HUD: $5 Million Awarded to Promote Lead Hazard Reduction and Weatherization Programs
Demonstration grants will promote the coordination between reducing lead and energy costs The U.S. Department of Housing and Urban Development (HUD) today awarded $5 million in demonstration grants to five local government and non-profit organizations to help households with young children or seniors promote energy efficiency and healthy housing. The funding announced today promotes the…
Interagency Interim Final Rule Issued Regarding the Emergency Capital Investment Program
On March 22, 2021, the Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board), and Federal Deposit Insurance Corporation (FDIC) (collectively, the agencies) published an interim final rule to support and facilitate the timely implementation of the congressionally authorized Emergency Capital Investment Program (ECIP). Under ECIP, the…
HUD: More Than $652 Million Awarded for Affordable Housing Activities in Native American Communities
Funds support development and operation of low-income housing Today, the U.S. Department of Housing and Urban Development (HUD) announced more than $652 million in Indian Housing Block Grant (IHBG) formula funding for eligible Native American Tribes and Tribally Designated Housing Entities (TDHEs) to carry out affordable housing activities in tribal communities. View a complete list of nearly 600…
FHFA: Fannie Mae’s and Freddie Mac’s Duty to Serve Underserved Markets Plans for 2021 Announced
The Federal Housing Finance Agency (FHFA) today published the 2021 Underserved Markets Plans for Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) program. The Plans became effective January 1, 2021. FHFA issued a final rule in 2016 that implemented the DTS provisions as mandated by the Housing and Economic Recovery Act of…
HUD: $78 Million Awarded to Help Families Reach Self-Sufficiency
Federal funding to support education and employment among HUD-assisted families Today, U.S. Housing and Urban Development (HUD) Secretary Ben Carson awarded approximately $78 million to hundreds of public housing authorities across the country to help residents of public housing and voucher-assisted housing increase their earned income and reduce their dependency on public assistance and rental…
HUD: $54.7 Million in Grants Awarded to Expand Development of New Rental Housing for Extremely Low-Income Persons with Disabilities
The U.S. Department of Housing and Urban Development today announced the award of over $54.7 million in capital advance and project rental assistance grants to 15 organizations, to expand the supply of affordable rental housing for extremely low-income persons with disabilities. The capital advance awards will support integrated affordable housing by providing funding for the…
Federal Reserve: New York Fed Releases Report About Credit Access and Debt Payment for Low-Income Americans
The Federal Reserve Bank of New York today released a report on the effects COVID-19 has had on low-income Americans’ ability to access credit and pay down debt. The report, “State of Low-Income America: Credit Access & Debt Payment,” uses data from the New York Fed’s Consumer Credit Panel, which is based on Equifax credit…
HUD: Historic North Carolina Hospital Earns 2020 HUD Secretary’s Award
The U.S. Department of Housing and Urban Development (HUD) and the Advisory Council on Historic Preservation (ACHP) announced last week the Historic Ashe Hospital in Jefferson, North Carolina, was the recipient of the 2020 ACHP/HUD Secretary’s Award for Excellence in Historic Preservation. This annual award recognizes developers, organizations, and agencies for successfully advancing historic preservation, while…
HUD: $10 Million in “Sweat Equity” Grants Announced
Grants help hundreds of families work alongside non-profits to build their homes and achieve homeownership The U.S. Department of Housing and Urban Development (HUD) today awarded $10 million in “sweat equity” grants to four non-profit self-help housing organizations which will create at least 536 affordable homes for hard-working, low-income families and individuals. Funded through HUD’s…
HUD: $4 Million Awarded to Help Low-Income Veterans Rehabilitate Their Homes
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announced $3.9 million in funding through the Veterans Housing Rehabilitation and Modification Pilot Program (VHRMP) to help make homes more accessible for disabled veterans. Through the VHRMP program, grantees will make necessary physical modifications to address the needs of…