FEMA: $135 Million Commitment Made to Support Relocation of Tribal Communities Affected by Climate Change

Funding from Bipartisan Infrastructure Law and Inflation Reduction Act Supports Community-Driven Relocation for Threatened Communities  The Biden-Harris administration today announced the launch of a new Voluntary Community-Driven Relocation program, led by the Department of the Interior, to assist Tribal communities severely impacted by climate-related environmental threats. Through investments from President […]

FHFA: Deemed-Issuance Ratio for 2023 for Uniform Mortgage-Backed Securities Announced

Ratio changes to 53 Percent Fannie Mae and 47 Percent Freddie Mac The Federal Housing Finance Agency (FHFA) today announced the deemed-issuance ratio for the 2023 calendar year in accordance with Internal Revenue Service (IRS) guidelines on the trading of the Uniform Mortgage-Backed Security (UMBS). The deemed-issuance-ratio will be used for diversification […]

CDFI Fund: Public Comments Sought on the NMTC Allocation and Qualified Equity Investment Tracking System

The Community Development Financial Institutions Fund (CDFI Fund), U.S. Department of the Treasury, is soliciting comments concerning the New Markets Tax Credit Program (NMTC Program) Allocation and Qualified Equity Investment Tracking System (AQEI). The NMTC Program provides an incentive to investors in the form of tax credits over a seven […]

SBA: Statement on the Restaurant Revitalization Fund

Today, the U.S. Small Business Administration (SBA) issued the following statement regarding the status of the Restaurant Revitalization Fund. “This week, the U.S. Small Business Administration (SBA) began distribution of returned funding in the Restaurant Revitalization Fund (RRF) program, following the program’s closure in June 2021. In doing so, the SBA worked with the […]

HUD: 87 Affordable Rental Homes Preserved Through Rental Assistance Demonstration Conversion with the Housing Authority of the City of Little Rock

Recently closed RAD conversion transaction supports affordable rental homes across three properties in southwest Little Rock, AR The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing recently closed a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of the City of Little Rock, AR, to preserve […]

CDFI Fund: CY 2022 Round of New Markets Tax Credit Program Opened

$5 Billion in Allocation Authority Available The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2022 round of the New Markets Tax Credit Program (NMTC Program). The CDFI Fund is posting the NOAA […]

HUD: Rental Assistance Demonstration Conversion Transaction Closed with the Housing Authority of Joliet, IL to Preserve 113 Homes for Low-Income Seniors

Transaction will allow for rental homes at Stevenson Crossing to remain permanently affordable to low-income senior residents. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing is announcing today that it has closed a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of Joliet (HAJ) in […]

HUD: $1.447 Billion Announced for 2021 Disaster Recovery and Mitigation

The U.S. Department of Housing and Urban Development (HUD) today announced the allocation of $1.447 billion in Community Development Block Grant – Disaster Recovery (CDBG-DR) funds to provide additional help to communities recovering from 2021 disasters as well as support building inclusive resilience to climate change. “HUD continues to do […]

HUD: $2 Million Awarded to Assess the Impact of Emergency Rental Assistance on Housing Stability

The U.S. Department of Housing and Urban Development (HUD) today awarded $2 million in funding to assess the impact of the Emergency Rental Assistance (ERA) program. Three awardees, Abt Associates; Princeton University; and the University of Pennsylvania in collaboration with the University of California at Berkeley, will receive the funds […]

EDA: U.S. Department of Commerce Launches First of its Kind Economic Recovery Corps with $30 Million CARES Act Investment

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) has awarded a $30 million CARES Act Recovery Assistance grant to a coalition of organizations to establish and operate a nationwide Economic Recovery Corps program. This EDA funded program will recruit and place at least […]