HUD: $2 Million Awarded to Revitalize Smaller Communities and Develop Affordable Housing
Grants will rejuvenate older downtown business districts and develop affordable housing while retaining the area’s historic character. Today, the U.S. Department of Housing and Urban Development (HUD) announced that a total of three grantees will receive an award for a combined $2 Million in 2023 Hope VI Main Street grants. These grants will assist small…
HUD: Housing Assistance Opportunities Expanded for Native Hawaiian Families
Final rule makes rental assistance and affordable housing opportunities more available under the Native Hawaiian Housing Block Grant Program. Today, the U.S. Department of Housing and Urban Development (HUD) issued a final rule to expand affordable housing opportunities in the form of rental assistance to Native Hawaiian families under the Department’s Native Hawaiian Housing Block…
HUD: New National Challenge Encourages Participation in Locating Homes and Businesses that Lack Internet Access
The challenge process in each state and territory will determine which locations are eligible for BEAD-funded projects Today, the U.S. Department of Housing and Urban Development (HUD) is encouraging affordable housing facilities to help states and territories determine where to direct grant funding to expand high-speed Internet access by participating in the BEAD challenge process….
HUD: Almost $20 Million Awarded for Affordable Housing and Community Development in Native American Communities
Funds support development of infrastructure and community facilities Today, the U.S. Department of Housing and Urban Development (HUD) awarded nearly $20 million to 11 communities through the Indian Community Development Block Grant (ICDBG) program. These grant funds may be used for infrastructure, community buildings, housing rehabilitation, land acquisition, economic development, and more to support American…
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…