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(NSP) Cities Favor Quick NSP-3 Turnaround, but Say Problems Remain
   The quick issuance of $1 billion in third-round Neighborhood Stabilization Program (NSP-3) funding is seen by the National League of Cities (NLC) officials as a badly needed contribution to the effort, but officials say far more must be done to fully... 09/08/2010 6:43 PM

(HUD) Communities Get $3 Billion in NSP-3 Formula Funding
   Pre-empting the release of its own program rules, HUD issues $1 billion in the third round of Neighborhood Stabilization Program (NSP-3) grants to states, counties and local communities in a fashion similar to that of the controversial first round in... 09/08/2010 5:12 PM

(TRANSIT) Obama Jobs Plan Could Boost High-Speed Rail, Transit Capital Funds
   The national high-speed rail network begun by White House in 2009 and traditionally earmarked federal transit projects could receive a huge boost, as President Obama announces a $50 billion transportation infrastructure initiative. In his Labor Day ... 09/08/2010 11:36 AM

(GRANTS) Economic Development, Affordable Housing Projects Take Shares of FHLB Awards
   The Federal Home Loan Bank of San Francisco awards $1 million in grants to back community development and affordable housing efforts throughout three western states. The Access to Housing & Economic Assistance for Development (AHEAD) grants go t... 09/07/2010 7:24 PM

(STATES) CA Communities Chosen as Catalyst Projects for Sustainable Pilot Program
   Thirteen California communities are chosen by the state Dept. of Housing & Community Development (HCD) to receive shares of more than $9 million in bond funding awards for a new sustainable development program. HCD officials see the communities... 09/07/2010 6:47 PM

(FTA) Latest Obama Jobs Plan Could Boost High-Speed Rail, Transit Capital Funds
   The national high-speed rail network begun by White House in 2009 and traditionally earmarked federal transit projects could receive a huge boost, as President Obama announces a $50 billion transportation infrastructure initiative. In his Labor Day ... 09/07/2010 6:36 PM

(RULES) NSP-1 Recipients Missing Deadlines Could Get Extensions to Use Funding
   First-round Neighborhood Stabilization Program (NSP-1) recipients who fail to meet funding obligation deadlines could still have a shot at continuing their programs pending a HUD review. HUD initially estimated in May that as much as 25% of the $3.9... 09/02/2010 4:30 PM

(FORECLOSURES) HUD, Lenders Enter into Pact to Implement National First Look Program
   HUD and major national lenders have entered into their first-ever agreement, a plan to offer state and local governments and nonprofits participating in the Neighborhood Stabilization Program (NSP) the first chance to buy foreclosed homes before maki... 09/01/2010 12:09 PM

(SENATE) Small Business Jobs Bill to be Considered after Recess
   The Senate will consider legislation containing a $30 billion Small Business Lending Fund upon the Senate's return from Labor Day recess. The Small Business Jobs & Credit Act (H.R. 5297) has been in limbo in the committee since early August when... 09/01/2010 10:13 AM

(ENVIRONMENT) Report Urges HUD Eco-Intervention
   Boston-based National Consumer Law Center (NCLC) says in a new report that HUD should go to the rescue of up to 3 million low-income families with energy-saving appliances and new windows. NCLC issues a list of recommendations to HUD, encouraging th... 08/30/2010 5:17 PM

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