HUD: $73 Million Awarded to Support Grantees with Vital Technical Assistance
Funding will provide technical assistance and capacity-building for HUD grantees, local governments, and community organizations nationwide. The U.S. Department of Housing and Urban Development (HUD) will award $73 million in cooperative agreements under the Community Compass Technical Assistance and Capacity Building Program (Community Compass) to 34 non-profit and for-profit organizations, including 6 new organizations to help HUD…
HUD: Agency Successfully Delivers More Than $1.4 Billion in Housing Investments from Inflation Reduction Act
Final round of funding means families in 42 states, D.C., and Puerto Rico will see crucial climate resilience and energy efficiency renovations. The U.S. Department of Housing and Urban Development (HUD) today announced the final round of its Green and Resilient Retrofit Program, marking the successful delivery of more than $1.43 billion from President Joe Biden’s…
FHFA: Fannie Mae and Freddie Mac Expand Support for Rental Housing
The Federal Housing Finance Agency announced higher caps for 2025 that allow the Enterprises to purchase up to $146 billion in multifamily loans and will continue to exempt workforce housing from the limit The Federal Housing Finance Agency (FHFA) will allow greater rental housing support from Fannie Mae and Freddie Mac (the Enterprises) by raising…
HUD: In 2024, FHA Supported Homeownership for More Than 790,000 Americans
Annual Report to Congress shows the Biden-Harris Administration has removed barriers to homeownership and helped borrowers with hardships while maintaining a well-capitalized Mutual Mortgage Insurance Fund Today, the U.S. Department of Housing and Urban Development (HUD) announced that through the Federal Housing Administration (FHA), in 2024, HUD served more than 790,000 people. This announcement is…
HUD: Over $37 Million Delivered to Build and Preserve Affordable Housing in Reno, NV
Newly announced transaction supports the construction and rehabilitation of 150 affordable homes for low-income individuals and families. Today, the U.S. Department of Housing and Urban Development announced the completion of a $37 million Rental Assistance Demonstration (RAD) transaction with the Reno Housing Authority to expand affordable housing options for low-income individuals and families. This transaction…
HUD: Nearly $4.8 Million Announced to Support Homeless North and South Carolinians After Hurricane Helene
Funding to provide shelter for homeless families. The U.S. Department of Housing and Urban Development (HUD) today announced nearly $4.8 million to support people experiencing homelessness in communities across North Carolina and South Carolina recovering from Hurricane Helene. Through HUD’s Rapid Unsheltered Survivor Housing (RUSH) program, funding will be allocated to Winston-Salem, NC ($548,000); Charlotte,…
HUD: $231,000 Invested to Install Solar on Rental Homes for Calais, ME Seniors
Newly closed Green and Resilient Retrofit Program transaction will fund installation of rooftop solar system. Today, the U.S. Department of Housing and Urban Development’s (HUD) announced the closing of a $231,623 Green and Resilient Retrofit Program (GRRP) transaction to help finance energy efficiency and climate resilience improvements for affordable rental homes at the St. Croix…
HUD: Veteran Homelessness Drops to Lowest on Record
Today, the U.S. Interagency Council on Homelessness (USICH), U.S. Department of Housing and Urban Development (HUD), and U.S. Department of Veterans Affairs (VA) announced that veteran homelessness has dropped to its lowest level on record since the annual Point-in-Time (PIT) started counting this data in 2009. The 2024 PIT data-which will be published by HUD…
FHFA: FHLB Bank Parnterships with Fannie Mae and Freddie Mac Announced to Expand Housing Access for Tribal Communities
The Federal Housing Finance Agency (FHFA) today announced two partnerships involving Fannie Mae, Freddie Mac, and Federal Home Loan Banks (FHLBanks) to boost awareness and liquidity for programs that expand housing access for tribal communities. In one partnership, the FHLBank of Des Moines will promote a Freddie Mac mortgage product intended to improve credit access…
HUD: Aid Offered to Juneau, Alaska Disaster Victims
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for the state of Alaska and ordered federal aid to supplement state, Tribal, and local recovery efforts in the areas affected by flooding from August 5 to August 6, 2024. President Biden issued a major disaster declaration in the City…