Affordable Housing

HUD: $18.7 Million Transaction Closed to Preserve Affordable Rental Homes for Pittsburgh Families

Today, the U.S. Department of Housing and Urban Development’s Office of Multifamily Housing Programs announced the recent completion of a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of the City of Pittsburgh (HACP). The transaction will enable the city of Pittsburgh to rehabilitate and preserve nearly 90 affordable rental homes at Manchester Commons,…

FHFA: Input Requested on Application Process for Federal Home Loan Bank Affordable Housing Program

The Federal Housing Finance Agency (FHFA) today issued a Request for Input (RFI) on opportunities to improve the Federal Home Loan Banks’ (FHLBanks) processes for members and project sponsors to apply for Affordable Housing Program (AHP) funding. “FHFA’s efforts to streamline the AHP application process should improve the FHLBanks’ ability to provide much needed funding…

FHFA: Public Input Sought on Fannie Mae’s and Freddie Mac’s Proposed Duty to Serve Underserved Market Plans for 2025-2027

The Federal Housing Finance Agency (FHFA) today issued a request for input (RFI) on the proposed 2025-2027 Underserved Markets Plans (Plans) submitted by Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) program. The proposed Plans cover the period from January 1, 2025, to December 31, 2027. “Providing sustainable liquidity for affordable housing…

HUD: $14.8 Million Transaction Closed to Build New Affordable Rental Homes in Chapel Hill, NC

Transaction supports the construction of 54 new affordable homes  CHAPEL HILL – Today, the U.S. Department of Housing and Urban Development’s Office of Multifamily Housing Programs announced the recent completion of a Rental Assistance Demonstration (RAD) transaction with the Town of Chapel Hill Department of Housing. Through the transaction, the Town of Chapel Hill contracted with…

HUD: New FHA Loan Program Launched to Invest in Manufactured Home Communities

New program offers affordable financing for organizations to purchase or refinance and revitalize manufactured home communities to lower housing costs across the country. Today, the U.S. Department of Housing and Urban Development, through the Federal Housing Administration (FHA), announced the launch of its new Manufactured Home Community loan product, which will provide an FHA-insured financing option for…

HUD: Agency Celebrates Annual National Homeownership Month

The June celebration reinforces the Biden-Harris Administration’s commitment to supporting affordable homeownership and lowering housing costs for American families. Today, the U.S. Department of Housing and Urban Development (HUD) joined President Joe Biden to celebrate June as the 22nd Annual National Homeownership Month. During National Homeownership Month, HUD is proud to double down on its ongoing leadership and…

HUD: $78 Million Made Available to Help Homeless Veterans Find Permanent Housing

Today, The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) is making $78 million available in HUD-Veterans Affairs Supportive Housing (HUD-VASH) vouchers to Public Housing Agencies (PHAs) across the country, for over 7,000 vouchers. Through this program, HUD and VA’s mission is to end homelessness by assisting…

HUD: $150 Million Made Available for Affordable Housing in Tribal Communities

Funding focuses on the construction of new homes, housing rehabilitation, and support for low-income families across Indian Country. Today, the U.S. Department of Housing and Urban Development (HUD) announced the availability of $150 million in funding. This funding is designated for affordable housing projects benefiting low-income families in American Indian and Alaska Native communities through…

HUD: $5 Million Made Available for Historically Black Colleges and Universities to Conduct Housing and Community Development Research

The U.S. Department of Housing and Urban Development (HUD) released a $5 million notice of funding opportunity (NOFO) to fund research at one or more Research Centers of Excellence at Historically Black Colleges and Universities (HBCUs). The funded Centers will conduct research projects on topics of strategic interest to HUD and produce research that provides evidence-based solutions…

HUD: Proposed Rulemaking Issued to Modernize the Country’s Largest Affordable Housing Grant Program, Making Housing More Accessible for Families Nationwide

The Notice of Proposed Rulemaking for HUD’s HOME Investment Partnerships Program would boost housing supply, support homeownership, and reduce burden on states and local governments.  The U.S. Department of Housing and Urban Development (HUD) published a preview of a Notice of Proposed Rulemaking to modernize regulations for the HOME Investment Partnership Program (HOME), with publication…