FHFA: Report Shows that FHLBanks Helped Nearly 65,000 Households Through Key Affordable Housing, Community Development Programs
The findings from the Federal Housing Finance Agency highlighted significant growth in resources allocated by the Federal Home Loan Banks for programs aiding lower-income communities The Federal Home Loan Banks’ (FHLBanks) affordable housing and community development support grew significantly last year, as earnings improvement across the FHLBank System corresponded with greater commitments to lower-income communities,…
CDFI Fund: Treasury Guarantees $498 Million in Bond Funding for Projects in Low-Income Communities, Marking Largest Bond Issuance in Program History
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced an agreement to issue three guarantees worth $498 million under the CDFI Bond Guarantee Program, the largest issuance in the program’s history. The CDFI Bond Guarantee program provides long-term, fixed-rate capital for projects in low-income urban, rural, and Native communities, and the guarantees…
HUD: More Than $420 Million Announced to Eliminate Lead Exposure in Homes
The funding will protect more Americans from lead hazards, improve housing hazard identification and prevention, and expand critical research and services. Today, the U.S. Department of Housing and Urban Development (HUD) announced more than $420 million in awards across 32 states, the District of Columbia, and Puerto Rico to remove lead hazards from homes and…
HUD: More Than $279 Million in New Housing Investments Announced
New awards will support climate resilience and energy efficiency renovations. The U.S. Department of Housing and Urban Development (HUD) today announced nearly $279 million in awards to properties across 23 states and territories under its Green and Resilient Retrofit Program (GRRP) to support significant energy efficiency and climate resilience renovations of more than 3,500 homes. These Comprehensive grants…
CDFI Fund: FY 2024 CDFI Program and NACA Program Financial Assistance Awards Announced
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today awarded 357 Community Development Financial Institutions (CDFIs) with $408.2 million in Financial Assistance (FA) awards to provide financial services and products for low-income and underserved individuals and communities across America. The awards were made through the fiscal year (FY) 2024 funding…
HUD: $10 Million Awarded to Protect and Empower Low-Income Tenants
Funds will provide resources to support tenant organizations across the country. Today, the U.S. Department of Housing and Urban Development (HUD) awarded $10 million in grants to expand tenant education opportunities and resources for low-income residents of homes supported by the Section 8 Project-Based Rental Assistance (PBRA) program. This funding will support capacity building efforts that…
HUD: Nearly $4 Million Loan Guarantee Announced for Gordon Moore Park Improvement Project in Alton, IL
The U.S. Department of Housing and Urban Development (HUD) today announced a $3,916,000 loan guarantee to the County of Madison, Illinois for renovations to the Gordon Moore Park, a 704-acre public park with a wide variety of attractions, sports fields, and gardens. Through this new funding, the County, in partnership with the City of Alton,…
HUD: Nearly $140 Million Awarded to Expand Affordable Housing for People with Disabilities
Funding supports efforts by 18 state housing agencies to create affordable homes and expand support services for adults living with disabilities. Today, the U.S. Department of Housing and Urban Development awarded $138.5 million in grants for more than a dozen state housing agencies to expand the supply of housing and supportive services for low-income persons…
SBA: $7 Million in PRIME Grants Announced to Serve Low-Income Microentrepreneuers
28 Grants Will Support Training, Program Development to Increase Access to Capital and Grow Businesses Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses, announced 28 awardees for the 2024 Program for Investment in Microentrepreneurs(Link is external) (PRIME) grant awards, totaling $7 million….
HUD: $6 Million Awarded to Protect Families from Home Health and Safety Hazards
Funding will be used to make low-income families’ homes safer and healthier. The U.S. Department of Housing and Urban Development (HUD) today awarded $6 million to two nonprofit organizations, and a city government to protect children and families from home health hazards. This is the second round of funding announced for this program in addition…