FHASecure Expands to Help More At-Risk Homeowners
On July 14th, HUD Secretary Steve Preston expanded the FHASecure mortgage refinancing initiative. FHA can now help even more families "find an affordable mortgage and save their homes from foreclosure", he said, "without putting taxpayers or its insurance fund at risk." The expansion puts FHASecure on pace to help 500,000 families refinance into a more affordable mortgage product by the end of this year.
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Continuum of Care NOFA Published
The Notice of Funding Availability (NOFA) for the Continuum of Care (CoC) Homeless Assistance Program was published in the Federal Register on July 10, 2008. Approximately $1.42 billion is available for this year's CoC Homeless Assistance Program, to help homeless individuals and families move to self-sufficiency and permanent housing.
Although the NOFA has been released, the new e-SNAPS system is not yet available to accept electronic applications. HUD Headquarters will send a notice to the Homeless Assistance listserv when the application is available, and will publish an additional Federal Register Notice with application deadline dates.
Please contact your local HUD Office of Community Planning and Development with questions:
Several classes (including FHA Updates and Grant Writing training) are scheduled throughout the Region over the summer. Check your state's web calendar for details:
Increased Funding for Public Housing Authorities
Public Housing Authorities throughout the Northwest have been awarded millions in 2008 capital improvement funds to create new, modernize existing or replace demolished public housing units.
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Senior Housing Development Grants Awarded in Washington
Two Washington groups are among 63 organizations nationwide to win HUD grants to help cover the pre-development costs of building supportive housing complexes for the low-income elderly. The Korean Women's Association in Federal Way is building a 62-unit, $7.8 million complex, and the American Baptist Home in Lynnwood is building a 40-unit, $5 million complex, both also funded by HUD.
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HUD Seattle Regional Office, 909 First Avenue, Suite 255, Seattle, WA 98104-1000
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