Affordable Housing

HUD: Treasury & HUD Extend Initiatives to Finance the Construction and Rehabilitation of Affordable Rental Homes for Low-Income Families

Extension of risk-sharing initiative will create or rehabilitate more than 38,000 new rental homes over the next 10 years for low-income families, seniors, and persons with disabilities. Today, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury (Treasury) announced that they will indefinitely extend the Section 542(c) Housing Finance…

HUD: New Funding Actions Announced to Support Affordability for Manufactured Homes and Communities

HUD launches a first-of-its-kind federal funding opportunity of $225 million, alongside financing enhancements, to support owners of manufactured homes, ensure affordability, and revitalize communities. The U.S. Department of Housing and Urban Development (HUD) is announcing today a sweeping set of new actions that will increase the availability and affordability of manufactured homes, through new opportunities…

FHFA: $301 Million Announced for Affordable Housing Programs

Funds disbursed to Housing Trust Fund and Capital Magnet Fund Today, the Federal Housing Finance Agency (FHFA) announced that the Housing Trust Fund and Capital Magnet Fund will receive approximately $301 million for affordable housing initiatives from Fannie Mae and Freddie Mac (the Enterprises). “Affordable housing is one of the greatest challenges facing communities across…

HUD: $14 Million Awarded to Help Homeless Veterans Find Permanent Housing

In an effort to help homeless veterans and their families find permanent housing, The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) awarded $14 million in HUD-Veterans Affairs Supportive Housing (HUD-VASH) vouchers to 66 Public Housing Agencies (PHAs) across the country for over 1,400 vouchers. Please see…

HUD: Nearly $4 Million Awarded to Study Innovative Ways to Boost Housing Supply Including Office-to-Residential Conversions

Funds will fill critical knowledge gaps, help local leaders leverage off-site construction, land use and zoning reforms, and office-to-residential conversions to meet their housing needs. The U.S. Department of Housing and Urban Development (HUD) announced nearly $4 million in awards to eleven grantees to support research that will fill crucial knowledge gaps and help build…

HUD: Final Four Teams Announced in 2024 Innovation in Affordable Housing Student Design and Planning Competition

Graduate student teams at UC-Berkeley, UMD-College Park, and Harvard University advance in HUD design challenge The U.S. Department of Housing and Urban Development (HUD) is pleased to announce the four finalist student teams that will present their final projects as part of HUD’s eleventh annual Innovation in Affordable Housing Student Design and Planning Competition (IAH). For the…

HUD: $115 Million Available to Support Housing for Seniors

Deputy Secretary Todman announced the funds in Philadelphia, PA as a part of the Biden-Harris Administration’s “Investing in America” tour, aiming to create and improve affordable rental homes for elderly Americans. Today, as a part of the Biden-Harris Administration’s “Investing in America” tour, U.S. Department of Housing and Urban Development (HUD) Deputy Secretary Adrianne Todman…

CDFI Fund: Capital Magnet Fund Funding Round for FY 2024 Opens

Today the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2024 funding round for the Capital Magnet Fund.  Through the Capital Magnet Fund, the CDFI Fund competitively awards funds to Community Development Financial Institutions (CDFIs) and qualified non-profit housing organizations. These awards can be used to…

HUD: $2 Million Awarded to Revitalize Smaller Communities and Develop Affordable Housing

Grants will rejuvenate older downtown business districts and develop affordable housing while retaining the area’s historic character. Today, the U.S. Department of Housing and Urban Development (HUD) announced that a total of three grantees will receive an award for a combined $2 Million in 2023 Hope VI Main Street grants. These grants will assist small…

HUD: Housing Assistance Opportunities Expanded for Native Hawaiian Families

Final rule makes rental assistance and affordable housing opportunities more available under the Native Hawaiian Housing Block Grant Program. Today, the U.S. Department of Housing and Urban Development (HUD) issued a final rule to expand affordable housing opportunities in the form of rental assistance to Native Hawaiian families under the Department’s Native Hawaiian Housing Block…