CDFI Fund: FY 2023 Capital Magnet Fund Funding Round Opens
Today the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2023 funding round for the Capital Magnet Fund. Through the Capital Magnet Fund, the CDFI Fund competitively awards funds to Community Development Financial Institutions (CDFIs) and qualified non-profit housing organizations. These awards can be used to…
HUD: Rental Assistance Demonstration Conversion Closed with Housing Authority of the City of New Haven, CT as a Step in Plan to Preserve 110 Affordable Rental Homes
$16.7 million RAD transaction includes construction of 32 new affordable rental homes and a community center at Waverly Townhouses as part of second phase of Housing Authority’s re-development plan The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing is announcing today that it recently closed a Rental Assistance Demonstration (RAD) transaction with…
HUD: Rental Assistance Demonstration Conversion Closed in Albany, NY to Faciltate Creation and Rehabilitation of Affordable Rental Homes
HUD CLOSES RENTAL ASSISTANCE DEMONSTRATION (RAD) CONVERSION IN ALBANY, NY, TO FACILITATE CREATION AND REHABILITATION OF AFFORDABLE RENTAL HOMES $32 million transaction with the Albany Housing Authority will facilitate creation and preservation of 88 affordable rental homes in Steamboat Square Community. WASHINGTON, D.C. – The U.S. Department of Housing and Urban Development’s Office of Multifamily…
HUD: Rule Change on Rental Housing Assistance Proposed for Native Hawaiian Housing Block Grant Program
Proposed Rule Would Provide Clarity, Make Rental Assistance and Affordable Housing Opportunities More Available to Native Hawaiian Families This week, the U.S. Department of Housing and Urban Development (HUD) issued a proposed rule to expand rental assistance to Native Hawaiian families under the department’s Native Hawaiian Housing Block Grant (NHHBG) program. Under the proposed rule,…
HUD: Rental Assistance Demonstration Conversion Closed in Boston, MA to Preserve 445 Affordable Rental Homes
$66 million transaction with Boston Housing Authority (BHA) preserves and rehabilitates 445 public housing homes as permanently affordable housing at Mission Main. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing announced today that it recently closed a Rental Assistance Demonstration (RAD) transaction with the Boston Housing Authority (BHA) in Boston, MA,…
HUD: $24.7 Million Awarded to Provide Affordable Housing to Support Community Living for Non-Elderly People with Disabilities
Today, the U.S. Department of Housing and Urban Development (HUD) announced the award of $24.7 million to 98 local public housing authorities (PHAs) across the country to provide permanent affordable housing to non-elderly persons with disabilities. This award allows these PHAs to house up to 2,210 additional families, and further support community integration for persons with…
FHFA: 2023 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions Released
Today, the Federal Housing Finance Agency (FHFA) released the 2023 Scorecard for Fannie Mae and Freddie Mac (together, the Enterprises) and their joint venture, Common Securitization Solutions, LLC (CSS). Each year, FHFA releases an annual Scorecard to communicate and provide public awareness of its priorities and expectations for the Enterprises and CSS. “The annual Scorecard…
HUD: 2022 Year in Review
This year, Secretary Marcia L. Fudge led the U.S. Department of Housing and Urban Development (HUD) to bold action in pursuit of the agency’s mission to create strong, sustainable, inclusive communities and quality affordable homes. These actions aligned with key Biden-Harris Administration priorities, including easing the burden of housing costs, removing barriers to homeownership, expanding…
HUD: After Halting Rapid Rise in Homelessness, Plan Announced to Reduce Homelessness 25 Percent by 2025
“All In” Is the Most Comprehensive Federal Plan to Systemically Prevent Homelessness and Address Racial and Ethnic Disparities in Homelessness Today, the Biden-Harris administration released a federal plan for ending homelessness in America that starts with the ambitious goal of reducing homelessness 25% by 2025. All In: The Federal Strategic Plan to Prevent and End Homelessness builds…
HUD: Policy Development & Research to Hold Quarterly Meeting to Discuss the Effects of Institutional Investors in the Housing Market
HUD Secretary Marcia Fudge Delivers Opening Remarks Today, December 6, 2022, the U.S. Department of Housing and Urban Development (HUD) Office of Policy Development & Research (PD&R) will hold its quarterly update meeting to discuss the issues around institutional investors and their impact on housing markets across the United States. The event will include pre-recorded…