CDFI Fund: $300 Million Bond Financing Guarantees Issued for Projects in Low-Income and Distressed 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 $300 million under the Community Development Financial Institution (CDFI) Bond Guarantee Program. The guarantees will be issued on behalf of three Eligible CDFIs under the fiscal year (FY) 2023 round of the…
HUD: Updated HUD Housing Counseling Program Handbook Released to Better Equip Housing Counseling Partners to Support Renters, Homebuyers, and Homeowners
First Set of Comprehensive Updates to Housing Counseling Program Handbook provide participants with the latest guidance to assist consumers with their housing needs Today, the U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling (OHC) published an update to its Housing Counseling Program Handbook. The update is the first set of comprehensive changes implemented since 2010…
HUD: Updated Fair Market Rents Released and $113 Million in Affordable Housing Vouchers Available
Department increases Fair Market Rents by 12 percent on average across the U.S., releases vouchers to 36 states to help more families afford housing Today, the U.S. Department of Housing and Urban Development (HUD) announced two actions that together will enable more families to rent a healthy, stable home at an affordable cost: publishing Fair…
HUD and FCC Partner to Promote Affordable Internet Access for Low-Income Communities
Goal is to Encourage Participation in the Affordable Connectivity Program Among Families Receiving Federal Housing Assistance The Federal Communications Commission and the U.S. Department of Housing and Urban Development (HUD) formalized a partnership to promote awareness of the Affordable Connectivity Program (ACP) among federal housing assistance recipients. HUD Secretary Marcia L. Fudge announced the partnership…
HUD: Nearly $140 Million Awarded to Protect Low-Income Families from Lead and Other Home Health and Safety Hazards
Funding to make low-income families’ homes safer and healthier. The U.S. Department of Housing and Urban Development (HUD) awarded today nearly $140 million to 36 state and local government agencies in 19 states to protect children and families from lead-based paint hazards and other home health hazards. HUD is providing these grants through its Lead-Based Paint…
HUD: Over $21 Million Invested for Native Hawaiian Housing
The U.S. Department of Housing and Urban Development (HUD) today announced $21.3 million in Native Hawaiian Housing Block Grant (NHHBG) funding to support the Department of Hawaiian Home Lands (DHHL). This funding will support the housing needs of low-income Native Hawaiian families. “This investment reinforces the Biden-Harris Administration’s commitment to Native Hawaiian families through accessible…
CDFI Fund: Program and Policy Input Requested on Capital Magnet Fund
The Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) requests public comments on how it can enhance and improve the impact of the Capital Magnet Fund (CMF), streamline or minimize the administrative burden on CMF Applicants and Award Recipients, as well as safeguard public funds. Information provided in response to this Request…
HUD: Research Grant Opportunity Announced to Study Off-site Construction and Land Use Reforms
On June 15, the U.S. Department of Housing and Urban Development (HUD) released a notice of funding opportunity (NOFO) to build the evidence base to accelerate the adoption of innovative and effective practices and policies to increase the production and supply of quality, affordable housing. The NOFO provides up to $4 million to (1) assess the potential…
CFPB: Report Released on Banking Access and Consumer Finance in Southern States
Reports highlight gaps and identify opportunities to improve financial outcomes for many Southerners The Consumer Financial Protection Bureau (CFPB) today issued two new reports on the financial opportunities and challenges facing Southern communities. The Southern U.S. is home to diverse populations, including many rural areas. Many areas of the Southern region are considered “banking deserts”…
HUD: $25 Million in Funding Announced for Public Housing Authorities to Help Families Get Access to Better Housing and Schools
Public Housing Authorities are encouraged to apply for funding Today, the U.S. Department of Housing and Urban Development (HUD) announced that it will make available $25 million to public housing authorities (PHAs) for HUD’s Housing Choice Voucher (HCV) Mobility Services. Through this program, PHAs will help an estimated 6,000 voucher families with children get a…