November 10, 2015
Tuesday’s Regulatory & Legislative Round-Up
- The Federal Housing Finance Agency has released for public comment its proposed information collection National Survey of Existing Mortgage Borrowers which would survey first time mortgage borrowers purchasing single family homes. The survey will collect information on the mortgaged property and the borrowers financial knowledge and resources, among other things.
- The Department of Housing and Urban Development (HUD) and the Department of Justice (DOJ) have released a funding notice Pay for Success Supportive Housing Demonstration is a grant opportunity offering up to $1.3 million in awards to create supportive housing for formerly incarcerated individuals. Pay for success programs are contracts between the service provider and the government in which agreed on outcomes are compensated with success payments when results are achieved.
- Portland, Oregon has declared a state of emergency with regard to the housing situation. The city has plans to spend $67 million in tax dollars to develop affordable housing.
