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FHA ANNOUNCES MOST SIGNIFICANT IMPROVEMENTS TO DATE FOR DISTRESSED NOTES SALES PROGRAM

FHA ANNOUNCES MOST SIGNIFICANT IMPROVEMENTS TO DATE FOR DISTRESSED NOTES SALES PROGRAM

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced that it is making a series of enhancements to the Department’s Distressed Asset Stabilization Program (DASP) that would have purchasers of severely delinquent mortgages offer qualified borrowers principal reductions and protection from “payment Read more
AGENCY AWARDS $75 MILLION TO HELP LOW-INCOME RESIDENTS RECEIVE JOB TRAINING AND EMPLOYMENT

AGENCY AWARDS $75 MILLION TO HELP LOW-INCOME RESIDENTS RECEIVE JOB TRAINING AND EMPLOYMENT

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today awarded $75 million to help families living in public housing and those participating in HUD’s Housing Choice Voucher Program connect with services to further their education, find good jobs, and to set them on a path to self-sufficiency. Funded through Read more
HUD OFFERS NEXT ROUND OF PLANNING GRANTS TO HELP TRANSFORM COMMUNITIES

HUD OFFERS NEXT ROUND OF PLANNING GRANTS TO HELP TRANSFORM COMMUNITIES

Choice Neighborhoods Planning Grants to help communities revitalize distressed areas WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced the availability of new funding to help local communities across the country to redevelop severely distressed public and HUD-assisted housing and transform surrounding Read more
Homeowner Bailout? The HARP Program

Homeowner Bailout? The HARP Program

You hear people talking about all the different programs that can get you out of your current mortgage headache, but when you search for the solution…all you get are advertisements!  The government does have a solution, so let’s dig in.. What is the Home Affordable Refinance Program? The Home Affordable Finance Program or HARP is Read more
HUD Makes $1.9B available in Grant Funding

HUD Makes $1.9B available in Grant Funding

WASHINGTON – As part of the Obama Administration’s effort to prevent and effectively end homelessness, the U.S. Department of Housing and Urban Development announced today that it will offer $1.9 billion for fiscal year 2015 to support existing and new homelessness programs. Funded throughHUD’s Continuum of Care (CoC) Homeless Assistance Read more
What is the EB-5 Program?  New Investors Need Your Projects!

What is the EB-5 Program? New Investors Need Your Projects!

Are you looking for ways to find new investors for your project?  What if you could provide something better than a return.  If you have ever been to a GDF seminar, then you know that the three major components to any funding deal are: 1.  Job Creation 2. Provides Economic Development Activities 3.  Shovel Ready [...] Read more
HUD AWARDS $29 MILLION TO 25 LOCAL HIV-AIDS HOUSING PROGRAMS

HUD AWARDS $29 MILLION TO 25 LOCAL HIV-AIDS HOUSING PROGRAMS

WASHINGTON – The U.S. Department of Housing and Urban Development today announced $29 million in grants to help approximately 1,200 extremely low-income persons and families living with HIV/AIDS annually. These grants provide a combination of housing assistance and supportive services for this vulnerable population. In addition to housing Read more
FHA Announces Reverse Mortgage Foreclosure Alternative

FHA Announces Reverse Mortgage Foreclosure Alternative

Guidance allows lenders to assign loan to HUD and keep non-borrowing spouse in the home   WASHINGTON – The Federal Housing Administration (FHA) today issued a new policy under its Home Equity Conversion Mortgage (HECM) Program giving FHA-approved lenders the option to delay calling HECMs with eligible  ‘non-borrowing spouses’ due and Read more
FHA TO REDUCE ANNUAL INSURANCE PREMIUMS

FHA TO REDUCE ANNUAL INSURANCE PREMIUMS

WASHINGTON – U.S. Housing and Urban Development Secretary Julián Castro today announced the Federal Housing Administration (FHA) will reduce the annual premiums new borrowers will pay by half of a percent.  This action is projected to save more than two million FHA homeowners an average of $900 annually and spur 250,000 new homebuyers to Read more
City of Freemont offering Funds ($8m) for Creation of Affordable Housing

City of Freemont offering Funds ($8m) for Creation of Affordable Housing

The City of Fremont (City) is announcing a Notice of Funding Availability (NOFA) for the creation of affordable rental housing in Fremont. Approximately $8.0 million in funding is available to support predevelopment, acquisition and construction or rehabilitation of affordable housing.  The funding is intended to fill the financing gap between Read more
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