HUD: $40 Million Made Available to Prevent Evictions and Prevent Homelessness
The funding will provide legal assistance at no cost to low-income tenants. The U.S. Department of Housing and Urban Development (HUD) announced the availability of $40 million in grant funds for eligible non-profit or governmental entities to provide no cost legal assistance to low-income tenants at risk of or subject to eviction from their homes….
FHFA: Release of Historical VantageScore 4.0 Credit Scores Announced by the Enterprises
The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) are making historical VantageScore® 4.0 credit scores available to approved users to support the transition to updated credit score and credit report requirements. The historical credit scores for each Enterprise are associated with single-family loans purchased by that Enterprise from April 2013 through March 2023. This comprehensive release reflects the period for which trended consumer credit data is reliably available across the three nationwide…
CFPB: FFIEC Publishes 2023 Data on Mortgage Lending
The Federal Financial Institutions Examination Council (FFIEC) today published data on 2023 mortgage lending transactions reported under the Home Mortgage Disclosure Act (HMDA) by 5,113 U.S. financial institutions, including banks, savings associations, credit unions, and mortgage companies. The HMDA data are the most comprehensive source of publicly available information on mortgage market activity. The data…
FEMA: President Biden Approves Major Disaster Declaration for Texas
FEMA announced that federal disaster assistance is available to the state of Texas to supplement recovery efforts in the areas affected by Hurricane Beryl from July 5-9, 2024. Federal funding is available to the state, tribal and eligible local governments and certain private nonprofit organizations on a cost-sharing basis in Anderson, Angelina, Aransas, Austin, Bowie,…
HUD: Over $30 Million Awarded to Connect Public Housing Residents to Employment and Education to Help Bridge the Wealth Gap
Awards will go to Public Housing Agencies and will help increase economic mobility to families across the country. The U.S. Department of Housing and Urban Development (HUD) today awarded over $30 million to 14 Public Housing Agencies (PHAs) in 12 states to help families increase their earned income and improve their economic mobility through the…
CFPB: New Rule Proposed to Help Homeowners Avoid Foreclosure
Proposed rules would require servicers to help homeowners before foreclosing, give servicers more flexibility by reducing paperwork requirements, and improve communication with homeowners The Consumer Financial Protection Bureau (CFPB) today proposed new rules to make it easier for homeowners to get help when they are struggling to pay their mortgage. The proposal, if finalized, would…
HUD & FEMA: Agencies Partner to Enhance State Planning for Housing Recovery and to Build Resilience
Today, FEMA, in partnership with the U.S. Department of Housing and Urban Development (HUD), published the Pre-Disaster Housing Planning Initiative Report to promote collaborative approaches to disaster housing recovery challenges and to bolster state planning for housing recovery before disasters occur. “I’ve traveled throughout the country to witness the aftermath of natural disasters and the devastating…
HUD: FHA Program Expanded to Help Homeowners Repair Homes
The newly updated Federal Housing Administration Program will assist families looking for affordable financing to repair, purchase, or rehabilitate single-family homes. Today, the U.S. Department of Housing and Urban Development, through its Federal Housing Administration (FHA), published a newly updated set of policies for its 203(k) Rehabilitation Mortgage Insurance Program. The changes announced today will modernize…
EDA: $4 Million Invested to Establish Workforce Development Training Facility in Southern Arizona
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $4 million grant to the Pascua Yaqui Development Corporation, in Tucson, Arizona, to support workforce development at the Pascua Yaqui Reservation and surrounding community. This grant will support construction of a 3,200-square-foot workforce development facility and the acquisition…
EDA: $2.4 Million Invested to Utility Upgrades to Support Business Growth in Granite Falls, MN
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $2.4 million grant to the city of Granite Falls, Minnesota, for electrical grid upgrades in support of local businesses. This grant will provide an updated utility infrastructure, providing businesses with reliable service during future natural disasters. This EDA…