HUD: Over Two Dozen Waivers Granted to Speed Hurricane Recovery
HUD cuts red tape to offer flexibility to state and local partners The U.S. Department of Housing and Urban Development (HUD) today announced a package of 27 regulatory and administrative waivers aimed at helping communities to accelerate their recovery from Hurricane Ida. Today’s announcement represents one of the largest collections of regulatory and administrative waivers…
HUD: Cross-Agency Efforts Announced to Increase Affordable Housing Supply
Federal Finance Bank Risk-Sharing Program, Guidance for Affordable Housing Funding, Zoning Research Among HUD Actions in Administration-wide Agenda FACT SHEET: Biden-Harris Administration Announces Immediate Steps to Increase Affordable Housing Supply WASHINGTON – The Department of Housing and Urban Development (HUD) on Wednesday announced a series of actions it is taking as part of the Biden-Harris Administration’s…
HUD: $2.7 Billion Funding Opportunity Announced to Help People Experiencing Homelessness
The U.S. Department of Housing and Urban Development (HUD) is making $2.656 billion in FY 2021 Continuum of Care Program (CoC) competitive funding available to homeless services organizations across the country for supportive services and housing programs for people experiencing homelessness. Read HUD’s Notice of Funding Opportunity (NOFO). “The safety of a stable home is essential…
HUD: $30 Million Awarded to Help Low-Income Elderly Homeowners Age in Place
The U.S. Department of Housing and Urban Development (HUD) today awarded $30 million to 32 nonprofit organizations, state and local governments, and public housing authorities to assist in undertaking comprehensive programs that make safety and functional home modifications and limited repairs to meet the needs of low-income elderly homeowners that allow them to age in…
HUD: More than $27 Million Awarded to Local HIV/AIDS Housing Programs
Funding offers stable housing for individuals and families at risk of homelessness The U.S. Department of Housing and Urban Development (HUD) today announced more than $27 million to assist thousands of low-income persons living with HIV/AIDS and their families over a three-year period. The funding announced today is offered through HUD’s Housing Opportunities for Persons with…
HUD: $1.1 Billion in American Rescue Plan Funds Awarded for Emergency Housing Vouchers
U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge today announced the awarding of the first tranche of American Rescue Plan funds for Emergency Housing Vouchers (EHVs) for individuals and families who are experiencing homelessness or at risk of homelessness. Specifically, HUD is awarding $1.1 billion – 70,000 vouchers – for 626…
HUD: Affirmatively Furthering Fair Housing Requirement Restored
U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge announced that HUD published an interim final rule on Thursday to restore the implementation of the Fair Housing Act’s Affirmatively Furthering Fair Housing (AFFH) requirement. The publication provides a robust definition of the duty to affirmatively further fair housing, to which many HUD grantees must…
CFPB: New Report Finds that Manufactured Housing Loan Borrowers Face Higher Interest Rates, Risks and Barriers to Credit
Consumers tend to be rural and lower income, and those who do not own the underlying land have the greatest challenges Today the Consumer Financial Protection Bureau (CFPB) published a report that provides new insights into manufactured housing financing, a vital source of lending for millions of manufactured housing homeowners. Manufactured housing is a small…
FHFA: Fannie Mae’s and Freddie Mac’s Proposed Duty to Serve Underserved Markets Plans for 2022-2024 Announced
The Federal Housing Finance Agency (FHFA) today published the proposed 2022-2024 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) program. The proposed Plans cover the period from January 1, 2022 to December 31, 2024. FHFA issued a final rule in 2016 that implemented the DTS provisions as…
ABA: Banks Encouraged to Submit Nominations for Annual ABA Foundation Community Commitment Awards
The ABA Foundation is seeking submissions for its ninth annual Community Commitment Awards. The awards, one of the industry’s highest honors for extraordinary bank commitment to communities, recognizes innovative, high-impact programs that improve the quality of life for customers and communities banks serve. The entry period ends July 1. “Over the last year, America’s banks worked…