ABA: Foundation Recognizes Older Americans Month and Offers New Resources on Financial Caregiving
In recognition of Older Americans Month, the ABA Foundation today released three new videos on financial caregiving as a part of its Safe Banking for Seniors program. The free national program, which aims to protect older Americans from financial exploitation, provides bankers with turnkey tools and resources to help them connect with their communities on this complex…
ABA: Foundation Accepting Submissions for Community Commitment Awards
The American Bankers Association Foundation is accepting submissions for its 11th annual Community Commitment Awards and encouraging banks of all sizes to enter their successful community initiatives. The awards, ABA’s highest honors for extraordinary community engagement, recognize innovative, high-impact bank programs that improve the quality of life for the communities they serve. The entry period for submitting…
HUD: $15 Million Awarded to Help Low-Income Seniors Age in Place
Grants will fund health and safety repairs in homes of low-income elderly homeowners The U.S. Department of Housing and Urban Development (HUD) today awarded almost $15 million to 13 nonprofit organizations, in addition to a state government to assist in undertaking comprehensive programs that make safety and functional home modifications and limited repairs to meet…
HUD: $96.5 Million Rental Assistance Demonstration Conversion Transactions Closed to Preserve and Rehabilitate 500 Senior Homes in Chicago, IL
Chicago Housing Authority leverages RAD to support rehabilitation of affordable rental homes at two properties for seniors. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing is announcing today it recently closed two Rental Assistance Demonstration (RAD) transactions with the Chicago Housing Authority (CHA) to finance the rehabilitation of affordable rental homes…
HUD: $3.16 Billion Awarded for Critical Investments in Nation’s Public Housing
Funding will allow housing authorities to modernize public housing for families, individuals, seniors Today, the U.S. Department of Housing and Urban Development awarded $3.16 billion in funding to nearly 2,770 public housing authorities (PHAs) in all 50 states, as well as the District of Columbia, Guam, Puerto Rico and the U.S. Virgin Islands to make…
HUD: Updated Guidance Issued to Enhance Use of Supportive Services Programs at Properties for Low-Income Seniors
Guidance for owners of properties participating in HUD’s Multifamily Section 202 Project Rental Assistance Contract program reinforces use of supportive services funds to help seniors live independently New HUD 202 service portal launched for ordering free COVID-19 Antigen tests The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced today…
HUD: Rental Assistance Demontration Transaction Closed in South San Francisco, CA to Preserve 40 Affordable Rental Homes for Seniors
Transaction supports significant renovation of rental homes at multifamily property with a HUD project-based rental assistance contract. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing announced today that it recently closed a Rental Assistance Demonstration (RAD) transaction with Bridge Housing, a non-profit housing provider, to support the preservation and renovation of…
ABA: Foundation Launches 2023 Financial Education Campaigns, Three-Year Initiative to Reach 5 Million Americans
The theme for this year’s campaigns is ‘Protecting Your Financial Future’ The American Bankers Association Foundation today launched its 2023 financial education campaigns, calling on America’s banks and their more than two million employees to participate in these important industry programs and help more consumers achieve long-term financial stability. It also announced a three-year industry-wide…
HUD: FHA Announces New Assistance Option to Help Senior Homeowners with Reverse Mortgages Impacted by COVID-19
New COVID-19 Home Equity Conversion Mortgage Property Charge Repayment Plan allows servicers to offer homeowners up to five years to repay past-due property charges. Today, the Federal Housing Administration (FHA) is announcing new flexibilities to help senior homeowners with FHA-insured Home Equity Conversion Mortgages (HECMs) who are behind on required property charge payments due to effects of…
HUD: $176.4 Million in Grant Funding Made Available for Construction and Ongoing Project-Based Rental Assistance for Low-Income Seniors
Section 202 Capital Advance and Ongoing Project Rental Assistance Notice of Funding Opportunity supports development of new, deeply affordable rental homes for very low-income seniors. The U.S. Department of Housing and Urban Development (HUD) today announced the availability of up to $174.6 million in grant funding opportunities through a Notice of Funding Opportunity (NOFO) to support the…