HUD: $3.16 Billion in Homelessness Assistance Funding Awarded to Communities Nationwide
Grant awards to over 7,000 projects represent the largest amount of annual federal funding provided through HUD’s Continuum of Care program in history, expanding housing and services projects for people experiencing homelessness, including survivors of domestic violence, dating violence, stalking, and sexual assault The U.S. Department of Housing and Urban Development (HUD) announced nearly $3.16…
HUD: $150 Million in Funding Available to Tribal Communities for New Affordable Housing
Funds focus on new home construction in Tribal Communities. This past week, the U.S. Department of Housing and Urban Development (HUD) announced that it will make available $150 million in funding for affordable housing projects that benefit low-income families in American Indian and Alaska Native communities. “Strong investments in Tribal communities help ensure residents can…
FHFA: Increase in the Enterprises’ LIHTC Cap Announced
Projects must remain affordable for 30 years. Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will each be allowed to invest up to $1 billion annually in the Low-Income Housing Tax Credit (LIHTC) market as equity investors, beginning in 2024. The Enterprises will also adjust their LIHTC…
HUD: Agency Closes 2023 with Historic Investments in Housing
Biden-Harris Administration and HUD mark milestones in first-time homeownership, taking on racial discrimination in housing, delivering rental assistance, and building climate-resilient homes, and advancing a more equitable housing finance system. When this Administration began, conditions were bleak. Amidst the COVID-19 pandemic, millions of Americans could not access quality, safe, and affordable housing options. Three years…
HUD: $40 Million Funding Opportunity Announced to Expand Support Services for Seniors and Persons with Disabilities
Funding provides service coordinator staff that connect residents in affordable multifamily homes with vital resources The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced today that $40 million in funding is available to expand the supply of service coordinators who support seniors and persons with disabilities living in affordable…
HUD: In 2023, HUD Helped More Than 424,000 Households Connect to Homeless Support Servies, Exit or Avoid Homelessness
New Biden-Harris Administration programs and efforts are increasing the number of people who exit homelessness into permanent housing in the last two years From January 2023 through December 2023, the U.S. Department of Housing and Urban Development (HUD) is projected to serve 330,000 people through grants provided to homeless service organizations (Continuums of Care), an…
HUD: $25 Million Awarded to Public Housing Agencies to Expand More Housing Choices to Families
Awards to Public Housing Agencies will provide support to families with Housing Choice Vouchers to maximize housing and neighborhood choice. Today, the U.S. Department of Housing and Urban Development (HUD) announced $25 million in Housing Mobility-Related Services awards to 7 Public Housing Agencies (PHAs) across the country. These funds are designed to expand housing choices…
HUD: Agency Reiterates Role of Housing as a Social Determinant of Health and Critical to Advance Health Equity
Biden-Harris Administration takes new actions to address the root causes of health disparities and foster interagency collaboration to ensure that all Americans can live a healthier life The Biden-Harris Administration announced today the U.S. Playbook to Address Social Determinants of Health, a comprehensive set of actions to better social determinants of health (SDOH), which affect the…
HUD: Affordable Rental Homes in Newport News, VA Preserved and Rehabilitated
$6 million transaction supports revitalization and preservation of 40 affordable housing units for low-income residents The U.S. Department of Housing and Urban Development (HUD) announced today that it has closed a Rental Assistance Demonstration (RAD) transaction with the Newport News Redevelopment and Housing Authority (NNRHA) at Orcutt Townhomes. This transaction allows NNRHA to substantially rehabilitate…
HUD: FHA Helps Over 765,000 Families Buy Homes and Maintains a Strong Insurance Fund
Annual Report to Congress for fiscal year 2023 highlights impact of insurance premium reduction, assistance for approximately two million struggling homeowners, and a well-capitalized Mutual Mortgage Insurance Fund. The Federal Housing Administration (FHA) published today its annual report to Congress describing the work of its Single Family mortgage insurance programs in fiscal year 2023 and the performance…