HUD: $10 Million in “Sweat Equity” Grants Announced

Grants help hundreds of families work alongside non-profits to build their homes and achieve homeownership The U.S. Department of Housing and Urban Development (HUD) today awarded $10 million in “sweat equity” grants to four non-profit self-help housing organizations which will create at least 536 affordable homes for hard-working, low-income families […]

HUD: Secretary Carson Hosts Discussion on Federal Government’s Response to Homelessness

 U.S. Housing and Urban Development Secretary Ben Carson today held a roundtable in Austin, Texas, on the federal response to homelessness. Secretary Carson was joined by U.S. Interagency Council on Homelessness (USICH) Executive Director Dr. Robert Marbut and U.S. Representative Chip Roy (TX-21) for a discussion with local homelessness providers, […]

ABA: Seven Banks Win ABA Foundation’s 2020 Community Commitment Awards

The American Bankers Association Foundation named seven banks as 2020 Community Commitment Award winners. The annual awards recognize banks for extraordinary corporate social responsibility efforts in seven specific categories ranging from affordable housing to economic inclusion. The winners will be recognized today at ABA’s Unconventional Convention. “This has been a challenging year […]

HUD: $4 Million Awarded to Help Low-Income Veterans Rehabilitate Their Homes

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announced $3.9 million in funding through the Veterans Housing Rehabilitation and Modification Pilot Program (VHRMP) to help make homes more accessible for disabled veterans. Through the VHRMP program, grantees will make necessary physical modifications […]

HUD: “Mustard Seed Series” Virtual Workshops Launched for Faith Leaders and Congregations

Events will feature testimonies from faith leaders who have launched housing initiatives for homeless neighbors U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today launched a series of virtual workshops for faith congregations entitled, “The Mustard Seed Series”. The virtual events will feature faith organizations that have […]

CFPB: New Category of Qualified Mortgages Proposed to Encourage Innovation and Access to Affrodable Mortgage Credit

The Consumer Financial Protection Bureau (Bureau) issued today a notice of proposed rulemaking (NPRM) to create a new category of seasoned qualified mortgages (Seasoned QMs) in order to encourage innovation and help ensure access to responsible, affordable in the mortgage credit market. To be considered a Seasoned QM under the […]

HUD: Over $74 Million in Grants Awarded to Support Affordable Rental Housing for Extremely Low-Income Persons with Disabilities

The U.S. Department of Housing and Urban Development today announced the award of over $74 million in grants to 12 state housing finance agencies to support affordable rental housing for extremely low-income persons with disabilities. The awards will support up to five years of rental assistance for approximately 2,400 units […]