HUD: $1.1 Million Loan Guarantee Announced for Berks County to Renovate Commercial Building, Expand Business
Loan guarantee will provide financing for the rehabilitation and renovation of a commercial property that will retain current jobs and create new employment opportunities. The U.S. Department of Housing and Urban Development (HUD) today announced a $1,100,000 loan guarantee to Berks County, Pennsylvania to assist the Berks County Nonprofit Development Corporation (BCNDC) with the financing…
HUD: $2.6 Billion Awarded to Help People Experiencing Homelessness
The awards include approximately 7,000 renewed and new grants that will promote a community-wide commitment to the goal of ending homelessness. The U.S. Department of Housing and Urban Development (HUD) today announced over $2.6 billion in FY 2021 Continuum of Care (CoC) Competition Awards for roughly 7,000 local homeless housing and service programs across the…
HUD: Nearly $70 Million Announced to Deliver Equitable COVID-19 Relief to 49 Tribal Communities
Today’s Announcement Brings Total ICDBG-ARP Awards to Nearly $280 Million Across 240 Tribes The U.S. Department of Housing and Urban Development (HUD) today announced the award of nearly $70 million in Indian Community Development Block Grant-American Rescue Plan (ICDBG-ARP) grants to 49 Tribal communities to prevent, prepare for, and respond to the COVID-19 pandemic. This…
HUD: Rental Assistance Demonstration Conversion Transaction Closed with the Housing Authority of Kansas City, MO to Create Mixed-Income Community
Transaction is final part of seven-phase Paseo Gateway redevelopment process The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing on February 25closed a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of Kansas City, Missouri (HAKC) and Brinshore Development, to create 62 mixed-income homes at the new Sam Rodgers Place. Sam…
HUD: Over $2.4 Million Awarded to Fight Housing Discrimination Related to the Coronavirus Pandemic
Funds will support and promote fair housing nationwide The U.S. Department of Housing and Urban Development (HUD) announced today that it is providing $2,472,310 in American Rescue Plan (ARP) funding to help 11 HUD Fair Housing Initiatives Program (FHIP) agencies combat housing discrimination related to the COVID-19 pandemic. The funds, which are being awarded under…
HUD: Rental Assistance Demonstration Conversion Transaction Closed with the Cuyahoga Metropolitan Housing Authority
174 units of deeply affordable rental homes to be preserved for low-income seniors in Cleveland, Ohio The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing on February 28 announced that it has closed a Rental Assistance Demonstration (RAD) transaction with the Cuyahoga Metropolitan Housing Authority (CMHA) in Cuyahoga County, Ohio, to preserve…
HUD: FHA Insures $24.5 Million Mortgage for Affordable Multifamily Housing in Northeast Denver
Insurance endorsement provided by FHA supports affordable financing to create 119 rental homes The Federal Housing Administration (FHA) announced on [February 28] that it has closed on a $24.5 million loan insured under FHA’s 221(d)(4) new construction mortgage insurance program for Wildhorse Ridge in Denver, Colorado. The insured loan will be used to finance the…
HUD: Better Climate Challange Announced
Secretary Fudge Announces Inaugural Low Carbon Multifamily Housing Partners Today, Housing and Urban Development (HUD) Secretary Marcia L. Fudge joined Department of Energy (DOE) Secretary Jennifer M. Granholm and White House National Climate Advisor Gina McCarthy to announce the inaugural Better Climate Challenge, a private-public partnership led by DOE with over 80 American businesses and…
FHFA: $1.1 Billion Announced for Affordable Housing Programs
Largest amount ever disbursed to Housing Trust Fund and Capital Magnet Fund Today, FHFA Acting Director Sandra L. Thompson announced that the Housing Trust Fund and Capital Magnet Fund will receive a total of $1.138 billion for affordable housing initiatives from Fannie Mae and Freddie Mac (the Enterprises). This is the largest amount ever provided…
HUD: Disaster Assistance Announced for Iowa Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance to supplement state and local recovery efforts in the areas of Iowa affected by severe storms, straight-line winds, and tornadoes on December 15, 2021. On February 23, President Biden issued a major disaster declaration for the counties of Appanoose, Audubon,…