HUD: Nearly $3 Million in Loan Guarantee Announced for Bablyon, NY to Create a Multi-Purpose Greenhouse Public Facility

HUD ANNOUNCES NEARLY $3 MILLION IN LOAN GUARANTEE FOR BABYLON, 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. […]

Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies

Federal bank regulatory agencies today made available the 2022 list of distressed or underserved nonmetropolitan middle-income geographies. These are geographic areas where revitalization or stabilization activities are eligible to receive Community Reinvestment Act (CRA) consideration pursuant to the definition of community development under the agencies’ regulations. Visit the Federal Financial […]

HUD: Rental Assistance Demonstration Conversion Transaction Closed as Part of a Neighborhood Redevelopment Plan in Baltimore, MD

$27.8 million transaction with the Housing Authority of Baltimore City and the City of Baltimore includes the development of 93 new affordable rental homes and is part of the neighborhood redevelopment plan for Baltimore’s Perkins-Somerset-Oldtown community The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing on June […]

OCC: Acting Comptroller Discusses Importance of CDFIs and MDIs

Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of community development financial institutions (CDFI) and minority depository institutions (MDI) at the 2022 Community Development Bankers Association Peer Forum. In his remarks, the Acting Comptroller highlighted initiatives to revitalize MDIs and increase investments in CDFIs, and the […]

HUD: FHA Insures $65.5 Million Mortgage for Energy Efficient Transit-Oriented Development in Roselle, IL

Insurance endorsement provided by FHA supports creation of 295 new construction rental homes The Federal Housing Administration (FHA) announced today, April 21, that it has closed on a $65.9 million loan insured under FHA’s 221(d)(4) New Construction Mortgage insurance program for Metro 19 Apartments in Roselle, Illinois. The insured loan […]

HUD: $10.3 Million Loan Guarantee Announced for Los Angeles County for Vermont Manchester Commercial Project

The U.S. Department of Housing and Urban Development (HUD) today announces a $10.3 million loan guarantee for the County of Los Angeles, California for the Vermont Manchester Commercial Project. The loan guarantee will be used to finance the development of a new 64 thousand square foot community-serving retail space within […]

HUD: $5 Million Loan Guarantee Announced for St. Johns County for Construction of Multipurpose Community Center

Loan guarantee will provide financing for the construction and planning costs, site development, and construction of a multipurpose community center and library facility. The U.S. Department of Housing and Urban Development (HUD) today announced a $5,075,000 loan guarantee to St. Johns County, Florida to help finance the construction of the […]

HUD: $1.1 Million Loan Guarantee Announced for Berks County to Renovate Commercial Building, Expand Business

Loan guarantee will provide financing for the rehabilitation and renovation of a commercial property that will retain current jobs and create new employment opportunities. The U.S. Department of Housing and Urban Development (HUD) today announced a $1,100,000 loan guarantee to Berks County, Pennsylvania to assist the Berks County Nonprofit Development […]

HUD: Rental Assistance Demonstration Conversion Transaction Closed with the Housing Authority of Kansas City, MO to Create Mixed-Income Community

Transaction is final part of seven-phase Paseo Gateway redevelopment process The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing on February 25closed a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of Kansas City, Missouri (HAKC) and Brinshore Development, to create 62 mixed-income homes at the […]