CFPB, FHFA & HUD Launch Joint Mortgage and Housing Assistance Website for Americans Impacted by COVID-19
To ensure homeowners and renters have the most up to date and accurate housing assistance information during the COVID-19 national emergency, today the Consumer Financial Protection Bureau (CFPB), Federal Housing Finance Agency (FHFA), and the Department of Housing and Urban Development (HUD) launched the new mortgage and housing assistance website https://www.cfpb.gov/housing. CFPB, FHFA and HUD are…
HUD: Third Wave of CAREs Act Funding Provides $1 Billion for Communities
Third wave of relief funding targeted for states and insular areas The U.S. Department of Housing and Urban Development Secretary Ben Carson today announced the allocation of a third wave in CARES Act coronavirus relief funding. This wave totaling $1 billion is through the Community Development Block Grant (CDBG) program. To date, HUD has provided over $3…
HUD: More Than $12 Million Awarded to Help Public Housing Authority Tenants to Relocate
Today, U.S. Department of Housing and Urban Development (HUD) awarded $12,841,788 to seven Public Housing Authorities to provide tenant protection vouchers to Public Housing (Low-Rent) Program assisted residents. These vouchers will help households with relocation or replacement housing when their Public Housing units are slated under a HUD-approved plan for demolition and disposition actions or…
HUD: Flexibility of Funds Increased and Expanded for Public Housing Authorities to Fight COVID-19
Funds for sanitation, transportation to health units and testing, childcare, food, and medical supplies U.S. Department of Housing and Urban Development Secretary Ben Carson today announced the allocation of $380 million in supplemental administrative fee funding to all Public Housing Authorities (PHA), including Moving to Work (MTW) PHAs. The two months of additional funding may…
HUD: Pandemic Underscores Need for HUD’s Foster Youth Housing Program; Department Allocates New Funding to Six States
Foster Youth to Independence Initiative has now issued over $1.1 million in funding U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced $100,000 in the latest installation of grants for HUD’s new Foster Youth to Independence (FYI) Initiative. Six housing authorities will receive this funding, continuing HUD’s efforts to assist young adults…
HUD: Second Wave of Relief Funds, Over Half a Billion Dollars, Allocated to Protect Low-Income Americans
Funds can be used for personal protective equipment, childcare costs, travel costs to receive testing, among other actions U.S. Department of Housing and Urban Development Secretary Ben Carson today announced his Department will allocate $685 million in COVID-19 relief funding to help low-income Americans residing in public housing. The funding, made available by the CARES Act legislation…
HUD: $130 Million Awarded to Revitalize Four Neighborhoods
Federal investments expected to attract more than a $1.5 billion in additional funding for neighborhood reinvestment Today, the U.S. Department of Housing and Urban Development (HUD) announced four communities across the country will receive a combined $130 million to redevelop severely distressed public housing and to revitalize surrounding neighborhoods. Provided through HUD’s Choice Neighborhoods Initiative,…
HUD: $1.5 Million in Funding Awarded to Support COVID-19 Related Fair Housing Activities
The U.S. Department of Housing and Urban Development (HUD) today announced it is awarding $1.5 million in Partnership and Special Enforcement Effort funds to HUD Fair Housing Assistance Program (FHAP) agencies to support COVID-19 education activities. The funds are being provided through the Coronavirus Aid, Relief, and Economic Security Act (CARES) of 2020, which President Trump…
HUD: New CAREs Act Multifamily Mortgage Payment Relief Implemented to Maintain and Preserve Affordable Rental Housing
Multifamily borrowers can request up to 90 days of mortgage payment forbearance from their servicer Today, the U.S. Department of Housing and Urban Development (HUD) announced it is issuing new mortgage payment relief guidance under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) for borrowers with multifamily mortgages insured by the Federal Housing…
HUD: $16 Million Awarded to Public Housing Authorities to Help Tenants Relocate
Today, U.S. Department of Housing and Urban Development (HUD) awarded $16 million to Public Housing Authorities to provide tenant protection vouchers to Public Housing (Low-Rent) Program assisted residents. These vouchers will help households with relocation or replacement housing when their Public Housing units are slated under a HUD-approved plan for demolition and disposition actions or…