HUD: First-Ever HUD-Held Single Family Note Sale Announced Exclusively for Mission-Driven Nonprofits and State or Local Governments

June 8 competitive bid sale of approximately 1,450 vacant property notes furthers Biden-Harris Administration objectives to return more properties to future owner-occupancy. The U.S. Department of Housing and Urban Development’s Office of Asset Sales announced on Tuesday that it will conduct a competitive bid HUD-held vacant note sale (HVLS 2022-2) […]

OCC: New Publication Focuses on Bank Partnerships in Community Reinvestment and Resilience

The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Developments Investments newsletter, “Partners in Recovery: Community Reinvestment and Resilience.” This edition of Community Developments Investments highlights how banks can collaborate with community development financial institutions, minority depository institutions, and other community-based groups to help rebuild communities […]

HUD: $5 Million Loan Guarantee Announced for St. Johns County for Construction of Multipurpose Community Center

Loan guarantee will provide financing for the construction and planning costs, site development, and construction of a multipurpose community center and library facility. The U.S. Department of Housing and Urban Development (HUD) today announced a $5,075,000 loan guarantee to St. Johns County, Florida to help finance the construction of the […]

CFPB: Agency to Examine Colleges’ In-House Lending Practices

CFPB Publishes Oversight Protocols for Institutional Student Lending Today, the Consumer Financial Protection Bureau (CFPB) announced it will begin examining the operations of post-secondary schools, such as for-profit colleges, that extend private loans directly to students. The CFPB is issuing an update to its exam procedures including a new section […]

HUD: FHA Real-Estate Owned Property Purchase Opportunities Expanded for Owner-Occupied Buyers

Expanded exclusive listing period increases priority purchase opportunities on HUD-owned single-family homes for owner-occupants, HUD-approved nonprofits, and governmental entities. The Federal Housing Administration (FHA) on Thursday announced it is increasing its exclusive listing period on certain HUD single-family real-estate owned (REO) homes to allow more time for owner occupants, HUD-approved nonprofit organizations, […]

HUD: Nonprofit Bidders Successfully Purchased More Than 800 Mortgage Notes through HUD-Held Vacant Loan Sale

Competitive bid sale provided priority bidding on 50 percent of mortgage notes in multi-loan pools by non-profit organizations and units of state and local government. The U.S. Department of Housing and Urban Development’s Office of Asset Sales announced on Thursday that 23 mission-driven non-profit organizations successfully participated – and 11 were […]

SBA: Hurricane Ida Assistance Has Exceeded $1 Billion

SBA Disaster Relief is Reaching Small Businesses, Homeowners, Renters, and Nonprofits Across Seven Impacted States U.S. Small Business Administration Administrator Isabella Casillas Guzman announced today that the agency has delivered more than $1 billion in disaster rescue funds to small businesses, homeowners, renters, and private nonprofit organizations recovering from damages caused […]

SBA: Hurricane Ida Assistance Tops $110 Million

SBA Disaster Relief is Reaching Small Businesses, Homeowners, Renters, and Nonprofits Across Impacted States Isabella Casillas Guzman, Administrator of the U.S. Small Business Administration (SBA) announced today that the agency has delivered more than $110 million in disaster rescue funds to small businesses, homeowners, renters, and nonprofit organizations recovering from damages caused […]

HUD: Upcoming HUD-Held Single Family Note Sale Emphasizes Nonprofit Participation

Competitive bid sale provides priority bidding to nonprofit organizations and units of state and local government. The U.S. Department of Housing and Urban Development’s Office of Asset Sales announced on Thursday that it will conduct a competitive bid HUD-held vacant note sale (HVLS 2022-1) on November 10, 2021. The sale will […]