FHFA: Annual Report on Low-Income Housing and Community Development Activities at the FHLBs Released
Today, the Federal Housing Finance Agency (FHFA) released its annual report on the low-income housing and community development activities of the Federal Home Loan Banks (FHLBanks). The report highlights the FHLBanks’ activities and performance in 2021 through the Affordable Housing Program (AHP), the Community Investment Program (CIP), and the Community Investment Cash Advance Program (CICA)….
HUD: Public Input Sought on Design of New Green and Resilient Retrofit Program for Multifamily Assisted Housing Properties
Part of President Biden’s landmark Inflation Reduction Act, the Green and Resilient Retrofit Program will provide funding to enhance energy efficiency and climate resiliency in HUD Multifamily assisted housing properties. The U.S. Department of Housing and Urban Development (HUD) today released a Request for Information in public inspection form in the Federal Register to obtain public input regarding the…
HUD: More Than 19,000 New Housing Choice Vouchers Announced in Most Expansive Allocation of Flexible Rental Assistance in 20 Years
U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge traveled to Falls Church, Virginia today to announce the awarding of more than 19,000 new Housing Choice Vouchers (HCVs) to almost 2,000 Public Housing Agencies (PHAs) in nearly every community across the country. This is the most expansive allocation of flexible new rental…
HUD: $176.4 Million in Grant Funding Made Available for Construction and Ongoing Project-Based Rental Assistance for Low-Income Seniors
Section 202 Capital Advance and Ongoing Project Rental Assistance Notice of Funding Opportunity supports development of new, deeply affordable rental homes for very low-income seniors. The U.S. Department of Housing and Urban Development (HUD) today announced the availability of up to $174.6 million in grant funding opportunities through a Notice of Funding Opportunity (NOFO) to support the…
HUD: $1.4 Million Awarded for Research on Renter Outcomes During Disaster Recovery
The U.S. Department of Housing and Urban Development (HUD) today announced the awarding of $1.4 million in funding for research on outcomes of renter households during various phases of disaster recovery. Two awardees, The Urban Institute and Horne, LLP, will receive the funds under the (FY2022) Notice of Funding Opportunity (NOFO). “Disasters often result in…
HUD: Updated Public Housing Agency Disaster Readiness, Response and Recovery Guidebook Released
HUD Deputy Secretary Todman Announces Release of Updated Guidebook During Visit to Mixed-Income Housing Site in Miami, FL: It’s Critical that Public Housing Agencies Have the “Resources and Tools to Take a Proactive Approach to Protect Their Properties and the Safety and Well-Being of Residents” Release of Updated Guidebook Coincides with National Preparedness Month Today,…
Congress: Congresswoman Waters Introduces Legislation to Strengthen the CRA and End Modern-Day Redlining
Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services introduced H.R. 8833, the “Making Communities Stronger Through the Community Reinvestment Act.” This transformative piece of legislation is a part of Chairwoman Waters’ continuing efforts to root out discrimination in our modern-day banking system and close the racial wealth and homeownership gaps by making…
HUD: $1 Million Loan Guarantee for Allentown, PA Minority-Owned Distillery Announced
The U.S. Department of Housing and Urban Development (HUD) today announced a $1 million loan guarantee for a distillery and manufacturing facility in Allentown, PA’s East Side. The loan guarantee, offered through the Section 108 Loan Guarantee Program (Section 108), will be used to finance the construction of a major new distillery for consumable beverages…
HUD: $12.5 Million Funding Opportunity Announced to Expand Access to Affordable Homeownership
The U.S. Department of Housing and Urban Development (HUD) today announced the availability of $12.5 million through the Self-Help Homeownership Opportunity Program (SHOP) for eligible national and regional non-profit organizations and consortia with experience providing or facilitating self-help housing opportunities. This funding opportunity aims to develop decent, safe, and sanitary housing for low-income persons and…
HUD: $40 Million Funding Opportunity to Protect Families from Home Health and Safety Hazards Announced
Funding will assist efforts to address high-priority environmental health and safety hazards The U.S. Department of Housing and Urban Development (HUD) today announced the availability of $40 million through the Healthy Homes Production Grant Program to help transform communities by fixing older housing, preserving affordable housing, and improving communities and the health of children and…