The Senate Appropriations Committee has approved $5.2 billion in Community Development Block Grant funds, $1 billion more than the Bush administration requested, to support housing assistance programs in the hurricane-stricken areas of Louisiana, Mississippi, and Texas.If accepted by the House, the extra $1 billion would ensure that Louisiana receives $4.2 billion in CDBG funds requested by President Bush and that CDBG funds will be available to meet housing assistance needs in Mississippi and Texas. The committee's action will "allow us to fully fund our housing program and will enable our citizens to rebuild, repair, and relocate," Louisiana Gov. Kathleen Blanco said. The $106.5 billion supplemental appropriations bill, which includes funding for the Iraq war and hurricane recovery, also increases the president's $1.46 billion request for rebuilding levies by $628.7 million -- contingent on a formal request by the president for the additional funding.
-
House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A labor shortage is costing the market tens of thousands of new homes per year, and tariff uncertainty is adding thousands of dollars in expenses per unit.
July 3 -
The pace of revenue growth slowed toward the end of 2024, with the trend continuing into the first three months of this year, NAHB reported.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
The 10 basis point decline in the 30-year fixed mortgage was the most since March and the first time rates are below 6.7% since April, Freddie Mac said.
July 3 -
The firm, now going by Fairway Home Mortgage, said the change is a representation of plans to create a "connected ecosystem."
July 3