HUD: Rental Assitance Demonstration Conversion Closed in Cookeville, TN to Support 48 New Affordable Rental Homes
Transaction with Highlands Residential Services is first phase of redevelopment effort to preserve almost 500 deeply affordable homes within growing area. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing is announcing today that it recently closed a Rental Assistance Demonstration (RAD) transaction with Highlands Residential Services (HRS), the Housing Authority in…
HUD: Unprecedented $379 Million in Choice Neighborhoods Funding Announced
HUD’s Signature Place-Based Program Available to Cities of All Sizes The U.S. Department of Housing and Urban Development (HUD) today announced the availability of an historically-high $379 million in Choice Neighborhoods Implementation (CNI) Grants to communities across the country. The CNI Grants will transform public and other HUD-assisted housing, as well as surrounding neighborhoods. Public housing authorities,…
HUD: $5 Million Funding Opportunity Announced to Support Housing and Infrastructure Investments in Disadvantaged Communities
The U.S. Department of Housing and Urban Development (HUD) today announced the availability of $5 million through the Thriving Communities Technical Assistance program. The Thriving Communities program will help strengthen local capacity to align transformational infrastructure projects funded by the Bipartisan Infrastructure Law with other crucial investments, such as affordable housing. “Affordable housing investments must…
HUD: Campus Compact & HUD Partner to Strengthen Higher Education Community Action
New HUD + Higher Ed Engagement Network will build opportunities for campuses to partner with HUD Field Offices & initiatives The U.S. Department of Housing and Urban Development and Campus Compact today announced a new higher education-focused collaboration, the HUD + Higher Ed Engagement Network. The Network, which will be led by Campus Compact in partnership…
HUD: FHA Insures $46.9 Million Mortgage to Preserve Affordable Housing in Chicago, IL
Insurance endorsement provided by FHA preserves 272 affordable rental homes at Barbara Jean Wright Court Apartments The Federal Housing Administration (FHA) announced today that it has recently closed on a $46.9 million loan insured under FHA’s 221(d)(4) Substantial Rehabilitation Insurance program for Barbara Jean Wright Court Apartments in Chicago, Illinois. Through FHA-insured affordable mortgage financing…
HUD: Waivers Announced to Help Florida Communities Recover from Hurricane Ian
Announcement Represents One of the Largest Collections of Regulatory and Administrative Waivers Issued by HUD at One Time; Secretary Fudge: Waivers “Build on HUD’s Continued Post-Disaster Efforts and Unprecedented Aid from the Biden-Harris Administration” The U.S. Department of Housing and Urban Development (HUD) today announced a package of 29 regulatory and administrative waivers aimed at helping communities…
HUD: Nearly $10.4 Million Awarded to Public Housing Agencies for Safety and Security Needs
The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $10.4 million to Public Housing Agencies (PHA) to make needed capital improvements in public housing developments that serve to enhance safety and security for residents. “Safety in public housing is a top priority at HUD,” said Secretary Marcia L. Fudge. “These funds will help…
HUD: FHA Takes New Step to Explore Increasing Availability of Small Balance Mortgages
Request for Information published today seeks industry input as a starting point to encourage greater origination of small balance mortgages for FHA insurance. The Federal Housing Administration (FHA) is announcing today the publication of a Request for Information (RFI) in the Federal Register seeking input on ways it can facilitate increased access to smaller balance mortgages through its Single…
HUD: 10th Anniversary of the Office of Housing Counseling Marked
The U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling today marks its tenth anniversary since being created as a distinct office reporting to HUD’s Assistant Secretary for Housing. Throughout October, the Office will celebrate the many contributions of HUD’s housing counseling program in helping individuals and families obtain and maintain safe,…
HUD: $5.4 Million Awarded to Public Housing Agencies to Correct Emergency Conditions
Set-Aside Funding Will Help Address Threats to the Health and Safety of Public Housing Residents The U.S. Department of Housing and Urban Development (HUD) today awarded $5.4 million to five Public Housing Agencies (PHAs) to correct emergency conditions that pose an immediate and imminent threat to the health and safety of public housing residents. The…