Last week, the Department of the Treasury announced state and local governments distributed nearly $2.8 billion from the Emergency Rental Assistance (ERA) program to more than 510,000 households in September, up from 459,000 households in August. Through September 30, state, local and Tribal governments have made over two million payments to households and distributed over $10 billion.
Related Posts
HUD Updates Multifamily Wind and Storm Insurance Policy
HUD announced an increase in deductibles for wind and named insurance coverage for multifamily properties financed with FHA-insured mortgages as a measure to address rising wind and storm insurance costs in recent years with extreme weather events expected to continue.
EPA Awards Solar for All Grants, NHT Selected
The Environmental Protection Agency (EPA) awarded grants under the $7 billion Solar for All program, which will create or expand existing low-income solar programs.
USDA Rural Development Decoupling Program Development Stakeholder Session – April 25
The decoupling of rental assistance from Section 514/515 loans under the Consolidated Appropriations Act of 2024 will now permit properties with Section 514/515 maturing mortgages to continue to receive rental assistance to further preserve affordable housing. A stakeholder engagement session is being held on April 25 at 2 p.m. ET and those interested in participating are encouraged to register.
Senate, House Hold FY 2025 HUD Appropriations Hearings – April 30 & May 1
Senate, House Hold FY 2025 HUD Appropriations Hearings – April 30 & May 1