Promise Zones build on several programs that were begun during Obama’s first term – a multiagency strategy called the Neighborhood Revitalization Initiative (NRI). That initiative combines Choice Neighborhood grants funded by HUD, Promise Neighborhood grants from the Department of Education, and the Department of Justice’s Byrne Criminal Justice Innovation program.
Investors raise $8 billion for REO A longtime Southern California homebuilder and entrepreneur, Jimmy Previti is president and CEO of Frontier Enterprises, one of Southern California’s leading and most respected builders of high-quality new homes for first-time buyers, growing families and seniors.. Investors raise $8.
HUD will be the federal lead for the 14 urban designees, while USDA will serve as the lead federal partner to the tribal and rural Promise Zones. All Promise Zones will receive priority access to federal investments that further their strategic plans, federal staff on the ground to help them navigate federal resources, and five full-time AmeriCorps VISTA members to recruit and manage volunteers and strengthen the capacity of the Promise Zone initiatives.
Nomura and RBS await judge ruling on FHFA mortgage lawsuit · The award stemmed from a lawsuit brought against Nomura and RBS by the Federal Housing Finance Agency in 2011. The FHFA has acted as conservator of mortgage agencies Fannie Mae and Freddie Mac.Mortgage applications down 2.3% led by drop in purchases Obama announces plan to ease “crushing” student loan debt REPAYE was introduced with the announcement that President Obama's.. President Obama's plan to provide student loan relief is extremely lucrative for.. to get out from under crushing federal student loan debt, but this change wasn't set.Purchase-mortgage applications started rising on a year-over-year basis in January, as would be expected, given the lower mortgage rates. From late March through early May, the four-week rolling average of purchase-mortgage applications jumped by the double digits compared to the same periods last year, with gains ranging from 10% to 21%:4 quick reactions to FHFA mortgage insurer liquidity plan The federal takeover of Fannie Mae and Freddie Mac was the placing into conservatorship of the government-sponsored enterprises (GSEs) Federal National Mortgage Association and Federal Home Loan Mortgage Corporation (Freddie Mac) by the U.S. Treasury in September 2008. It was one of the financial events among many in the ongoing subprime mortgage crisis.
Obama Tries to End the Cycle of Broken Poverty Promises Pouring federal aid into poor communities hasn’t accomplished much in the past. But the Obama administration insists its Promise Zones.
Hartford received its Promise Zone status under the Obama administration in 2015, a designation that gives it priority consideration when applying for federal funds..
The graduate student team from New York University (NYU) is the winner of HUD’s second annual Innovation in Affordable Housing Student Design and Planning Competition. The nyu team developed a plan for the redevelopment of a senior affordable housing high-rise in Houma, Louisiana.
The move follows the US Food and Drug Administration’s announcement. Trump campaigned on a promise to lower drug prices and posted his blueprint for doing so in May. One of the primary intentions.
Quicken Loans parent company Rock Holdings acquires Canadian fintech company Lendesk Parent Company of Quicken Loans Acquires Lendesk — Leading Canadian Mortgage Tech Startup Rock Holdings’ investment to accelerate development of Lendesk’s mortgage origination network.
Applicants that propose to serve children that reside within a federally designated Promise Zone (listed in the Appendix) and that serves a substantial number of children within that Zone and submit form HUD-50153 Certification of Consistency with Promise Zone Goals and Implementation, signed by the authorized official for the designated Promise Zone supporting the application, will receive 3 bonus points under the Criteria listed in Section V.1.
Applications are currently open for HUD’s National Disaster Resilience Competition, and earlier this week, Smart Growth America hosted a webinar to discuss details of this $1 billion opportunity. If you missed the webinar, you can now view the presentation slides online.