HUD: $176.4 Million in Grant Funding Made Available for Construction and Ongoing Project-Based Rental Assistance for Low-Income Seniors

Section 202 Capital Advance and Ongoing Project Rental Assistance Notice of Funding Opportunity supports development of new, deeply affordable rental homes for very low-income seniors. The U.S. Department of Housing and Urban Development (HUD) today announced the availability of up to $174.6 million in grant funding opportunities through a Notice of […]

ABA: Seven Banks Win ABA Foundation’s 2022 Community Commitment Awards

The American Bankers Association Foundation named seven banks as 2022 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 at ABA’s Annual Convention in Austin, Texas on Oct. 4. The selection […]

ABA: Foundation Releases New Videos to Raise Awareness on Senior Scams

The American Bankers Association Foundation today released seven new videos designed to raise awareness of the top scams targeting older Americans as a part of its Safe Banking for Seniors campaign. The campaign, led by volunteers at banks nationwide, helps older customers, their families and caregivers understand and mitigate the risks of […]

CFPB: Agencies Take Action to Protect Caregivers and Families from Illegal Nursing Home Debt Collection Practices

New report, circular, and joint letter with CMS remind facilities and debt collectors of their responsibilities for nursing home admission and debt collection under multiple laws Today, the Consumer Financial Protection Bureau (CFPB) released an Issue Spotlight highlighting some of the difficulties and experiences heard from caregivers about being pursued over friends’ […]

HUD: $15 Million Announced to Help Older Americans Age in Place

U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge today announced that the Department is making available $15 million to help older Americans age in place through home modifications. The funding opportunity, made available through HUD’s Older Adult Home Modification Program (OAHMP), will assist experienced nonprofit organizations, state […]

HUD: Affordable Rental Housing Community for Seniors in North Seattle, WA Completed Under Section 202 Grant Award

More than $3 million in HUD funding supported new construction and expansion of 82 homes serving residents age 62+ at 50% of the area median income. The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing is announcing today the completion of construction of Northaven West, a […]

FEMA: New Resources Released to Help Local Communities Protect Older Adults Before, During and After Natural Disasters

As the United States enters peak hurricane season, FEMA and AARP have released new resources to help local officials and emergency managers protect older adults in their communities before, during and after natural disasters and support communities in mitigating the effects of extreme weather events. The “Guide to Expanding Mitigation: […]

HUD: Rental Assistance Demonstration Conversion Closed with Miami-Dade County Public Housing & Community Development

$34.5 million construction investment transaction to renovate senior community of 240 homes at Haley Sofge is part of a five-project redevelopment, preserving and developing 1,055 units of affordable rental homes The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing on June 30, 2022 closed a Rental […]

HUD: FHA Supports Affordable Housing with Financing of $8.2 Million Mortgage for Senior Housing in Sacramento, CA

Insurance endorsement provided by FHA supports substantial rehabilitation of 32 units serving 55+ residents at 30%, 45%, 50%, and 60% of the area median income. The Federal Housing Administration (FHA) announced on May 13, that it has closed on a $8.2 million mortgage insured under FHA’s 221(d)(4) Substantial Rehabilitation program […]

ABA: Foundation Encourages Banks to Submit Nominations for 10th Annual Community Commitment Awards

The ABA Foundation is seeking submissions for its 10th annual Community Commitment Awards. The awards, one of the industry’s highest honors for extraordinary community engagement, recognizes innovative, high-impact bank programs that improve the quality of life for customers banks serve. The entry period for submitting nominations ends July 1. “Over the […]