HUD: $15 Million Announced to Help Older Americans Age in Place
U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge today announced that the Department is making available $15 million to help older Americans age in place through home modifications. The funding opportunity, made available through HUD’s Older Adult Home Modification Program (OAHMP), will assist experienced nonprofit organizations, state and local governments, and public…
HUD: Rental Assistance Demonstration Conversion Transaction Closed with Franklin Housing Authority in Franklin, TN to Build 76 New Construction Affordable Rental Homes
RAD transaction supports construction of new affordable rental homes at Cherokee Place property The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing announced today that it has closed a Rental Assistance Demonstration (RAD) transaction with the Franklin Housing Authority in the City of Franklin, TN, Through RAD, the Housing Authority will newly…
HUD: $34 Million Loan Guarantee Awarded to Cincinnati, OH for Affordable Housing
The U.S. Department of Housing and Urban Development (HUD) today announced a $34 million loan guarantee for Cincinnati, Ohio for the Affordable Housing Loan Fund Project to spur the creation of more affordable housing. This upfront source of financing, awarded through HUD’s Section 108 Loan Guarantee Program (Section 108) program, is the lynchpin of the…
HUD: $41 Million Awarded to Boost Local Affordable Housing and Community Development Efforts
The U.S. Department of Housing and Urban Development (HUD) announced today that it will make available $41 million for local affordable housing and community development activities that benefit people with low-incomes. The funding is being awarded through HUD’s Capacity Building for Affordable Housing and Community Development program, also known as Section 4. “President Biden’s top…
HUD: $10 Million Funding Opportunity Announced for Capacity Building in Rural America
Rural Capacity Building grants help non-profits build capacity to create affordable housing and stimulate community development in rural areas The U.S. Department of Housing and Urban Development (HUD) announced today that it will make available $10 million in Rural Capacity Building grants. The Rural Capacity Building (RCB) program enhances the capacity and ability of rural…
HUD: Nearly $3 Million in Loan Guarantee Announced for Bablyon, NY to Create a Multi-Purpose Greenhouse Public Facility
The U.S. Department of Housing and Urban Development (HUD) today awarded the Town of Babylon in the State of New York a $2,963,000 loan guarantee for the Geiger Park Botanical Garden project. The Geiger Park Botanical Garden project is part of the town’s long-term, multi-phased plan to renovate an existing park known as Geiger Memorial…
HUD: $221 Million Announced to Tribal Communities for Affordable Housing and Community Development
The U.S. Department of Housing and Urban Development (HUD) today announced that it will make available $221 million in competitive funding for affordable housing and community development projects that primarily benefit low-to-moderate income persons in American Indian and Alaska Native communities. “The Biden-Harris Administration has made unprecedented investments in Tribal communities,” said Secretary Marcia L. Fudge. “This…
HUD: Economic Justice Agenda Released to Help Low-Income Renters Build Assets
Bridging the Wealth Gap expands HUD’s work to help renters achieve financial well-being and homeownership through saving, credit building, and banking HUD also announces $113 million to help HUD-assisted families increase earned income and improve financial stability The U.S. Department of Housing and Urban Development (HUD) today released an agenda for economic justice that describes actions…
HUD: $33.3 Million Rental Assistance Demonstration Conversion Closed with Housing Authority of the City of Atlanta, GA
Transaction preserves 114 deeply affordable homes and 114 Low-Income Housing Tax Credit homes. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing announced today that it has closed a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of the City of Atlanta, Georgia, to preserve affordable housing at its 20-building Villages…
HUD: Draft Housing Assistance Payment Support Services Procurement Solicitation Published for Public Feedback
Draft solicitation contains proposal for future formal solicitation for Housing Assistance Payments (HAP) Contract support services supporting HUD Multifamily Assisted Housing Portfolio The U.S. Department of Housing and Urban Development (HUD) today published a draft solicitation containing its proposal to formally procure contractors to provide Housing Assistance Payments (HAP) contract support services to HUD and service approximately…