(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...  Read More  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...  Read More  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 ...  Read More  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...  Read More  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...  Read More  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 ...  Read More  09/07/2010 6:36 PM

(HUD) Oct. 15 Deadline Set for Lead Hazard Control, Demonstration Grants:  Tribes, states and local governments can apply through Oct. 15 to gain parts of $62 million in HUD's Lead-Based Paint Hazard Control Program grants and for cities with the greatest need to receive $48 million in Lead Hazard Reduction Demonstration gr...  Read More  09/03/2010 3:35 PM

(USDA) States, Territories Receive $6.63 Million in Agriculture RBEG Funds:  Forty-five states and two territories receive 61 Agriculture Dept. rural development awards totaling $6.63 million. In making the Aug. 31 announcement, Rural Development Under Secretary Dallas Tonsager said the money is coming from the Rural Busines...  Read More  09/02/2010 5:30 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...  Read More  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...  Read More  09/01/2010 12:09 PM