FHFA: Deemed-Issuance Ratio for Trading of Uniform Mortgage-Backed Securities Announced for 2025
Ratio changes to 51 Percent Fannie Mae and 49 Percent Freddie Mac The Federal Housing Finance Agency (FHFA) today announced the deemed-issuance ratio for the 2025 calendar year in accordance with Internal Revenue Service (IRS) guidelines on the trading of the Uniform Mortgage-Backed Security (UMBS). The deemed-issuance-ratio will be used for diversification reporting on the bonds ultimately…
HUD: More Than $6.5 Million Invested to Modernize Rental Homes for Families in Wisconsin, Maryland, and New Hampshire
Newly closed Green and Resilient Retrofit Program transactions will fund crucial repairs and energy efficiency and climate resilience improvements. Today, the U.S. Department of Housing and Urban Development (HUD) announced the recent closing of three Green and Resilient Retrofit Program (GRRP) transactions to help finance energy efficiency and climate resilience improvements for affordable rental homes…
HUD: $1.3 Million Announced to Prevent Homelessness
Funding will support housing assistance for young adults transition out of foster care. Today, the U.S. Department of Housing and Urban Development (HUD) announced $1.3 million in funding for 21 Public Housing Agencies (PHAs) across 15 states for young adults under 25 years old who left foster care or are transitioning out of foster care….
HUD: Nearly $4 Million Invested to Improve Housing for New Brunswick Families
New award will make significant climate resilience and energy efficiency renovations. Today, the U.S. Department of Housing and Urban Development (HUD) highlighted a $3,920,000 award to Lord Stirling Senior Housing in New Brunswick, New Jersey, under its Green and Resilient Retrofit Program (GRRP) to support significant energy efficiency and climate resilience renovations for 38 HUD-subsidized homes. This Comprehensive loan…
CDFI Fund: FY 2024 CDFI Program and NACA Program Technical Assistance Awards Announced
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced that 256 organizations received $76.32 million in Technical Assistance (TA) Awards to build their capacity to provide financial products and services to low-income and underserved people and communities across America. The Awards were made through the fiscal year (FY) 2024…
SBA: $240,000 Grant Awarded to the National Center for American Indian Enterprise Development
New Native American Trade Expansion Program Pilot Award to Help Expand Exporting Opportunities to Native American-Owned Small Businesses Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for more 34 million small businesses, announced that the National Center for American Indian Enterprise Development(Link is external) (NCAIED) is the first Native American Trade…
HUD: $73 Million Awarded to Support Grantees with Vital Technical Assistance
Funding will provide technical assistance and capacity-building for HUD grantees, local governments, and community organizations nationwide. The U.S. Department of Housing and Urban Development (HUD) will award $73 million in cooperative agreements under the Community Compass Technical Assistance and Capacity Building Program (Community Compass) to 34 non-profit and for-profit organizations, including 6 new organizations to help HUD…
HUD: Agency Successfully Delivers More Than $1.4 Billion in Housing Investments from Inflation Reduction Act
Final round of funding means families in 42 states, D.C., and Puerto Rico will see crucial climate resilience and energy efficiency renovations. The U.S. Department of Housing and Urban Development (HUD) today announced the final round of its Green and Resilient Retrofit Program, marking the successful delivery of more than $1.43 billion from President Joe Biden’s…
EDA: $3.1 Million Invested for Electrical and Wastewater Infrastructure Upgrades to Support Economic Growth in Warren, RI
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding a $3.1 million grant to the town of Warren, Rhode Island, for electrical and wastewater infrastructure upgrades needed to boost economic growth in the region. This grant will provide for necessary electrical upgrades to the wastewater treatment facility, damaged…
EDA: $903,847 Invested to Support Tourism in Neah Bay, WA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $903,847 grant to the Makah Indian Tribe of the Makah Indian Reservation in Neah Bay, Washington, to support the local tourism industry. This grant will support an enhanced feasibility study of the Hobuck Beach Resort in preparation for the construction of a new…