HUD: $10 Million in Capacity Building Grants for Rural America Announced

Grants help national non-profits build capacity to create affordable housing and stimulate community development in rural areas The U.S. Department of Housing and Urban Development (HUD) today awarded $10 million in capacity-building grants to five national non-profit organizations which will, in turn, fund rural housing development organizations, Community Development Corporations […]

FHFA: Fannie Mae’s and Freddie Mac’s Duty to Serve Underserved Markets Plans for 2021 Announced

The Federal Housing Finance Agency (FHFA) today published the 2021 Underserved Markets Plans for Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) program.  The Plans became effective January 1, 2021. FHFA issued a final rule in 2016 that implemented the DTS provisions as mandated by the Housing […]

HUD: Nearly $5 Million Awarded for Revitalization Plans in Eleven Neighborhoods

 U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today awarded nearly $5 million to eleven communities to help create plans to redevelop severely distressed HUD assisted housing and revitalize neighborhoods. Funded through HUD’s Choice Neighborhoods program, these grants will help local leaders craft comprehensive, homegrown plans to revitalize […]

FHFA: 2021 Affordable Housing Goals for Fannie Mae and Freddie Mac Announced

Also publishing an advance notice of proposed rulemaking seeking input on future housing goals rulemaking Today, the Federal Housing Finance Agency (FHFA) announced its 2021 affordable housing goals for Fannie Mae and Freddie Mac (the Enterprises). Due to the economic uncertainty related to the COVID-19 national pandemic, FHFA is announcing […]

HUD: $54.7 Million in Grants Awarded to Expand Development of New Rental Housing for Extremely Low-Income Persons with Disabilities

The U.S. Department of Housing and Urban Development today announced the award of over $54.7 million in capital advance and project rental assistance grants to 15 organizations, to expand the supply of affordable rental housing for extremely low-income persons with disabilities. The capital advance awards will support integrated affordable housing […]

HUD: Recovery Housing Program to Aid Americans Recovering from Substance Abuse Launched

The pilot program would provide housing and stability to those who are currently in recovery from substance abuse disorder U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced the publication of the Notice for HUD’s pilot Recovery Housing Program (RHP). The program was authorized by the SUPPORT Act […]

FHFA: 2021 Multifamily Loan Purchase Caps for Fannie Mae and Freddie Mac Announced

50 Percent of Cap Must be Mission-driven, Affordable Housing and Manufactured Housing Community Tenant Protections Added The Federal Housing Finance Agency (FHFA) today announced that the 2021 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be $70 billion for each Enterprise. The cap structure allows […]

HUD: Manufactured Housing Safety and Affordability Strengthened with Revised Minimum Payments for State Oversight Programs

Final rule published today provides more equitable HUD funding for State Administrative Agencies The Department of Housing and Urban Development (HUD) published today a final rule in the Federal Register which provides a revised structure for the payments HUD makes to states participating as State Administrative Agencies in the manufactured housing program. State Administrative […]