HUD, administration announce Promise Zone competition

HUD, administration announce Promise Zone competition

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Once designated, each Promise Zone will be coordinated by a lead community based organization in partnership with the Obama Administration. HUD will be the federal lead for the urban designees, while.

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Fact Sheet: President Obama’s Promise Zones Initiative For decades before the economic crisis, local communities were transformed as jobs were sent overseas and middle class Americans worked harder and harder but found it more difficult to get ahead.

The vision of the program is that all children and youth growing up in Promise Neighborhoods have access to great schools and strong systems of family and community support that will prepare them to attain an excellent education and successfully transition to college and a career. improves foreclosure outcomes for lenders and servicers Equator offers an industry-leading SaaS residential distressed loan and real estate management platform. Our configurable and scalable solutions help servicers, outsource providers, and vendors efficiently and effectively manage delinquencies, support compliance requirements, reduce cycle times, decrease operating costs and improve net execution.Obama Housing Scorecard: Housing faces long journey ahead Senate Republicans are pushing ahead with a 1,300-page funding bill that would give. Democrats call it a "Trojan horse" that provides only short-term help for Dreamers in exchange for long-term.

U.S. Department of Housing and Urban Development (HUD) Secretary Julin Castro and U.S. Department of Agriculture (USDA) Secretary Tom Vilsack announced that communities may now apply to be designated a Promise Zone under the third and final round competition. Promise Zones are high-poverty communities where the federal government partners.

Promise Zones build on several programs that were begun during Obama’s first term – a multiagency strategy called the neighborhood revitalization initiative (nri). That initiative combines Choice Neighborhood grants funded by HUD, Promise Neighborhood grants from the Department of Education, and the Department of Justice’s Byrne Criminal Justice Innovation program.

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HUD will be the federal lead for the 14 urban designees, while USDA will serve as the lead federal partner to the tribal and rural Promise Zones. All Promise Zones will receive priority access to federal investments that further their strategic plans, federal staff on the ground to help them navigate federal resources, and five full-time AmeriCorps VISTA members to recruit and manage volunteers and strengthen the capacity of the promise zone initiatives.

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The third and final round of the promise zones competition will open in the Fall of 2015 with announcements anticipated in the Spring of 2016. HUD intends to designate five urban communities and USDA intends to designate one rural and one tribal community.

Ruling adjusts homeowner rights after foreclosure This will not happen until after the bank has completed their foreclosure. Also, if you do get an eviction notice. Ask them for a letter explaining why you are being evicted. i.e. The owned lost the house to foreclosure. You don’t want your next landlord thinking you were evicted because of something you did.

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