HUD: More Than $22 Million Awarded to Expand Access to Affordable Housing & Homeownership

$12.5 million in Self-Help Homeownership Opportunity (SHOP) Grants; $10 million Rural Capacity Building Grants The U.S. Department of Housing and Urban Development (HUD) today awarded $12 million in grants to support non-profit, self-help housing organizations that enable homeownership opportunities for hard-working, low-income families and individuals. Funded through HUD’s Self-Help Homeownership Opportunity […]

CDFI Fund: FY 2023 CDFI Bond Guarantee Program Application Period Opens

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2023 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in bond guarantee authority is available for Eligible Community Development Financial Institutions (Eligible CDFIs) in […]

HUD: $486 Million in Grants and $43 Million for Stability Vouchers Announced to Address Unsheltered and Rural Homelessness

Sixty-two communities in total will receive grants and vouchers to implement coordinated approaches to addressing unsheltered homelessness and homelessness in rural areas  WASHINGTON – Today, the U.S. Department of Housing and Urban Development (HUD) is announcing the second set of communities to receive grants and housing vouchers to address homelessness […]

SBA: Rules Implemented to Address Persistent Capital Access Gaps

Loan program updates will advance equity for rural, veteran, women, and minority-owned businesses The U.S. Small Business Administration has finalized two rules to address persistent gaps in access to capital impacting small business owners in underserved communities as part of the Biden-Harris Administration’s effort to grow the economy from the […]

FHFA: Final Rule Announced Amending the Enterprise Duty to Serve Underserved Markets Regulation

Enterprise activities in all colonia census tracts are eligible for Duty to Serve credit The Federal Housing Finance Agency (FHFA) today published a final rule to amend the Enterprise Duty to Serve Underserved Markets regulation. The final rule allows Fannie Mae and Freddie Mac’s (together, the Enterprises) activities in all […]

HUD: $2.8 Billion in Annual Funding Announced to Help People Experiencing Homelessness

To help individuals and families experiencing homelessness move into permanent housing, the U.S. Department of Housing and Urban Development (HUD) today announced $2.8 billion in Continuum of Care (CoC) Competition Awards for thousands of local homeless service and housing programs across the United States. The awards, previewed by HUD Secretary […]

HUD: Nearly $315 Million Awarded in Historic Grants to Address Unsheltered and Rural Homelessness

The first of its kind package of grants and vouchers follows progress of 100,000 people and families housed and 40,000 housing units added to development pipeline by House America communities Today, the U.S. Department of Housing and Urban Development (HUD) is announcing the first set of communities to receive grants […]

EDA: U.S. Department of Commerce Launches First of its Kind Economic Recovery Corps with $30 Million CARES Act Investment

Today, U.S. Secretary of Commerce Gina Raimondo announced that the Department’s Economic Development Administration (EDA) has awarded a $30 million CARES Act Recovery Assistance grant to a coalition of organizations to establish and operate a nationwide Economic Recovery Corps program. This EDA funded program will recruit and place at least […]

CDFI Fund: $355 Million in Bond Funding Announced for Projects in Low-Income 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 $355 million under the Community Development Financial Institution (CDFI) Bond Guarantee Program. The guarantees will be issued on behalf of five Eligible CDFIs under the fiscal year […]

FHFA: New Rule Proposed to Help Enterprises Better Serve Colonias

Amendments will remove barriers to Enterprise Duty to Serve activities in high-needs rural regions  The Federal Housing Finance Agency (FHFA) today proposed to amend the Agency’s Duty to Serve (DTS) Underserved Markets regulation to facilitate Fannie Mae and Freddie Mac’s (the Enterprises) activities related to serving colonias. “FHFA is committed […]