FHFA: Agency Simplifies Process for Nonprofits and Other Project Applicants to Receive FHLB Funding for Affordable Housing
The Federal Housing Finance Agency released an Advisory Bulletin responding to concerns from affordable housing sponsors that procedures for obtaining subsidies from the Federal Home Loan Banks are too burdensome The Federal Housing Finance Agency (FHFA) today issued an Advisory Bulletin (AB) that simplifies the process for project sponsors to receive Federal Home Loan Bank…
HUD: $72 Million Announced to Help End Youth Homelessness in America
Funding will support actions to end youth homelessness by expanding housing opportunities supportive services in 11 states Today, the U.S. Department of Housing and Urban Development (HUD) announced $72 million to fund youth homelessness housing across 14 communities, including five rural communities. This funding, through HUD’s Youth Homelessness Demonstration Program (YHDP), will support various housing…
HUD: $12 Million Announced to Lower Housing Costs and Expand Access to Affordable Homeownership
Funding will allow local organizations to develop affordable housing and create homeownership opportunities for low-income Americans Today, the U.S. Department of Housing and Urban Development (HUD) announced the availability of $12 million to expand access to affordable housing and homeownership opportunities for Americans in rural and urban communities across the country. Grant funding awarded to…
FHFA: House Price Index Up 0.3 Percent in August 2024; Up 4.2 Percent from Last Year
U.S. house prices rose 0.3 percent in August, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI®). House prices rose 4.2 percent from August 2023 to August 2024. The previously reported 0.1 percent price increase in July was revised upward to 0.2 percent. For the nine census divisions, seasonally adjusted monthly price changes…
HUD and Census Bureau: New Residential Sales Report for September 2024 Released
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for September 2024: New Home SalesSales of new single-family houses in September 2024 were at a seasonally adjusted annual rate of 738,000, according to estimates released jointly today by the U.S. Census Bureau and…
HUD: New Partnership Announced with North Carolina Central University to Strengthen America’s Fair Housing Workforce
Partnership with North Carolina Central University’s School of Law will advance fair housing enforcement across America and develop the next-generation of policy and litigation leaders. The U.S. Department of Housing and Urban Development (HUD) today announced a new partnership with North Carolina Central University (NCCU), a public historically Black university (HBCU), to address housing bias and…
CDFI Fund: $246.4 Million in Capital Magnet Fund Awards Announced to Support Development of 26,400 Affordable Housing Units
Awards will result in more than 26,400 affordable housing units across the country, including more than 25,600 rental units and more than 750 homeownership units. The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today awarded 48 organizations $246.4 million for the development of affordable housing and community facilities serving low-income…
HUD: $750,000 Invested to Modernize Rental Homes for Waldorf, MD Families
Newly closed Green and Resilient Retrofit Program transaction will fund crucial repairs and energy efficiency and climate resilience improvements. Today, the U.S. Department of Housing and Urban Development’s (HUD) announced the closing of a $750,000 transaction to help finance energy efficiency and climate resilience improvements for affordable rental homes in Waldorf, MD, home to 204…
FHFA: Report Shows that FHLBanks Helped Nearly 65,000 Households Through Key Affordable Housing, Community Development Programs
The findings from the Federal Housing Finance Agency highlighted significant growth in resources allocated by the Federal Home Loan Banks for programs aiding lower-income communities The Federal Home Loan Banks’ (FHLBanks) affordable housing and community development support grew significantly last year, as earnings improvement across the FHLBank System corresponded with greater commitments to lower-income communities,…
HUD: Agency Recognizes Domestic Violence Awareness Month, Reaffirming Commitment to Safe and Affordable Housing for Survivors
The agency highlights historic milestones and housing protections under the Violence Against Women Act, and critical actions taken to address gender-based violence In recognition of Domestic Violence Awareness and Prevention Month, proclaimed by President Biden in 2021, the U.S. Department of Housing and Urban Development (HUD) today issued a statement underscoring its continued dedication to support programs…