ABA: Foundation Whitepaper Released on Expanding Financial Service Access for Justice System-Involved Individuals
The ABA Foundation today released a new whitepaper entitled “Strategies to Expand Financial Services Access for Individuals Involved in the Criminal Justice System” that explores common barriers justice system-involved individuals face when trying to gain entry to the financial system following the completion of their sentence. By profiling existing bank initiatives, the report also outlines potential strategies…
HUD: More than $13 Million in American Rescue Plan Funds Released to Assist Victims of Housing Discrimination Related to the Coronavirus Pandemic
Funds will support the efforts of fair housing enforcement organizations The U.S. Department of Housing and Urban Development (HUD) announced today that it is providing $13.6 million in American Rescue Plan (ARP) funding to enable 51 HUD Fair Housing Initiatives Program (FHIP) agencies to conduct a range of fair housing enforcement and education and outreach…
EDA: $1.1 Million Invested to Support Healthcare Workforce Programs to Benefit Coal Communities in Western Colorado
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $1.1 million grant to Colorado Mesa University (CMU), Grand Junction, Colorado, to provide equipment and technology to support physician’s assistant, physical therapy, and occupational therapy degree programs. This EDA grant will be matched with $280,495 in…
HUD and FHFA: Clarifications to Freddie Mac’s Policies on Purchasing Mortgages Secured by Group Homes Announced
The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) on Tuesday announced important clarifications to Freddie Mac’s policies that make clear it will purchase mortgages secured by a property owned by an individual and rented to a group home for persons with disabilities. “Clarifying these policies regarding the…
EDA: $2.3 Million Invested to Build Critical Infrastructure in Support of a New Healthcare Facility in Woodruff, SC
Today, U.S. Secretary of Commerce Gina M. Raimondo announced that the Department’s Economic Development Administration (EDA) is awarding a $2.3 million grant to the city of Woodruff, South Carolina, to construct sewer infrastructure in support of a new regional healthcare facility. This EDA project, to be matched with $570,980 in local funds, is expected to…
HUD: $142 Million Awarded to Help End Youth Homelessness
Grants to support innovative housing programs in 33 communities The U.S. Department of Housing and Urban Development (HUD) is awarding $142 million to build systems to end youth homelessness in 33 local communities, including 11 rural communities. HUD’s Youth Homelessness Demonstration Program (YHDP) will support a wide range of housing programs including rapid rehousing, permanent supportive housing,…
HUD: Access Opened to $5 Billion in American Rescue Plan Grants to Prevent and End Homelessness
The U.S. Department of Housing and Urban Development today issued the HOME-ARP Implementing CPD Notice, Requirements for the Use of Funds in the HOME-American Rescue Plan Program (“the Notice”). The new HOME-ARP notice is a critical step taken by HUD to expeditiously allow communities to begin accessing funds from the nearly $5 billion funds allocated from the…
HUD: $51 Million Announced in Funding Opportunities for Housing Counseling Agencies
Notice published today allows HUD-approved housing counseling agencies and intermediaries to apply for funding to maintain and expand critical services for the nation’s renters, homebuyers, and homeowners. The U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling announced on Tuesday it is making $51 million in grants available through a Notice of Funding…
HUD: FHA Transaction Completed to Support Expanded Healthcare Services at the University of New Mexico Hospital
$320 million FHA-insured supplemental mortgage provides financing for expansion of Albuquerque, New Mexico, hospital servicing acute care needs of New Mexico residents The Federal Housing Administration (FHA) announced that it has completed a mortgage insurance transaction with The University of New Mexico Hospital (UNMH) located in Albuquerque, NM. The transaction, which closed on September 9, 2021, provides…
CDFI Fund: FY 2021 Capital Magnet Fund Funding Round Opened
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2021 funding round for the Capital Magnet Fund. Through the Capital Magnet Fund, the CDFI Fund competitively awards funds to CDFIs and qualified non-profit housing organizations. These awards can be used to finance affordable housing, as…