HUD: Trump Administration Proposes 2021 HUD Budget

Budget preserves rental subsidies; increases homeless assistance and healthy housing President Trump today announced the release of the Administration’s Fiscal Year 2021 budget, “A Budget for America’s Future.” The FY21 budget seeks to provide the Department of Housing and Urban Development (HUD) with $47.9 billion in funding to assist the fight to […]

HUD: Funds Awarded to Build 1,100 Homes for Low-Income Seniors

The U.S. Department of Housing and Urban Development (HUD) today awarded more than $51 million in housing assistance to non-profit organizations across the country to finance more affordable housing construction, provide rental assistance, and facilitate supportive services delivery for very low-income seniors. “Expanding affordable housing opportunities is a priority, especially […]

HUD: $10 Million Awarded for the Development for 538 Affordable Homes

SHOP grant funding empowers non-profit partners to help 538 families and individuals become homeowners   In an effort to help more working families become homeowners, the U.S. Department of Housing and Urban Development (HUD) today awarded $10 million in grants to four non-profit housing organizations, which will create at least 538 […]

CDFI Fund: More Than $188 Million Awarded to Support CDFI Investment in Low-Income and Distressed Communities

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 284 Community Development Financial Institutions (CDFIs) $188.7 million in Financial Assistance (FA) awards today. The awards, through the fiscal year (FY) 2019 round of the Community Development Financial Institutions Program (CDFI Program) and the Native American […]

HUD: $112 Million Offered to Expand Affordable Housing Opportunities for Low-Income Persons with Disabilities

Available funding includes $75 million in capital to produce new housing The U.S. Department of Housing and Urban Development (HUD) announced today that there is a combined $112 million available to expand the supply of permanent affordable housing for very low-income persons with disabilities. Funding is available for the two […]

CDFI Fund: Treasury Guarantees $100 Million in CDFI Bond Funding

Over $1.6 Billion Guaranteed for Projects in Distressed Communities since Establishment of Program U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today the approval of a $100 million guarantee under the Community Development Financial Institutions (CDFI) Bond Guarantee Program. The guarantee will be issued on […]

OCC: Comptroller of the Currency Discusses Community Reinvestment, Honored for His Community Service

Comptroller of the Currency Joseph Otting today discussed community reinvestment and service during remarks at National Asian American Coalition’s (NAAC) 16th Annual Economic Development Conference. During his comments, Comptroller Otting highlighted the importance of modernizing the regulatory framework implementing the Community Reinvestment Act (CRA). “Since 1977, the CRA has steered trillions of […]

HUD: White House Opportunity and Revitalization Council Introduces opportunity zones.gov

New website will serve as comprehensive tool for the Opportunity Zones initiative Today, Secretary Ben Carson, on behalf of the White House Opportunity and Revitalization Council, announced a new website that will serve as a hub of information for the array of audiences that work with the Opportunity Zones initiative. Visit […]