FHFA: 2021 Housing Goals for Fannie Mae and Freddie Mac Proposed
Today, the Federal Housing Finance Agency (FHFA) proposed its 2021 housing goals for Fannie Mae and Freddie Mac (the Enterprises). Due to the economic uncertainty related to the COVID-19 national pandemic, FHFA is proposing benchmarks for calendar year 2021 only, and those levels will remain the same as they were for 2018-2020. Once finalized, the…
HUD: Nearly $1 Million in CARES Act Funding Awarded to 19 State and Local Fair Housing Organizations
The Department of Housing and Urban Development announced today that it is awarding $962,160 in funding to HUD Fair Housing Assistance Program (FHAP) agencies in New York, Louisiana, Rhode Island, Iowa, Pennsylvania, Massachusetts, California, Texas, Indiana, Florida, Nebraska, Hawaii, South Carolina, Maryland, Michigan, Connecticut, and New Jersey to support activities related to COVID-19. The awards…
HUD: Secretary Carson Announces New Foster Youth Housing Vouchers for Nine States
23 Vouchers Awarded to 9 States U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced nearly $200,000 in the most recent round of grants for HUD’s Foster Youth to Independence (FYI) Initiative. Nine housing authorities will receive this funding continuing HUD’s efforts to assist young adults transitioning out of foster care….
HUD: More than $35 Million Awarded to 31 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 $35.8 million to assist more than 2,856 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…
HUD: Celebrating National Homeownership Month 2020
President Trump issues Proclamation establishing June as National Homeownership Month This week, the U.S. Department of Housing and Urban Development (HUD) marks the beginning of Homeownership Month 2020 – a time of year when HUD, the Federal Housing Administration (FHA) and others recognize the importance of homeownership and its impact upon the lives of American…
Federal Reserve: Announcing the Puerto Rico Nonprofit Leadership Development Initiative
The Puerto Rico Nonprofit Capacity Building Network, a collaboration among Enterprise Community Partners (Enterprise), NeighborWorks America (NeighborWorks) and Fundación Comunitaria de Puerto Rico (FCPR), today announced the six Puerto Rico nonprofits selected for the inaugural cohort of the Puerto Rico Leadership Development Initiative. The six nonprofits, representing all major regions across the island, will each receive a $35,000 grant, technical assistance, one-to-one staff mentoring, peer learning…
HUD: Nearly $120 Million Awarded to Tribes Across the Nation for Economic and Housing Development
111 projects will support economic and housing development for Native American Families This week, the U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced nearly $120 million in Indian Community Development Block Grant (ICDBG) awards to Tribes across the Nation. The ICDBG program provides funding to use in developing American Indian and Alaska Native…
HUD and Census Bureau: Findings of Rental Housing Finance Survey Released
Survey Finds Nearly Half of Rental Units are in Rental Properties with Four or Fewer Units Of the 48.2 million rental housing units, nearly 49 percent are located in rental properties of one to four units, according to the latest Rental Housing Finance Survey (RHFS) data released today by the U.S. Department of Housing and Urban Development…
FHFA: Final Rule Published on the FHLBank’s Housing Goals
Rule provides greater availability of mortgage financing for underserved borrowers To help underserved borrowers, the Federal Housing Finance Agency (FHFA) today sent to the Federal Register for publication a final rule on the Federal Home Loan Banks’ (FHLBanks) Housing Goals. The new goals take effect in 2021 and enforcement of the rule will be phased…
ABA: Foundation Highlights Housing Relief Resources in Recognition of American Housing Month
In the wake of the COVID-19 pandemic, millions of Americans have found themselves facing financial hardship and struggling to make monthly housing payments. While relief options are available to homeowners and renters alike, it can be difficult to know where to look for information. To help consumers navigate this challenging situation, and in recognition of…