FHFA: $545 Million Announced for Affordable Housing Programs
Funds disbursed to Housing Trust Fund and Capital Magnet Fund Today, FHFA announced that the Housing Trust Fund and Capital Magnet Fund will receive approximately $545 million for affordable housing initiatives from Fannie Mae and Freddie Mac (the Enterprises). “The need for more affordable housing has never been greater,” said Director Sandra L. Thompson. “A…
FEMA: $2 Billion in Department of Homeland Security Preparedness Grants Announced
Secretary of Homeland Security Alejandro N. Mayorkas today announced more than $2 billion in funding for eight Fiscal Year 2023 preparedness grant programs. These grant programs provide critical funding to help state, local, tribal and territorial officials prepare for, prevent, protect against and respond to acts of terrorism. Secretary Mayorkas issued the following statement on this year’s…
HUD: $5.6 Billion Awarded in Annual Grants for Affordable Housing, Community Development and Homeless Assistance
Funding will go to 1,200 communities through 2,400 grants to support the needs of families and individuals The U.S. Department of Housing and Urban Development (HUD) today announced $5.6 billion in funding will go to 1,200 communities through more than 2,400 grants to States, urban counties, insular areas, DC, Puerto Rico, and local organizations across…
CDFI Fund: $194 Million Awarded to Spur CDFI Investment in Distressed and Underserved Areas Across the Nation
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 252 Community Development Financial Institutions (CDFIs) $194.1 million in Financial Assistance (FA) awards today. The awards, through the fiscal year (FY) 2022 round of the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program (NACA Program),…
HUD: $12.9 Million Awarded to Prevent Homelessness Among Youth Transitioning Out of Foster Care
16 Public Housing Agencies in 9 States will use funding to keep Foster Youth Housed In an effort to help youth in foster care find affordable housing, the U.S. Department of Housing and Urban Development (HUD) awarded $12.9 million to 16 Public Housing Agencies (PHAs) in 9 states to provide housing assistance to young adults…
EDA: U.S. Department of Commerce Seeks Public Input on New Recompete Pilot Program That Supercharges Communities with High Unemployment
The U.S. Department of Commerce’s Economic Development Administration (EDA) is seeking public input on its new Recompete Pilot Program that will make focused investments in distressed communities across the country, creating and connecting workers to good jobs and supporting long-term comprehensive economic development by helping to reduce the high, prime-age (25 to 54 years of age) employment…
HUD: $3.16 Billion Awarded for Critical Investments in Nation’s Public Housing
Funding will allow housing authorities to modernize public housing for families, individuals, seniors Today, the U.S. Department of Housing and Urban Development awarded $3.16 billion in funding to nearly 2,770 public housing authorities (PHAs) in all 50 states, as well as the District of Columbia, Guam, Puerto Rico and the U.S. Virgin Islands to make…
HUD: Over $38 Million Awarded to Protect Families from Home Health and Safety Hazards
Funding to make low-income families’ homes safer and healthier and create job opportunities for health housing practitioners Today, the U.S. Department of Housing and Urban Development (HUD) awarded over $38 million to city, county, and Native American tribal governments, and non-profit organizations in 17 states to protect children and families from home health hazards. HUD…
HUD: Local Goverments Invited to Request Thriving Communities Technical Assistance to Align Housing and Infrastructure Investments
Today, the U.S. Department of Housing and Urban Development (HUD) opened the portal for local governments to request technical assistance for its Thriving Communities technical assistance program. This funding will help local governments ensure housing needs are considered as part of their larger infrastructure investment plans, with a focus on disadvantaged communities. The Bipartisan Infrastructure…
FHFA: Input Requested on Enterprise Single-Family Social Bond Program
Agency will also host public listening session Today, the Federal Housing Finance Agency (FHFA) issued a Request for Input (RFI) on Fannie Mae and Freddie Mac’s (together, the Enterprises) social bond policy. On March 28, 2023, FHFA will also host a public listening session to allow for additional input. Currently, each Enterprise issues labeled multifamily social bonds—neither issues…