May 2009

• Donovan, Geithner, Outline New Details Behind Making Home Affordable Program

  Just Over Two Months after release of the Making Home Affordable Program guidelines, Donovan and Geithner released an update on the programs impact on stemming the housing crisis and keeping families in their homes and announced new options for homeowners facing foreclosure. more

• Donovan Announces NSP II: $2B in Recovery Act Funds for Neighborhood Stabilization

  U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today announced that HUD is now soliciting grant applications under the Department’s Neighborhood Stabilization Program (NSP) to make available nearly $2 billion in Recovery Act funding to states, local governments and non-profit housing developers to combat the effects of home foreclosures. Applications for NSP funds will be due July 17, 2009. more