HUD: $15 Million Announced to Test a New Approach to Help Low-Income Seniors Age in Place
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today awarded approximately $15 million to select owners of HUD-assisted senior housing developments to help their low-income senior tenants to age in their own homes and delay or avoid the need for nursing home care. HUD will cover costs related to hiring a full-time Enhanced…
HUD: $33 Million Awarded to End Youth Homelessness
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) is awarding $33 million to build systems intended to end youth homelessness in ten local communities, including four rural areas. HUD’s Youth Homelessness Demonstration Program (YHDP) will support a wide range of housing programs including rapid re-housing, permanent supportive housing, transitional housing, and host…
HUD: HUD, VA and Mayor of DC Announce New Housing for Homeless Veterans
WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Julián Castro, U.S. Secretary of Veterans Affairs (VA) Robert A. McDonald and District of Columbia Mayor Muriel Bowser joined advocates and housing professionals today to open the John and Jill Ker Conway Residence, an architecturally striking apartment building with 60 units of permanent supportive housing for…
CFPB: Survey Finds Over One-in-Four Consumers Contacted by Debt Collectors Feel Threatened
CFPB Also Releases Study of Consumer Risks in Online Debt Sales, Consumer Stories of Debt Collection Experiences WASHINGTON, D.C. – A Consumer Financial Protection Bureau (CFPB) report released today found that over one-in-four consumers contacted by debt collectors felt threatened. The report was drawn from the first-ever national survey of consumer experiences with debt collectors. Over…
CDFI Fund: Waitlist Opens for Minority CDE Training and Technical Assistance Initiative
The Community Development Financial Institutions Fund (CDFI Fund) has contracted with National Community Investment Fund (NCIF) to provide group training and individual technical assistance to Minority Community Development Entities (Minority CDEs). The purpose of the training and subsequent technical assistance is to ensure full understanding of how Minority CDEs can participate in the New Markets Tax Credit…
CFPB: Buy a Home? The First Step is to Check your Credit
Buying a home is exciting. It’s also one of the most important financial decisions you’ll make. Choosing a mortgage to pay for your new home is just as important as choosing the right home. You have the right to control the process. Check out our other blogs on homebuying topics, and join the conversation on Facebook…
HUD: American Housing Survey Results for 25 Metro Areas Released
WASHINGTON – Today, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau released the results of the 2015 American Housing Survey focusing on 25 metropolitan areas across the country. The data released today includes detailed information on everything from monthly housing costs, hunger, and neighborhood characteristics including crime and the…
OCC: Report Discusses Risks Facing National Banks and Federal Savings Associations
WASHINGTON — The Office of the Comptroller of the Currency (OCC) reported strategic, credit, operational, and compliance risks remain top concerns in its Semiannual Risk Perspective for Fall 2016, released today. Highlights from the report include: Strategic risk remains high as banks consider business model changes and face challenges in growing revenue. Strategic planning remains important…
CFPB: Four Tips to Help Older Student Loan Borrowers Navigate Common Problems with their Student Loans
Today, we released a report that shows that older Americans now carry an unprecedented amount of student loan debt into retirement. The report shows that over the last decade, the number of older student loan borrowers has quadrupled in the United States. The amount that these borrowers owe has also dramatically increased. Between 2005 and 2015, consumers…