HUD: Rental Assistance Demontration Transaction Closed in South San Francisco, CA to Preserve 40 Affordable Rental Homes for Seniors
Transaction supports significant renovation of rental homes at multifamily property with a HUD project-based rental assistance contract. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing announced today that it recently closed a Rental Assistance Demonstration (RAD) transaction with Bridge Housing, a non-profit housing provider, to support the preservation and renovation of…
HUD: Loan Guarantee Announced for Laredo, TX Affordable Housing Rehabilitation Project
Today, the U.S. Department of Housing and Urban Development (HUD) announced a $4.1 million loan guarantee to the City of Laredo, Texas. The loan guarantee, offered through the Section 108 Loan Guarantee Program (Section 108), will be used to finance the Southern Hotel Affordable Housing Rehabilitation Project. The project will rehabilitate an existing historical building…
HUD: $15 Million Loan Guarantee Announced for Cleveland, OH Affordable Housing Rehabilitation Project
Today, the U.S. Department of Housing and Urban Development (HUD) announced a $15 million loan guarantee to the City of Cleveland, Ohio. The loan guarantee, offered through the Section 108 Loan Guarantee Program (Section 108), will be used to finance the construction of the Centennial Project in downtown Cleveland. Cleveland will use the Section 108…
FEMA: Nearly $422 Million Invested to Renovate Public Housing Complexes in Recovery from Hurricane Maria
The Federal Emergency Management Agency (FEMA) recently approved about $422 million to restore and renovate 37 residential properties belonging to the Public Housing Administration (PHA) due to damage caused by Hurricane María. These works will benefit over 5,400 families throughout the island. As part of the agency’s commitment to help Puerto Rico by mitigating future…
HUD: Over $116 Million Announced to Public Housing Agencies for the Family Self Sufficiency Program
2022 Funding Helps HUD-Assisted Families Build Assets, Increase Stability The U.S. Department of Housing and Urban Development (HUD) today announced over $109 million to 682 Public Housing Agencies (PHAs)for the 2022 Renewal Family Self Sufficiency (FSS) Program and an additional $6 million to 32 PHAs and 38 Project Based Rental Assistance (PBRA) owners for the…
EDA: $4 Million Invested to Support Business Growth and Workforce Development in Coal-Impacted Communities in West Virginia
Today, U.S. Secretary of Commerce Gina Raimondo announced the Department’s Economic Development Administration (EDA) is awarding $4 million in grants to support business growth and workforce development efforts in West Virginia communities impacted by a decline in the coal economy. The EDA investments announced today are: Preston County Public Service District No. 4, Bruceton Mills,…
EDA: $1.1 Million Invested for Boardwalk Upgrades to Support Tourism in Wildwood, NJ
Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million grant to the city of North Wildwood, New Jersey, for reconstruction of three blocks of boardwalk space. This project will support boardwalk structural repairs, including timber replacement, electrical upgrades and lighting fixtures, as well as…
EDA: $958,960 Invested for Sewer System Upgrades in Support of Job Creation and Business Growth in Henry County, VA
Today, the U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $958,960 grant to Henry County, Virginia, to support business and job growth efforts by extending local water and sewer service. This project will provide for the construction of a pump station, sewer line, and other improvements to increase water and sewer system…
HUD: $5.5 Million in Funding Opportunity Announced for Hispanic Serving Institutions
The U.S. Department of Housing and Urban Development (HUD) announced that it will make available $5.5 million for Hispanic Serving Institutions (HSIs) to establish research Centers of Excellence (COEs) to conduct housing and community development research. This funding opportunity will help strengthen capacity and invest in innovative and actionable research to address issues regarding housing, economic development,…
CDFI Fund: FY 2023 Capital Magnet Fund Funding Round Opens
Today the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2023 funding round for the Capital Magnet Fund. Through the Capital Magnet Fund, the CDFI Fund competitively awards funds to Community Development Financial Institutions (CDFIs) and qualified non-profit housing organizations. These awards can be used to…