The House has approved a $94.5 billion supplemental appropriations bill that also provides $4.2 billion in additional Community Development Block Grants for Louisiana to help rebuild homes severely damaged in hurricanes Katrina and Rita.Congress provided Louisiana $6.2 billion in CDBG funds last December, but it was deemed inadequate to deal with damage caused by the massive flooding. President Bush requested an additional $4 billion in CDBG funds for Louisiana. The Senate was expected to approve final passage of the supplemental spending bill Thursday. The bill also includes $1 billion in CDBG funds to address hurricane recovery efforts in Mississippi, Texas, Alabama, and Florida. Mississippi and Louisiana are currently using the CDBG funds to provide homeowners with grants of up to $150,000 to repair and rebuild their homes.
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Fannie Mae and Freddie Mac's portfolios were collectively $10 billion larger than in January, spurred in part by their mortgage-backed securities directive.
March 28 -
Employers who use Nayya's agentic AI platform can provide Foyer, a dedicated 401(k) for homeownership, as a benefit that helps its employees buy a home.
March 27 -
The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
March 27 -
Lowering minimum standards and using a 2018 proposal as a basis for change may be the quickest path, according to Donald Layton, Freddie Mac's CEO from 2012 to 2019.
March 27 -
The real estate investment trust declared an all-cash offer of $10.80 per share from CrossCountry superior to the fixed stock exchange ratio bid from UWM.
March 27 -
In three separate appearances Thursday, Fed Gov. Lisa Cook, Gov. Michael Barr and Vice Chair Philip Jefferson said they are worried that U.S. involvement in the war with Iran could drive up inflation, leading them to conclude that interest rates should remain steady in the near term.
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