HUD: Section 202 Project Rental Assistance Renewal Contract Term Increases Announced
New, five-year rental assistance renewal contract terms reduce administrative barriers within program supporting housing for low-income seniors. The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced its intent to begin issuing Section 202 Project Rental Assistance Contracts (PRACs) with renewal terms of up to five years rather than the one-year terms…
HUD and Census Bureau: New American Housing Survey Released
2021 Survey Provides Insights on Housing From the Height of the Pandemic In general, 2020 and 2021 were good for homeowners but presented challenges for many renters. That’s according to the new 2021 American Housing Survey released today by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. Every two…
FHFA: New Rule Proposed to Help Enterprises Better Serve Colonias
Amendments will remove barriers to Enterprise Duty to Serve activities in high-needs rural regions The Federal Housing Finance Agency (FHFA) today proposed to amend the Agency’s Duty to Serve (DTS) Underserved Markets regulation to facilitate Fannie Mae and Freddie Mac’s (the Enterprises) activities related to serving colonias. “FHFA is committed to promoting affordability, equity, and…
HUD: $5 Million Awarded to Modify and Repair Low-Income Veterans’ Homes
Funding Expected to Support 330 Veterans with Low Incomes and Disabilities The U.S. Department of Housing and Urban Development (HUD), in partnership with the U.S. Department of Veterans Affairs, today awarded $5 million in $1 million allotments to five non-profits in support of the Veterans Housing Rehabilitation and Modification Pilot Program (VHRMP). The awardees of…
HUD: Eighteen Public Housing Authorities Selected for New Asset Building Moving to Work Demonstration Cohort
Asset Building Cohort a Key Component of Secretary Fudge’s Economic Justice Agenda The U.S. Department of Housing and Urban Development (HUD) on September 27, 2022 announced the Asset Building cohort of the expansion of the Moving to Work (MTW) Demonstration Program. Through this cohort, HUD will evaluate asset building activities that encourage the creation and…
FHFA: Annual Report on Low-Income Housing and Community Development Activities at the FHLBs Released
Today, the Federal Housing Finance Agency (FHFA) released its annual report on the low-income housing and community development activities of the Federal Home Loan Banks (FHLBanks). The report highlights the FHLBanks’ activities and performance in 2021 through the Affordable Housing Program (AHP), the Community Investment Program (CIP), and the Community Investment Cash Advance Program (CICA)….
HUD: Public Input Sought on Design of New Green and Resilient Retrofit Program for Multifamily Assisted Housing Properties
Part of President Biden’s landmark Inflation Reduction Act, the Green and Resilient Retrofit Program will provide funding to enhance energy efficiency and climate resiliency in HUD Multifamily assisted housing properties. The U.S. Department of Housing and Urban Development (HUD) today released a Request for Information in public inspection form in the Federal Register to obtain public input regarding the…
HUD: More Than 19,000 New Housing Choice Vouchers Announced in Most Expansive Allocation of Flexible Rental Assistance in 20 Years
U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge traveled to Falls Church, Virginia today to announce the awarding of more than 19,000 new Housing Choice Vouchers (HCVs) to almost 2,000 Public Housing Agencies (PHAs) in nearly every community across the country. This is the most expansive allocation of flexible new rental…
HUD: $180 Million in Choice Neighborhoods Implementation Grants Announced
Awardees can use grant funds to transform public and/or other HUD-assisted housing, as well as the surrounding neighborhood U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge today announced the awarding of Choice Neighborhood Implementation (CNI) Grants totaling $180 million. Secretary Fudge made the announcement in Tulsa, Oklahoma, where she presented a…
HUD: Nearly $1 Million Awarded to Keep Foster Youth Housed
17 Public Housing Agencies in 11 States Will Use Funding to Prevent Homelessness Among Youth Transitioning Out of Foster Care The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $1 million to 17 Public Housing Agencies (PHAs) in 11 states to provide housing assistance to youth who are transitioning out of foster…