HUD: Communities and Developers Encouraged to Explore More Commercial to Residential Housing Conversions
New White House Guidebook and Updated HUD Notice would provide new tools to help expand housing supply affordability Today, the U.S. Department of Housing and Urban Development (HUD) and the Biden-Harris Administration announced important updates that will help bolster our nation’s housing supply and improve housing affordability. The White House released a guidebook, developed in partnership with…
HUD: Agency Celebrates Opening of 76 New Affordable Senior Homes in Columbus, OH
HUD Assistant Secretary Julia Gordon highlights Biden-Harris Administration’s commitment to affordable rental housing at ribbon-cutting ceremony at Salem Village The U.S. Department of Housing and Urban Development’s (HUD) Assistant Secretary for Housing Julia R. Gordon today joined the leadership of National Church Residences, the largest nationwide non-profit organization providing affordable senior housing, and state and…
HUD: More Housing Choices Expanded to a Total of 800,000 Households with Rental Assistance
Today’s action expands rule to provide housing choices and neighborhood opportunities for additional 440,000 households who use Housing Choice Vouchers Today, the U.S. Department of Housing and Urban Development (HUD) announced action that will cover expanded housing and neighborhood choices for more than 800,000 total households using Housing Choice Vouchers to find and secure affordable…
HUD: $212 Million Funding Opportunity Announced to Expand Affordable Housing Options for Persons with Disabilities
Funding provides capital to produce new or rehabilitate existing housing along with project rental assistance to support very-low and extremely low income-persons with disabilities The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing announced today that $212 million in funding is available to expand the supply of affordable housing and supportive services…
CDFI Fund: $321.2 Million in Capital Magnet Fund Awards Announced to Support Affordable Housing
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 52 organizations $321.2 million today for the development of affordable housing and community facilities serving low-income individuals, families, and communities. These awards were made through the fiscal year (FY) 2023 round of the Capital Magnet Fund (CMF), and will support financing…
HUD: $160.1 Million in Grants Awarded to Create and Preserve Affordable Housing for Low-Income Seniors
Funding supports the creation and rehabilitation of affordable multifamily rental housing and project-based rental assistance to help provide independent living options for low-income seniors The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced today that it has awarded $160.1 million in grants to non-profit organizations across the country to…
HUD: $13.5 Million Funding Opportunity Announced to Expand Access to Affordable Homeownership
Today, the U.S. Department of Housing and Urban Development (HUD) announced the availability of $13.5 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. Read HUD’s Notice of Funding Opportunity (NOFO) at Search Grants. This funding opportunity aims to develop…
HUD: Manufactured Housing Consensus Committee Appointments Announced
The committee advises HUD on manufactured housing production, regulations, and administration of the Manufactured Housing Construction and Safety Standards Act The U.S. Department of Housing and Urban Development (HUD) announced today the appointment of three new members and the reappointment of three current members to serve on the Manufactured Housing Consensus Committee (MHCC). These appointments,…
ABA: Eight Banks Win 2023 Community Commitment Awards
The American Bankers Association Foundation today named eight banks as 2023 Community Commitment Award winners. The annual awards recognize banks for extraordinary corporate social responsibility efforts in seven specific categories ranging from affordable housing to economic inclusion. The winners will be recognized at ABA’s Annual Convention in Nashville, Tenn. on Oct. 10. The selection committee, made up of…
HUD: $25 Million Loan Guarantee Announced for Birmingham, AL Loan for Black, Indigenous, People of Color Fund
Today, the U.S. Department of Housing and Urban Development (HUD) awarded the City of Birmingham, Alabama a $25.2 million loan fund under its loan guarantee program for the Community Development Block Grant Program, Section 108. The City of Birmingham plans to use these funds to establish a $25 million citywide Loan Pool to provide financing…