HUD: City of Madison Community Development Authority Selected as Partner for the Annual Innovation in Affordable Housing Student Design and Planning Competition
HUD hopes to inspire and support students of fields such as architecture, planning, policy, and finance in advancing affordable and sustainable housing for low- and moderate-income Americans. The U.S. Department of Housing and Urban Development (HUD) has announced the City of Madison Community Development Authority (CDA) in Madison, Wisconsin will be the partnering public housing…
FDIC: Iowa Trust & Savings Bank, Emmetsburg, IA, Assumes All of the Deposits of Citizens Bank, Sac City, IA
Citizens Bank, Sac City, Iowa, was closed today by the Iowa Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into a Purchase and Assumption Agreement with Iowa Trust & Savings Bank, Emmetsburg, Iowa, to assume all of the deposits of Citizens Bank. The two…
HUD: FHA Changes Appraisal Requirements for Certain Manufactured Homes to Enhance Financing Flexibility for Borrowers
Updated requirements for valuation of manufactured homes contribute to FHA’s efforts to increase the availability and affordability of manufactured housing as part of the Biden-Harris Administration’s Housing Supply Action Plan. The Federal Housing Administration (FHA) today announced the publication of updated appraisal requirements for the valuation of manufactured homes certified under Fannie Mae’s MH AdvantageTM and Freddie Mac’s…
SBA: Historic Step Taken to Expand Access to Capital and Fill Lending Gaps in Underserved Communities through the SBLC Program
New Licenses Mark Milestone Achievement in Biden-Harris Administration Efforts to Increase Access to Capital Today, Administrator Isabel Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced that the SBA has granted three new Small Business Lending Company (SBLC) licenses to lenders focused…
HUD: FHA Publishes Comprehensive Guidance for the Home Equity Conversion Mortgage Program
Newly published chapters of the Single Family Housing Policy Handbook provide a central source of information to enhance program delivery for seniors choosing to age in place in their own homes The Federal Housing Administration (FHA) today announced the publication of consolidated and comprehensive policies for its Home Equity Conversion Mortgage (HECM) program, and the inclusion of…
SBA: Boots to Business Instructors of the Year Announced to Recognize Those Who Help Set Up Veteran-Owned Small Businesses for Success
Five Award Recipients Will be Recognized During National Veterans Small Business Week, Oct. 30 to Nov. 3 Today, the U.S. Small Business Administration (SBA) named five recipients as “Boots to Business (B2B) Instructor of the Year” award winners. SBA representatives and its partner networks receive feedback about Boots to Business instructors throughout the year and honor those…
HUD: Communities and Developers Encouraged to Explore More Commercial to Residential Housing Conversions
New White House Guidebook and Updated HUD Notice would provide new tools to help expand housing supply affordability Today, the U.S. Department of Housing and Urban Development (HUD) and the Biden-Harris Administration announced important updates that will help bolster our nation’s housing supply and improve housing affordability. The White House released a guidebook, developed in partnership with…
FDIC: Advisory Committee on Economic Inclusion to Meet Next Week
Two New Members also Announced The Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Economic Inclusion (ComE-IN) will meet on Thursday, November 2, 2023, to discuss updates from Committee members about key challenges facing their communities and organizations. Panel presentations will discuss the final Community Reinvestment Act (CRA) rule, research informing the next FDIC multi-year…
HUD: Agency Celebrates Opening of 76 New Affordable Senior Homes in Columbus, OH
HUD Assistant Secretary Julia Gordon highlights Biden-Harris Administration’s commitment to affordable rental housing at ribbon-cutting ceremony at Salem Village The U.S. Department of Housing and Urban Development’s (HUD) Assistant Secretary for Housing Julia R. Gordon today joined the leadership of National Church Residences, the largest nationwide non-profit organization providing affordable senior housing, and state and…
HUD: ConnectHomeUSA Virtual Summit Announced to Bridge the Digital Divide for HUD-Assisted Families
A 3-day virtual summit for interested parties to promote digital inclusion for American families and ensure all HUD-Assisted families enroll in the Affordable Connectivity Program Today, the U.S. Department of Housing and Urban Development (HUD) announced that Secretary Marcia L. Fudge will provide remarks at the 2023 ConnectHomeUSA (CHUSA) Virtual Summit for CHUSA communities, Public…