HUD: FHA Issues New Condominium Approval Rule
Comprehensive policy revisions include ability to approve individual units in nonapproved condo projects In an effort to promote affordable and sustainable homeownership, especially among credit-worthy first-time buyers, the Federal Housing Administration (FHA) today published a long-awaited final regulation, and policy implementation guidance, which establish a new condominium approval process. Designed to be flexible and responsive…
OCC: Comptroller Visits Baltimore Affordable Housing Event
Comptroller of the Currency Joseph Otting and senior staff visited an event promoting affordable and sustainable homeownership in Baltimore on Monday. The free “Achieve the Dream” event hosted by the non-profit Neighborhood Assistance Corporation of America (NACA) was part of a series the organization hosts around the country that provides counseling to potential homebuyers, helps…
HUD: $25 Million Awarded to 25 Local HIV/AIDS Housing Programs
Funding offers stable housing for individuals and families at risk of homelessness The U.S. Department of Housing and Urban Development (HUD) today announced nearly $25 million to assist more than 2,054 low-income persons living with HIV/AIDS and their families over a three-year period. The funding announced today is offered through HUD’s Housing Opportunities for Persons with…
HUD: Initiative Launches to Prevent and End Homelessness Among Young People Aging Out of Foster Care
‘FYI’ Initiative to offer housing vouchers to at-risk young people facing homelessness U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced a new initiative to target housing assistance to young people aging out of foster care and who are at extreme risk of experiencing homelessness. HUD’s new Foster Youth to Independence (FYI) Initiative will offer…
HUD: $4.8 Million Awarded to Help Low-Income Veterans Rehabilitate Their Homes
The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announced $4.8 million in funding through the Veterans Housing Rehabilitation and Modification Pilot (VHRMP) Program to assist disabled veterans with modifying or rehabilitating their homes, making them more accessible. Through the VHRMP program, grantees will make necessary physical modifications…
ABA: Experts Selected to Judge Top Banks in Corporate Social Responsibility
Deadline for Community Commitment Award entries extended to July 19 WASHINGTON — The American Bankers Association Foundation today is pleased to announce the list of national experts responsible for judging the banking industry’s 2019 Community Commitment Awards. The CCA program recognizes banks of all sizes and charters across the country for their corporate social responsibility efforts…
HUD: $150 Million Offered to Provide Affordable Housing to People with Disabilities
Funding expected to help approximately 18,000 non-elderly persons with disabilities The U.S. Department of Housing and Urban Development (HUD) is offering $150 million in grants to provide affordable housing to approximately 18,000 non-elderly persons living with disabilities. Read HUD’s funding notice. HUD’s Mainstream Housing Choice Voucher Program provides funding to public housing agencies to assist non-elderly persons with…
HUD: Secretary Ben Carson to Chair White House Council on Affordable Housing
Today, President Donald Trump signed an Executive Order establishing the White House Council on Eliminating Barriers to Affordable Housing, and named Housing and Urban Development (HUD) Secretary Ben Carson as its chairperson. The Council will consist of members across eight Federal agencies and engage with State, local, and tribal leaders across the country to identify…
CDFI Fund: FY 2019 Capital Magnet Fund Funding Round Opens
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened today the fiscal year (FY) 2019 funding round for the Capital Magnet Fund. Through the Capital Magnet Fund, the CDFI Fund competitively awards funds to CDFIs and qualified non-profit housing organizations. These awards can be used to finance affordable housing activities,…
HUD: $63 Million Awarded to Support Affordable Housing and Community Development in 85 Tribal Communities
The U.S. Department of Housing and Urban Development (HUD) today awarded $63 million to 85 Native American communities throughout the country to improve housing conditions and stimulate community development for residents, including funding construction projects that generate local job opportunities. HUD’s Indian Community Development Block Grant (ICDBG) Program supports a wide range of community development and affordable…