Affordable Housing

HUD: First Deal Delivered to Promote Energy Efficiency and Climate Resiliency for Massachusetts Families

Transaction enhances green features of renovation project in Quincy, Massachusetts. Today, the U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs, announced it completed a $750,000 grant transaction under the Green and Resilient Retrofit Program (GRRP) with Wollaston Lutheran Church. Grant funds will be used to finance energy efficiency and climate…

ABA: Foundation Accepting Submissions for 12th Annual Community Commitment Awards

Today, the American Bankers Association Foundation announced it is now accepting submissions for its 12th annual Community Commitment Awards. The Foundation is encouraging banks of all sizes to enter their most successful community initiatives for the awards, ABA’s highest honors for extraordinary community engagement. The CCAs recognize innovative, high-impact bank programs that improve the quality of…

FHFA: New Division of Public Interest Examination Announced

The Federal Housing Finance Agency (FHFA) today announced the creation of a new Division of Public Interest Examination (DPIE), which will be responsible for supervisory oversight of the Agency’s regulated entities in the areas of affordable housing, community development, diversity and inclusion, consumer protection, and fair lending. FHFA serves as regulator and conservator of Fannie Mae…

FHFA: Housing Mission Report for 2023 Released

The Federal Housing Finance Agency (FHFA) today released its annual Housing Mission Report, describing the activities taken by Fannie Mae and Freddie Mac (the Enterprises) and the Federal Home Loan Banks (FHLBanks) in 2023 to promote access to financing for affordable, sustainable, and equitable housing and targeted economic development. “FHFA maintains a keen focus on…

HUD: City of Indianapolis and HUD Partner to Take Possession of Indianapolis Housing Agency

Federal and local officials jointly addressing housing conditions and operational failures impacting Indianapolis residents. Today, HUD Principal Deputy Assistant Secretary Richard J. Monocchio and Indianapolis Mayor Joe Hogsett signed a Cooperative Endeavor Agreement (CEA) between the U.S. Department of Housing and Urban Development (HUD) and the City to jointly take action to restore public confidence in and…

HUD: Nearly $70 Million in Grants Announced to Protect Families from Home Health and Safety Hazards

Funding helps vulnerable residents by fixing housing-related health and safety hazards, establishing sustainable local programs, and supporting key research to identify and mitigate these hazards. The U.S. Department of Housing and Urban Development (HUD) today announced nearly $70 million in grants across the country that will help transform communities by fixing older housing, preserving affordable…

HUD: $83 Million Awarded to Boost Local Affordable Housing and Community Development

Funding will be used to create jobs and boost affordable housing units in rural and tribal communities. The U.S. Department of Housing and Urban Development (HUD) announced today that it will award $83 million to three organizations for local affordable housing and community development activities that benefit people with low-incomes. The funding, awarded through HUD’s…

HUD: $13.5 Million in Grants Awarded to Expand Access to Homeownership Opportunities

Four housing providers to produce over 440 homes for low-income first-time homebuyers using Self-Help Homeownership Opportunity Program (SHOP) Grants Today, the U.S. Department of Housing and Urban Development (HUD) awarded $13.5 million in “sweat equity 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…

HUD: Program to Promote Innovations in Housing Expanded

Moving to Work Program expansion enables communities to develop creative housing solutions and resident services. Today, U.S. Department of Housing and Urban Development (HUD) Acting Secretary Adrianne Todman announced the final cohort of Moving to Work (MTW) Demonstration program expansion after extensive collaboration with Congress, advocates, and industry groups. 14 selected housing agencies will evaluate…

HUD: $17.7 Million Rental Assistance Demonstration Transaction Closed to Improve 100 Rental Homes in Cumberland, MD

Transaction preserves and rehabilitates affordable rental homes for seniors and persons with disabilities. Today, the U.S. Department of Housing and Urban Development’s Office of Multifamily Housing announced the recent completion of a Rental Assistance Demonstration (RAD) transaction with the Housing Authority of the City of Cumberland (HACC). Through the transaction, HACC will finance the preservation…