HUD: $231,000 Invested to Install Solar on Rental Homes for Calais, ME Seniors
Newly closed Green and Resilient Retrofit Program transaction will fund installation of rooftop solar system. Today, the U.S. Department of Housing and Urban Development’s (HUD) announced the closing of a $231,623 Green and Resilient Retrofit Program (GRRP) transaction to help finance energy efficiency and climate resilience improvements for affordable rental homes at the St. Croix…
HUD: Veteran Homelessness Drops to Lowest on Record
Today, the U.S. Interagency Council on Homelessness (USICH), U.S. Department of Housing and Urban Development (HUD), and U.S. Department of Veterans Affairs (VA) announced that veteran homelessness has dropped to its lowest level on record since the annual Point-in-Time (PIT) started counting this data in 2009. The 2024 PIT data-which will be published by HUD…
FHFA: FHLB Bank Parnterships with Fannie Mae and Freddie Mac Announced to Expand Housing Access for Tribal Communities
The Federal Housing Finance Agency (FHFA) today announced two partnerships involving Fannie Mae, Freddie Mac, and Federal Home Loan Banks (FHLBanks) to boost awareness and liquidity for programs that expand housing access for tribal communities. In one partnership, the FHLBank of Des Moines will promote a Freddie Mac mortgage product intended to improve credit access…
HUD: Aid Offered to Juneau, Alaska Disaster Victims
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for the state of Alaska and ordered federal aid to supplement state, Tribal, and local recovery efforts in the areas affected by flooding from August 5 to August 6, 2024. President Biden issued a major disaster declaration in the City…
HUD: Aid Offered to U.S. Virgin Island Disaster Victims
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for the U.S. Virgin Islands and ordered federal aid to supplement territory and local recovery efforts in the areas affected by Tropical Storm Ernesto from August 13 to August 16, 2024. President Biden issued a major disaster declaration in the…
HUD: $3.2 Million Invested to Improve Housing for Savannah Families
HUD highlights significant climate resilience and energy efficiency renovations. Today, the U.S. Department of Housing and Urban Development (HUD) highlighted a $3.2 million award to Savannah Gardens Senior Residences in Savannah, Georgia under its Green and Resilient Retrofit Program (GRRP) to support significant energy efficiency and climate resilience renovations for more than 39 rental homes. This Comprehensive grant will…
CDFI Fund: U.S. Department of the Treasury’s CDFI Fund and Federal Housing Finance Agency Collaborate to Bolster CDFI Access to Capital
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) and the Federal Housing Finance Agency (FHFA) announced the establishment of a Working Group to increase capital for affordable housing lending from the Federal Home Loan Banks. The group will advance the Biden-Harris Administration’s priority of expanding the supply of affordable…
FHFA: Agency Simplifies Process for Nonprofits and Other Project Applicants to Receive FHLB Funding for Affordable Housing
The Federal Housing Finance Agency released an Advisory Bulletin responding to concerns from affordable housing sponsors that procedures for obtaining subsidies from the Federal Home Loan Banks are too burdensome The Federal Housing Finance Agency (FHFA) today issued an Advisory Bulletin (AB) that simplifies the process for project sponsors to receive Federal Home Loan Bank…
HUD: $72 Million Announced to Help End Youth Homelessness in America
Funding will support actions to end youth homelessness by expanding housing opportunities supportive services in 11 states Today, the U.S. Department of Housing and Urban Development (HUD) announced $72 million to fund youth homelessness housing across 14 communities, including five rural communities. This funding, through HUD’s Youth Homelessness Demonstration Program (YHDP), will support various housing…
HUD: $12 Million Announced to Lower Housing Costs and Expand Access to Affordable Homeownership
Funding will allow local organizations to develop affordable housing and create homeownership opportunities for low-income Americans Today, the U.S. Department of Housing and Urban Development (HUD) announced the availability of $12 million to expand access to affordable housing and homeownership opportunities for Americans in rural and urban communities across the country. Grant funding awarded to…