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.
Moody’s tempers multifamily bubble fears or is that the ramblings of thinking dominated by fear? As Davos gets going, there will be the usual calls for influencers to come up with a co-ordinated response to avert a crisis in emerging markets.
The ability to access preference points in federal funding competitions is one of the key benefits of the federal promise zone designation. Each year, participating federal agencies like the Department of Housing and Urban Development (HUD), the Department of Commerce, or the Department of Education, will announce grant opportunities that.
Proposed bill would allow principal write-downs in bankruptcy courts Mortgage Modification in Bankruptcy: cramdown. legislation. mortgage.. latory reform Act of 2008 created the Federal Housing Finance Agency. (FHFA), a new. due to the “general reluctance of servicers and lenders to write down the principal of. principal, in each case to create a modified loan affordable for the life of.
WASHINGTON – Today, U.S. Department of Housing and Urban Development (HUD) Secretary Julin Castro and U.S. Department of Agriculture (USDA) Secretary Tom Vilsack announced that communities may now apply to be designated a Promise Zone under the third and final round competition.
Obama Scorecard: Foreclosure programs aid 1.4 million homeowners These actions included over 1.4 million home affordable modification program trial modification starts, more than 600,000 federal housing administration loss mitigation and early delinquency interventions, and nearly 1.8 million proprietary modifications under Hope Now, the report notes.
That broke a decade-long understanding, negotiated in the early days of the Obama administration, that kept the price. which would mean about 4% real growth, a promise he reiterated after assuming.
2012 marks milestone year for Trulia Seattle is now a full year into its reign as the hottest housing market in the country, an unusually long surge that doesn’t look likely to end anytime soon. Single-family home prices across the.
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.
ATLANTA – Mayor Kasim Reed joined U.S. Department of Housing and Urban Development (HUD) Secretary Julin Castro today to announce the City of Atlanta has been named a Promise Zone community.
HUD Announces the Winner of the 2015 IAH Competition. 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.
House Republicans propose closing down FHA According to the committee release, the proposed funding level for. For the U.S. Department of Housing and Urban Development (HUD), As it did in the previously Republican-controlled House, the bill. Given the need to address the spending caps and limited time in September to pass final spending.
Hartford received its Promise Zone status under the Obama administration in 2015, a designation that gives it priority consideration when applying for federal funds.