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…
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: Comptroller Discusses CRA and Affordable Housing
WASHINGTON — Comptroller of the Currency Thomas J. Curry today discussed efforts to enhance compliance supervision and the Community Reinvestment Act (CRA). Mr. Curry, speaking to a gathering of the National Association of Affordable Housing Lenders, also noted that CRA performance and compliance are critical aspects of the business of banking. Related Links Remarks (PDF) Comptroller…
FDIC: New Resource Announced for Community Banks – Affordable Mortgage Lending Guide Part II
The Federal Deposit Insurance Corporation (FDIC) published a new guide to help community bankers learn more about grant and mortgage loan programs offered by State Housing Finance Agencies. The Affordable Mortgage Lending Guide, Part II: State Housing Finance Agencies describes programs offered by State Housing Finance Agencies across the country. The guide focuses on first-lien mortgage…
CDFI Fund: US Treasury Announces Over $90 Million in Awards for Affordable Housing
Over $900 Million in Private Sector Investment to be Leveraged by Capital Magnet Awards The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 32 organizations nearly $91.5 million in grants today for the development of affordable housing and community facilities in low-income communities. These awards were made through the fiscal…
FDIC: Resources Unveiled to Help Community Banks Learn More about Affordable Housing Programs
The Federal Deposit Insurance Corporation (FDIC) on Thursday published a guide and launched an online resource center to help community bankers learn more about single-family housing products offered by federal agencies and government-sponsored enterprises. The Affordable Mortgage Lending Guide, Part I: Federal Agencies and Government Sponsored Enterprises describes federal programs for single-family housing lending that support…
OCC: Newsletter Focuses on Housing Financing in Indian Country
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Development Investments newsletter entitled “Housing Financing in Indian Country: Spotlight on HUD’s Title VI Program.” This issue describes the Department of Housing and Urban Development’s (HUD) Title VI loan guarantee program, and presents examples of how banks have…