housing Finance Agency (FHFA) today announced a set of required tenant protections for multifamily properties financed by Fannie Mae and Freddie Mac (the Enterprises). This announcement results from FHFA’s extensive and ongoing engagement with market participants and key stakeholders…
Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies
Federal bank regulatory agencies today released the 2024 list of distressed or underserved nonmetropolitan middle-income geographies where certain bank activities are eligible for Community Reinvestment Act (CRA) credit. Under the CRA, the agencies assess a bank’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with safe and…
FEMA: President Biden Approves Major Disaster Declaration for New Hampshire
FEMA announced that federal disaster assistance is available to the state of New Hampshire to supplement recovery efforts in the areas affected by the severe winter storm and flooding from April 3-5, 2024. Federal funding is available to the state, eligible local governments and certain private nonprofit organizations on a cost-sharing basis in Belknap, Carroll,…
Census Bureau: Household Pulse Survey Phase 4.1 Monthly Data Released
The U.S. Census Bureau today released new data from Phase 4.1 of the experimental Household Pulse Survey (HPS). The HPS is an effort by the Census Bureau and other federal statistical agencies to measure how emergent issues are impacting U.S. households from a social and economic perspective. Topics for Phase 4.1 include employment status, spending, food security, housing,…