Federal Reserve: Announcing the Puerto Rico Nonprofit Leadership Development Initiative
The Puerto Rico Nonprofit Capacity Building Network, a collaboration among Enterprise Community Partners (Enterprise), NeighborWorks America (NeighborWorks) and Fundación Comunitaria de Puerto Rico (FCPR), today announced the six Puerto Rico nonprofits selected for the inaugural cohort of the Puerto Rico Leadership Development Initiative. The six nonprofits, representing all major regions across the island, will each receive a $35,000 grant, technical assistance, one-to-one staff mentoring, peer learning…
HUD: Nearly $120 Million Awarded to Tribes Across the Nation for Economic and Housing Development
111 projects will support economic and housing development for Native American Families This week, the U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced nearly $120 million in Indian Community Development Block Grant (ICDBG) awards to Tribes across the Nation. The ICDBG program provides funding to use in developing American Indian and Alaska Native…
HUD and Census Bureau: Findings of Rental Housing Finance Survey Released
Survey Finds Nearly Half of Rental Units are in Rental Properties with Four or Fewer Units Of the 48.2 million rental housing units, nearly 49 percent are located in rental properties of one to four units, according to the latest Rental Housing Finance Survey (RHFS) data released today by the U.S. Department of Housing and Urban Development…
FHFA: Final Rule Published on the FHLBank’s Housing Goals
Rule provides greater availability of mortgage financing for underserved borrowers To help underserved borrowers, the Federal Housing Finance Agency (FHFA) today sent to the Federal Register for publication a final rule on the Federal Home Loan Banks’ (FHLBanks) Housing Goals. The new goals take effect in 2021 and enforcement of the rule will be phased…
ABA: Foundation Highlights Housing Relief Resources in Recognition of American Housing Month
In the wake of the COVID-19 pandemic, millions of Americans have found themselves facing financial hardship and struggling to make monthly housing payments. While relief options are available to homeowners and renters alike, it can be difficult to know where to look for information. To help consumers navigate this challenging situation, and in recognition of…
HUD: More than $75 Million in Fourth Wave of CAREs Act Funding Allocated to Assist People Living with Disabilities
Fourth wave of relief funds provides additional housing choice vouchers to public housing authorities Today, the U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson announced nearly $77 million in a fourth wave of CARES Act funding, supporting up to 8,300 additional vouchers. Provided through HUD’s Section 811 Mainstream Housing Choice Voucher Program, this…
HUD: Third Wave of CAREs Act Funding Provides $1 Billion for Communities
Third wave of relief funding targeted for states and insular areas The U.S. Department of Housing and Urban Development Secretary Ben Carson today announced the allocation of a third wave in CARES Act coronavirus relief funding. This wave totaling $1 billion is through the Community Development Block Grant (CDBG) program. To date, HUD has provided over $3…
HUD: Pandemic Underscores Need for HUD’s Foster Youth Housing Program; Department Allocates New Funding to Six States
Foster Youth to Independence Initiative has now issued over $1.1 million in funding U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson today announced $100,000 in the latest installation of grants for HUD’s new Foster Youth to Independence (FYI) Initiative. Six housing authorities will receive this funding, continuing HUD’s efforts to assist young adults…
ABA: Foundation Encourages Banks to Submit Nominations for Annual Community Commitment Awards
The ABA Foundation is seeking submissions for its eighth annual Community Commitment Awards. The awards, one of the industry’s highest honors for extraordinary bank commitment to communities, recognizes innovative, high-impact programs that improve the quality of life for the customers and communities banks serve. The entry period ends July 1. “Now more than ever, America’s banks…
HUD: $130 Million Awarded to Revitalize Four Neighborhoods
Federal investments expected to attract more than a $1.5 billion in additional funding for neighborhood reinvestment Today, the U.S. Department of Housing and Urban Development (HUD) announced four communities across the country will receive a combined $130 million to redevelop severely distressed public housing and to revitalize surrounding neighborhoods. Provided through HUD’s Choice Neighborhoods Initiative,…