CDFI Fund: FY 2023 CDFI Bond Guarantee Program Application Period Opens
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2023 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in bond guarantee authority is available for Eligible Community Development Financial Institutions (Eligible CDFIs) in FY 2023. Through the CDFI…
HUD: $486 Million in Grants and $43 Million for Stability Vouchers Announced to Address Unsheltered and Rural Homelessness
Sixty-two communities in total will receive grants and vouchers to implement coordinated approaches to addressing unsheltered homelessness and homelessness in rural areas WASHINGTON – Today, the U.S. Department of Housing and Urban Development (HUD) is announcing the second set of communities to receive grants and housing vouchers to address homelessness among people in unsheltered settings…
HUD: $30.3 Billion Announced for Housing Authorities to Provide Affordable Housing
U.S. Department of Housing and Urban Development (HUD) today announced the availability of $30.3 billion for the Housing Choice Voucher (HCV) Program for 2023. This historic, $2.9 billion (10.5 percent) increase over the prior year will help Public Housing Authorities (PHAs) address recent inflation in rents and enable more low-income families to use housing vouchers…
HUD: FHA Seeks Feedback on Proposed Changes to Increase Access to Affordable Financing for Properties with Accessory Dwelling Units
Proposed policy changes would expand the use of affordable FHA-insured financing for homes with Accessory Dwelling Units as part of Biden-Harris Administration’s Housing Supply Action Plan. Today, the Federal Housing Administration (FHA) published for feedback a draft update to its requirements for insuring mortgages on single family homes with Accessory Dwelling Units (ADUs). The proposal adds additional…
FHFA: Final Rule Announced Amending the Enterprise Duty to Serve Underserved Markets Regulation
Enterprise activities in all colonia census tracts are eligible for Duty to Serve credit The Federal Housing Finance Agency (FHFA) today published a final rule to amend the Enterprise Duty to Serve Underserved Markets regulation. The final rule allows Fannie Mae and Freddie Mac’s (together, the Enterprises) activities in all colonia census tracts to be…
HUD: $98 Million Awarded in Choice Neighborhoods Implementation Grants and New $10 Million Funding Opportunity Opened for Local Planning Efforts
HUD’s Signature Place-Based Program Continues to Invest in “Housing, People, and Neighborhoods” Nationwide U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge today announced “Supplemental Grant” awards for Choice NeighborhoodsImplementation Grantees totaling more than $98 million. In addition, HUD is opening a notice of funding opportunity (NOFO) for $10 million to support local planning…
HUD: Action Taken to Highlight and Research Land Use and Zoning Reforms
Today, the U.S. Department of Housing and Urban Development (HUD) released a new publication that summarizes the effects of restrictive land use policies on housing supply, location and affordability in addition to highlighting reforms that state and local governments can adopt to increase the supply of housing. This land use and zoning-focused brief is the…
FHFA: Updated Equitable Housing Finance Plans for Fannie Mae and Freddie Mac Announced
Agency also releases updated Enterprise fair lending data The Federal Housing Finance Agency (FHFA) today announced updates to Fannie Mae and Freddie Mac’s (the Enterprises) Equitable Housing Finance Plans for 2023. The updates build upon the inaugural plans first announced last year and make adjustments based on initial research and findings. The Equitable Housing Finance…
HUD: Waivers Announced to Help Mississippi Communities Recover from Storms and Tornadoes
Announcement Represents Collections of Regulatory and Administrative Waivers Issued by HUD at One Time Secretary Fudge: Waivers “Build on HUD’s Continued Post-Disaster Efforts and Unprecedented Aid from the Biden-Harris Administration” The U.S. Department of Housing and Urban Development (HUD) today announced a package of 29 regulatory and administrative waivers aimed at helping communities in Mississippi accelerate their…