HUD: More Than $652 Million Awarded for Affordable Housing Activities in Native American Communities
Funds support development and operation of low-income housing Today, the U.S. Department of Housing and Urban Development (HUD) announced more than $652 million in Indian Housing Block Grant (IHBG) formula funding for eligible Native American Tribes and Tribally Designated Housing Entities (TDHEs) to carry out affordable housing activities in tribal communities. View a complete list of nearly 600…
HUD: $5.5 Billion in Grants Awarded to Local Communities for Affordable Housing and to Serve Individuals and Families
The U.S. Department of Housing and Urban Development (HUD) today announced $5.5 billion in funding to local programs throughout the country that provide affordable housing, community development and economic opportunity, and support to individuals and families experiencing homelessness. View a complete list of all the communities who received funding. “These core programs provide our local partners…
FHFA: U.S. House Prices Rise 10.8 Percent over the Last Year; Up 3.8 Percent in the Fourth Quarter
U.S. house prices rose 10.8 percent from the fourth quarter of 2019 to the fourth quarter of 2020 according to the Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices were up 3.8 percent compared to the third quarter of 2020. FHFA’s seasonally adjusted monthly index for December was up 1.1 percent from November. “House prices nationwide recorded the…
CDFI Fund: $175.35 Million in Awards for Affordable Housing Nationwide Announced
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 48 organizations $175.35 million today to finance the development of affordable housing and community facilities in low-income communities. These awards were made through the fiscal year (FY) 2020 round of the Capital Magnet Fund, and will support financing for the preservation,…
HUD: $38.8 Million in Loan Guarantee Assistance Announced for the District of Columbia for Affordable Housing Projects
Funds will support and preserve affordable housing in the Washington, DC area The U.S. Department of Housing and Urban Development (HUD) today announced that the Department of Housing and Community Development (DHCD) in Washington, DC will receive a $38.8 million loan guaranteed by HUD to fund a variety of affordable housing rehabilitation projects that will…
HUD: Final Rule Published to Expand Availability of Affordable Manufactured Housing
Key step finalized today updates Manufactured Housing Construction and Safety Standards to eliminate decades-old regulatory barriers while protecting safety The U.S. Department of Housing and Urban Development published a final rule on January 12, 2021 in the Federal Register which revises the federal Manufactured Home Construction and Safety Standards Act of 1974. The final rule represents the…
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 (CDCs), Community Housing Development Organizations…
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 and Economic Recovery Act of…
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 and transform these neighborhoods. “Today’s…
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 the benchmarks for calendar year…