CFPB, FHFA & HUD Launch Joint Mortgage and Housing Assistance Website for Americans Impacted by COVID-19
To ensure homeowners and renters have the most up to date and accurate housing assistance information during the COVID-19 national emergency, today the Consumer Financial Protection Bureau (CFPB), Federal Housing Finance Agency (FHFA), and the Department of Housing and Urban Development (HUD) launched the new mortgage and housing assistance website https://www.cfpb.gov/housing. CFPB, FHFA and HUD are…
HUD: Third Wave of CAREs Act Funding Provides $1 Billion for Communities
Third wave of relief funding targeted for states and insular areas The U.S. Department of Housing and Urban Development Secretary Ben Carson today announced the allocation of a third wave in CARES Act coronavirus relief funding. This wave totaling $1 billion is through the Community Development Block Grant (CDBG) program. To date, HUD has provided over $3…
EDA: $1.5 Billion in CAREs Act Funds Available to Aid Communities Impacted by the Coronavirus Pandemic
U.S. Secretary of Commerce Wilbur Ross today announced that the Department’s Economic Development Administration (EDA) is now accepting applications from eligible grantees for Coronavirus Aid, Relief, and Economic Security Act (CARES Act) supplemental funds (EDA CARES Act Recovery Assistance) intended to help communities prevent, prepare for, and respond to coronavirus. “President Trump is working tirelessly…
CFPB: FAQs Issued to Support Small Businesses Applying for PPP Loans
The Consumer Financial Protection Bureau today issued clarifying FAQs to support small businesses who have applied for a loan from their financial institution under the Small Business Administration’s (SBA) Paycheck Protection Program (PPP). Creditors are generally required under the Equal Credit Opportunity Act and Regulation B to notify applicants within 30 days of receiving a…
FEMA: Federal Support to Expand National COVID-19 Testing Capabilities
Testing is critical to slow the spread of coronavirus (COVID-19) and mitigate its threat to public health. President Trump has led a historic effort to revolutionize testing in the United States to confront this challenge. Under President Trump’s Guidelines for Opening America Up Again, states should meet at least five metrics before proceeding to a phased…
HUD: Flexibility of Funds Increased and Expanded for Public Housing Authorities to Fight COVID-19
Funds for sanitation, transportation to health units and testing, childcare, food, and medical supplies U.S. Department of Housing and Urban Development Secretary Ben Carson today announced the allocation of $380 million in supplemental administrative fee funding to all Public Housing Authorities (PHA), including Moving to Work (MTW) PHAs. The two months of additional funding may…
FHFA: Loan Processing Flexibilities Extended for Fannie Mae and Freddie Mac Customers
The Federal Housing Finance Agency (FHFA) extended several loan origination flexibilities currently offered by Fannie Mae and Freddie Mac (The Enterprises) designed to help borrowers during the COVID-19 national emergency. Those flexibilities are extended until at least June 30th and include: Alternative appraisals on purchase and rate term refinance loans; Alternative methods for verifying employment before…
FEMA: $200 Million in Supplemental Funding Provided for Resources that Support Economic Emergencies including Hunger and Homelessness
Today, FEMA announced $200 million in supplemental funding allocations to local jurisdictions across the country to supplement local service organizations that provide critical resources to people with economic emergencies, which include our hungry and homeless populations. In addition to the $200 million supplemental funding from the Coronavirus Aid, Relief and Economic Security (CARES) Act, Congress…
Census Bureau: Some 2020 Census Field Operations to Resume
The U.S. Census Bureau, in coordination with federal, state and local health officials, will begin a phased restart of some 2020 Census field operations in select geographic areas this week. Updates on the operations resuming by location are available at 2020census.gov. This webpage will be updated weekly as 2020 Census operations resume across the United…
SBA: Economic Injury Disaster Loans Available to U.S. Agricultural Businesses Impacted by COVID-19 Pandemic
U.S. Small Business Administration Administrator Jovita Carranza announced today that agricultural businesses are now eligible for SBA’s Economic Injury Disaster Loan (EIDL) and EIDL Advance programs. SBA’s EIDL portal will reopen today as a result of funding authorized by Congress through the Paycheck Protection Program and Healthcare Enhancement Act. The legislation, signed into law by the President one week…