HUD: $84 Million Awarded to Help End Youth Homelessness
Grants to support innovative housing programs in 17 communities The U.S. Department of Housing and Urban Development (HUD) today awarded $83.7 million to build systems to end youth homelessness in 17 local communities, including 6 rural communities. The funding was awarded through HUD’s Youth Homelessness Demonstration Program (YHDP) to support a wide range of housing…
HUD: More than $15 Billion in Construction Investment Facilitated by Rental Assistance Demonstration
Significant achievement represents investments in construction, rehabilitation, and preservation of affordable rental homes over nine-year period. The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs (HUD) is announcing today that construction investment for affordable housing preservation through the Rental Assistance Demonstration (RAD) program has surpassed $15 billion since the program’s…
HUD: $12.4 Million Loan Guarantee Announced for Baltimore, MD
Renovation and Expansion of a Historic Recreation Center Supported by Loan Guarantee The U.S. Department of Housing and Urban Development (HUD) today announced a $12.4 million loan guarantee for the renovation and expansion of the Chick Webb Recreation Center in East Baltimore, Maryland. The loan guarantee, offered through the Section 108 Loan Guarantee Program (Section 108),…
SBA: Over $4 Million in New Funding to Expand Veteran Business Owner Outreach Announced
The deadline to apply is November 23, 2022 Today, the U.S. Small Business Administration (SBA) announced a new funding opportunity for up to $400,000 to be awarded to up to 12 entities including private organizations, colleges and universities, private sector firms, nonprofit organizations and state, local or tribal governmental agencies to provide critical training and counseling to aspiring…
HUD: $5.7 Million in Research Grants Awarded to Reduce Housing-Related Health Hazards
Funding to improve methods to identify and control key residential hazards The U.S. Department of Housing and Urban Development (HUD) today awarded $5.7 million to seven universities and public health organizations to improve our understanding of the longer-term impact of housing interventions targeting lead and other residential hazards, such as from pests, injury hazards, and…
HUD: Rental Assitance Demonstration Conversion Closed in Cookeville, TN to Support 48 New Affordable Rental Homes
Transaction with Highlands Residential Services is first phase of redevelopment effort to preserve almost 500 deeply affordable homes within growing area. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing is announcing today that it recently closed a Rental Assistance Demonstration (RAD) transaction with Highlands Residential Services (HRS), the Housing Authority in…
HUD: Unprecedented $379 Million in Choice Neighborhoods Funding Announced
HUD’s Signature Place-Based Program Available to Cities of All Sizes The U.S. Department of Housing and Urban Development (HUD) today announced the availability of an historically-high $379 million in Choice Neighborhoods Implementation (CNI) Grants to communities across the country. The CNI Grants will transform public and other HUD-assisted housing, as well as surrounding neighborhoods. Public housing authorities,…
HUD: $5 Million Funding Opportunity Announced to Support Housing and Infrastructure Investments in Disadvantaged Communities
The U.S. Department of Housing and Urban Development (HUD) today announced the availability of $5 million through the Thriving Communities Technical Assistance program. The Thriving Communities program will help strengthen local capacity to align transformational infrastructure projects funded by the Bipartisan Infrastructure Law with other crucial investments, such as affordable housing. “Affordable housing investments must…
HUD: FHA Insures $46.9 Million Mortgage to Preserve Affordable Housing in Chicago, IL
Insurance endorsement provided by FHA preserves 272 affordable rental homes at Barbara Jean Wright Court Apartments The Federal Housing Administration (FHA) announced today that it has recently closed on a $46.9 million loan insured under FHA’s 221(d)(4) Substantial Rehabilitation Insurance program for Barbara Jean Wright Court Apartments in Chicago, Illinois. Through FHA-insured affordable mortgage financing…
EDA: 51 “Build to Scale” Grants Totaling $47 Million Announced to Fuel Innovation and Tech-Based Economic Development
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding 51 “Build to Scale” grants – totaling $47 million – to organizations that support technology entrepreneurs, catalyze innovation and fuel economic growth. EDA’s “Build to Scale” program provides annual grants that aim to accelerate technology entrepreneurship by increasing inclusive access to entrepreneurial…