HUD: More Than $652 Million Awarded for Affordable Housing Activities in Native American Communities

Funds support development and operation of low-income housing Today, the U.S. Department of Housing and Urban Development (HUD) announced more than $652 million in Indian Housing Block Grant (IHBG) formula funding for eligible Native American Tribes and Tribally Designated Housing Entities (TDHEs) to carry out affordable housing activities in tribal communities. View a […]

FHFA: Fannie Mae’s and Freddie Mac’s Duty to Serve Underserved Markets Plans for 2021 Announced

The Federal Housing Finance Agency (FHFA) today published the 2021 Underserved Markets Plans for Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) program.  The Plans became effective January 1, 2021. FHFA issued a final rule in 2016 that implemented the DTS provisions as mandated by the Housing […]

HUD: $78 Million Awarded to Help Families Reach Self-Sufficiency

Federal funding to support education and employment among HUD-assisted families Today, U.S. Housing and Urban Development (HUD) Secretary Ben Carson awarded approximately $78 million to hundreds of public housing authorities across the country to help residents of public housing and voucher-assisted housing increase their earned income and reduce their dependency […]

HUD: $54.7 Million in Grants Awarded to Expand Development of New Rental Housing for Extremely Low-Income Persons with Disabilities

The U.S. Department of Housing and Urban Development today announced the award of over $54.7 million in capital advance and project rental assistance grants to 15 organizations, to expand the supply of affordable rental housing for extremely low-income persons with disabilities. The capital advance awards will support integrated affordable housing […]

Federal Reserve: New York Fed Releases Report About Credit Access and Debt Payment for Low-Income Americans

The Federal Reserve Bank of New York today released a report on the effects COVID-19 has had on low-income Americans’ ability to access credit and pay down debt.  The report, “State of Low-Income America: Credit Access & Debt Payment,” uses data from the New York Fed’s Consumer Credit Panel, which […]

HUD: Historic North Carolina Hospital Earns 2020 HUD Secretary’s Award

The U.S. Department of Housing and Urban Development (HUD) and the Advisory Council on Historic Preservation (ACHP) announced last week the Historic Ashe Hospital in Jefferson, North Carolina, was the recipient of the 2020 ACHP/HUD Secretary’s Award for Excellence in Historic Preservation. This annual award recognizes developers, organizations, and agencies for […]

HUD: $10 Million in “Sweat Equity” Grants Announced

Grants help hundreds of families work alongside non-profits to build their homes and achieve homeownership The U.S. Department of Housing and Urban Development (HUD) today awarded $10 million in “sweat equity” grants to four non-profit self-help housing organizations which will create at least 536 affordable homes for hard-working, low-income families […]

HUD: $4 Million Awarded to Help Low-Income Veterans Rehabilitate Their Homes

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announced $3.9 million in funding through the Veterans Housing Rehabilitation and Modification Pilot Program (VHRMP) to help make homes more accessible for disabled veterans. Through the VHRMP program, grantees will make necessary physical modifications […]

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

The 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 fiscal year 2020 round of the Community Development Financial Institutions (CDFI) Bond Guarantee Program. The guarantee will be issued to the Community Reinvestment Fund, USA on […]

HUD: Section 3 Rule Revision Finalized to Advance Economic Opportunity

New rule will advance economic opportunity through streamlined processes and a more targeted approach The U.S. Department of Housing and Urban Development (HUD) announced today the release of the final rule implementing the “Section 3” statute. Section 3 requires that recipients of certain HUD funds make economic opportunities available for low- and […]