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The Budget Control Act of 2011 (BCA), had authorized only disaster spending and emergency spending to exceed established spending caps. While emergency spending is not subject to the caps in the BCA, spending for disaster relief is calculated by taking the average of the previous ten years disaster relief spending, excluding the highest and ...
The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis.It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 percent of current appraisal value.
AIG received an $85 billion emergency loan in September 2008 from the Federal Reserve. [13] which AIG wais expected to repay by gradually selling off its assets. [14] In exchange, the federal government acquired a 79.9% equity stake in AIG. [14] Washington Mutual (WaMu) was seized in September 2008 by the US Office of Thrift Supervision (OTS). [15]
As a government shutdown looms, a top White House priority—$100 billion in disaster relief—hangs in the balance
DHS allocated $780 million for the migrant crisis last year through the FEMA Emergency Food and Shelter Program, which funds relief not associated with natural disasters, and the FEMA Shelter and ...
The Federal Housing Finance Agency (FHFA) is an independent federal agency in the United States created as the successor regulatory agency of the Federal Housing Finance Board (FHFB), the Office of Federal Housing Enterprise Oversight (OFHEO), and the U.S. Department of Housing and Urban Development government-sponsored enterprise mission team, [3] absorbing the powers and regulatory authority ...
According to FEMA (Federal Emergency Management Agency), the agency “has already helped thousands of Hurricane Helene survivors jumpstart their recoveries with more than $10 million in flexible ...
The Federal Emergency Management Agency (FEMA) is an agency of the United States Department of Homeland Security (DHS), initially created under President Jimmy Carter by Presidential Reorganization Plan No. 3 of 1978 and implemented by two Executive Orders on April 1, 1979. [1]