FHFA: 2021 Multifamily Loan Purchase Caps for Fannie Mae and Freddie Mac Announced
50 Percent of Cap Must be Mission-driven, Affordable Housing and Manufactured Housing Community Tenant Protections Added The Federal Housing Finance Agency (FHFA) today announced that the 2021 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be $70 billion for each Enterprise. The cap structure allows the Enterprises to offer a…
HUD: Manufactured Housing Safety and Affordability Strengthened with Revised Minimum Payments for State Oversight Programs
Final rule published today provides more equitable HUD funding for State Administrative Agencies The Department of Housing and Urban Development (HUD) published today a final rule in the Federal Register which provides a revised structure for the payments HUD makes to states participating as State Administrative Agencies in the manufactured housing program. State Administrative Agencies in 33 states are…
HUD: Rental Assistance Demonstration Generates More Than $10 Billion in Construction Activity to Preserve Affordable Housing
Today, the U.S. Department of Housing and Urban Development announced a major milestone for the Rental Assistance Demonstration (RAD) program, which has now facilitated more than $10 billion in capital investment since the program’s inception to improve or replace 140,000 public housing units – the majority of which house extremely low-income families, seniors, and persons…
HUD: $10 Million in “Sweat Equity” Grants Announced
Grants help hundreds of families work alongside non-profits to build their homes and achieve homeownership The U.S. Department of Housing and Urban Development (HUD) today awarded $10 million in “sweat equity” grants to four non-profit self-help housing organizations which will create at least 536 affordable homes for hard-working, low-income families and individuals. Funded through HUD’s…
HUD: Secretary Carson Hosts Discussion on Federal Government’s Response to Homelessness
U.S. Housing and Urban Development Secretary Ben Carson today held a roundtable in Austin, Texas, on the federal response to homelessness. Secretary Carson was joined by U.S. Interagency Council on Homelessness (USICH) Executive Director Dr. Robert Marbut and U.S. Representative Chip Roy (TX-21) for a discussion with local homelessness providers, medical experts, faith-based organization leaders,…
ABA: Seven Banks Win ABA Foundation’s 2020 Community Commitment Awards
The American Bankers Association Foundation named seven banks as 2020 Community Commitment Award winners. The annual awards recognize banks for extraordinary corporate social responsibility efforts in seven specific categories ranging from affordable housing to economic inclusion. The winners will be recognized today at ABA’s Unconventional Convention. “This has been a challenging year in so many ways, and…
HUD: More Than 800 Former Foster Youth Are Paving Their Own Way with FYI Vouchers
HUD Secretary Carson marks Foster Youth to Independence initiative milestone U.S. Housing and Urban Development Secretary Ben Carson today traveled to Denver to mark that the Foster Youth to Independence (FYI) initiative has awarded 844 vouchers in the first year of the program to former foster youth at risk of homelessness. Secretary Carson held a…
HUD: $4 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 $3.9 million in funding through the Veterans Housing Rehabilitation and Modification Pilot Program (VHRMP) to help make homes more accessible for disabled veterans. Through the VHRMP program, grantees will make necessary physical modifications to address the needs of…
HUD: “Mustard Seed Series” Virtual Workshops Launched for Faith Leaders and Congregations
Events will feature testimonies from faith leaders who have launched housing initiatives for homeless neighbors U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today launched a series of virtual workshops for faith congregations entitled, “The Mustard Seed Series”. The virtual events will feature faith organizations that have successfully created affordable housing, reduced…