HUD: Availabilty of More Than $180 Million in COVID-19 Supplemental Funding for Multifamily Property Owners Participating in Assisted Housing Programs Announced
New application period allows owners of multifamily housing for low-income elderly, persons with disabilities, and Section 8 contracts to apply for funds to cover costs to prevent and respond to COVID-19 The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced on Thursday that it is opening a new application period for…
HUD: Upcoming HUD-Held Single Family Note Sale Emphasizes Nonprofit Participation
Competitive bid sale provides priority bidding to nonprofit organizations and units of state and local government. The U.S. Department of Housing and Urban Development’s Office of Asset Sales announced on Thursday that it will conduct a competitive bid HUD-held vacant note sale (HVLS 2022-1) on November 10, 2021. The sale will include approximately 1,730 reverse mortgage…
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: Disaster Assistance Announced for Pennsylvania Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for areas in the Commonwealth of Pennsylvania affected by the remnants of Hurricane Ida from August 31 to September 5, 2021. On September 10, President Biden issued a major disaster declaration for the following counties: Bucks, Chester, Delaware, Montgomery, Philadelphia…
HUD: Disaster Assistance Announced for California Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for areas in the State of California affected by the Caldor Fire beginning on August 14, 2021, and continuing. On September 12, President Biden issued a major disaster declaration for California due to the Caldor Fire. The President’s declaration allows…
HUD: Disaster Assistance Announced for Arizona Disaster Survivors
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster assistance for areas in the State of Arizona affected by severe storms and flooding from July 22 to July 24, 2021. On September 13, President Biden issued a major disaster declaration for the following counties: Apache, Coconino, and Navajo. The President’s declaration…
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: $10 Million Awarded to Public Housing Agencies for Emergency Safety and Security Improvements
U.S. Department of Housing and Urban Development (HUD) Deputy Secretary Adrianne Todman today announced that the Department is awarding $10 million to 55 Public Housing Authorities (PHAs) throughout the country to make needed capital improvements in public housing developments that serve to enhance safety and security for residents. View a complete list of housing authorities that…
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…