HUD: More Than $6.5 Million Invested to Modernize Rental Homes for Families in Wisconsin, Maryland, and New Hampshire
Newly closed Green and Resilient Retrofit Program transactions will fund crucial repairs and energy efficiency and climate resilience improvements. Today, the U.S. Department of Housing and Urban Development (HUD) announced the recent closing of three Green and Resilient Retrofit Program (GRRP) transactions to help finance energy efficiency and climate resilience improvements for affordable rental homes…
FHFA: Enterprises’ Three-Year Plans Unveiled to Improve Housing Opportunities for the Underserved
Fannie Mae and Freddie Mac will expand their focus on rural communities among other activities outlined in blueprints aimed at advancing equitable housing access in markets and communities facing persistent challenges. Fannie Mae and Freddie Mac (the Enterprises) will seek to extend housing access in rural underserved markets, enhance their support for manufactured housing, and…
HUD: $1.3 Million Announced to Prevent Homelessness
Funding will support housing assistance for young adults transition out of foster care. Today, the U.S. Department of Housing and Urban Development (HUD) announced $1.3 million in funding for 21 Public Housing Agencies (PHAs) across 15 states for young adults under 25 years old who left foster care or are transitioning out of foster care….
HUD: Nearly $4 Million Invested to Improve Housing for New Brunswick Families
New award will make significant climate resilience and energy efficiency renovations. Today, the U.S. Department of Housing and Urban Development (HUD) highlighted a $3,920,000 award to Lord Stirling Senior Housing in New Brunswick, New Jersey, under its Green and Resilient Retrofit Program (GRRP) to support significant energy efficiency and climate resilience renovations for 38 HUD-subsidized homes. This Comprehensive loan…
HUD: $73 Million Awarded to Support Grantees with Vital Technical Assistance
Funding will provide technical assistance and capacity-building for HUD grantees, local governments, and community organizations nationwide. The U.S. Department of Housing and Urban Development (HUD) will award $73 million in cooperative agreements under the Community Compass Technical Assistance and Capacity Building Program (Community Compass) to 34 non-profit and for-profit organizations, including 6 new organizations to help HUD…
HUD: Agency Successfully Delivers More Than $1.4 Billion in Housing Investments from Inflation Reduction Act
Final round of funding means families in 42 states, D.C., and Puerto Rico will see crucial climate resilience and energy efficiency renovations. The U.S. Department of Housing and Urban Development (HUD) today announced the final round of its Green and Resilient Retrofit Program, marking the successful delivery of more than $1.43 billion from President Joe Biden’s…
FHFA: Fannie Mae and Freddie Mac Expand Support for Rental Housing
The Federal Housing Finance Agency announced higher caps for 2025 that allow the Enterprises to purchase up to $146 billion in multifamily loans and will continue to exempt workforce housing from the limit The Federal Housing Finance Agency (FHFA) will allow greater rental housing support from Fannie Mae and Freddie Mac (the Enterprises) by raising…
HUD: In 2024, FHA Supported Homeownership for More Than 790,000 Americans
Annual Report to Congress shows the Biden-Harris Administration has removed barriers to homeownership and helped borrowers with hardships while maintaining a well-capitalized Mutual Mortgage Insurance Fund Today, the U.S. Department of Housing and Urban Development (HUD) announced that through the Federal Housing Administration (FHA), in 2024, HUD served more than 790,000 people. This announcement is…
HUD: Over $37 Million Delivered to Build and Preserve Affordable Housing in Reno, NV
Newly announced transaction supports the construction and rehabilitation of 150 affordable homes for low-income individuals and families. Today, the U.S. Department of Housing and Urban Development announced the completion of a $37 million Rental Assistance Demonstration (RAD) transaction with the Reno Housing Authority to expand affordable housing options for low-income individuals and families. This transaction…
HUD: Nearly $4.8 Million Announced to Support Homeless North and South Carolinians After Hurricane Helene
Funding to provide shelter for homeless families. The U.S. Department of Housing and Urban Development (HUD) today announced nearly $4.8 million to support people experiencing homelessness in communities across North Carolina and South Carolina recovering from Hurricane Helene. Through HUD’s Rapid Unsheltered Survivor Housing (RUSH) program, funding will be allocated to Winston-Salem, NC ($548,000); Charlotte,…