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: More Than $148 Million in Supplemental Funding Announced for Multifamily Assisted Housing Property Owners to Combat COVID-19

Owners of properties participating in Multifamily assisted housing programs can apply for reimbursement of costs for property improvements and other measures that protect residents from COVID-19. The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced today that it is opening a new application period […]

CDFI Fund: $5 Billion in New Markets Tax Credits Awarded to Revitalize Low-Income and Distressed Communities

Treasurer of the United States Chief Lynn Malerba, joined by U.S. Senators Benjamin L. Cardin and Chris Van Hollen, U.S. Representative Kweisi Mfume, and Community Development Financial Institutions Fund (CDFI Fund) Director Jodie Harris, today announced more than $5 billion in New Markets Tax Credit (NMTC) awards nationwide. Speaking at […]

HUD: More than $15 Billion in Construction Investment Facilitated by Rental Assistance Demonstration

Significant achievement represents investments in construction, rehabilitation, and preservation of affordable rental homes over nine-year period. The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs (HUD) is announcing today that construction investment for affordable housing preservation through the Rental Assistance Demonstration (RAD) program has surpassed […]

HUD: $12.4 Million Loan Guarantee Announced for Baltimore, MD

Renovation and Expansion of a Historic Recreation Center Supported by Loan Guarantee The U.S. Department of Housing and Urban Development (HUD) today announced a $12.4 million loan guarantee for the renovation and expansion of the Chick Webb Recreation Center in East Baltimore, Maryland. The loan guarantee, offered through the Section 108 […]

CDFI Fund: $355 Million in Bond Funding Announced for Projects in Low-Income Communities

U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that Treasury has agreed to issue three guarantees totaling $355 million under the Community Development Financial Institution (CDFI) Bond Guarantee Program. The guarantees will be issued on behalf of five Eligible CDFIs under the fiscal year […]

HUD: $5 Million Awarded to Modify and Repair Low-Income Veterans’ Homes

Funding Expected to Support 330 Veterans with Low Incomes and Disabilities The U.S. Department of Housing and Urban Development (HUD), in partnership with the U.S. Department of Veterans Affairs, today awarded $5 million in $1 million allotments to five non-profits in support of the Veterans Housing Rehabilitation and Modification Pilot […]

HUD: Eighteen Public Housing Authorities Selected for New Asset Building Moving to Work Demonstration Cohort

Asset Building Cohort a Key Component of Secretary Fudge’s Economic Justice Agenda The U.S. Department of Housing and Urban Development (HUD) on September 27, 2022 announced the Asset Building cohort of the expansion of the Moving to Work (MTW) Demonstration Program. Through this cohort, HUD will evaluate asset building activities […]

FHFA: Annual Report on Low-Income Housing and Community Development Activities at the FHLBs Released

Today, the Federal Housing Finance Agency (FHFA) released its annual report on the low-income housing and community development activities of the Federal Home Loan Banks (FHLBanks). The report highlights the FHLBanks’ activities and performance in 2021 through the Affordable Housing Program (AHP), the Community Investment Program (CIP), and the Community […]

HUD: Public Input Sought on Design of New Green and Resilient Retrofit Program for Multifamily Assisted Housing Properties

Part of President Biden’s landmark Inflation Reduction Act, the Green and Resilient Retrofit Program will provide funding to enhance energy efficiency and climate resiliency in HUD Multifamily assisted housing properties. The U.S. Department of Housing and Urban Development (HUD) today released a Request for Information in public inspection form in the Federal Register to […]