FDIC: Annual Report Issued on Efforts to Preserve and Promote Minority Depository Institutions

The Federal Deposit Insurance Corporation (FDIC) today released a report submitted to Congress that chronicles the efforts the agency made to preserve and promote Minority Depository Institutions (MDIs) in 2019. This report provides a summary profile of MDIs as of the end of 2019; a description of the FDIC’s MDI […]

HUD: Second Wave of Relief Funds, Over Half a Billion Dollars, Allocated to Protect Low-Income Americans

Funds can be used for personal protective equipment, childcare costs, travel costs to receive testing, among other actions U.S. Department of Housing and Urban Development Secretary Ben Carson today announced his Department will allocate $685 million in COVID-19 relief funding to help low-income Americans residing in public housing. The funding, made available […]

CDFI Fund: $130.9 Million Announced in Awards for Affordable Housing Nationwide

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 38 organizations $130.9 million today for the development of affordable housing and community facilities in low-income communities.  These awards were made through the fiscal year (FY) 2019 round of the Capital Magnet Fund, and will support […]

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 […]