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: $3.2 Million Invested to Improve Housing for Savannah Families
HUD highlights significant climate resilience and energy efficiency renovations. Today, the U.S. Department of Housing and Urban Development (HUD) highlighted a $3.2 million award to Savannah Gardens Senior Residences in Savannah, Georgia under its Green and Resilient Retrofit Program (GRRP) to support significant energy efficiency and climate resilience renovations for more than 39 rental homes. This Comprehensive grant will…
CDFI Fund: U.S. Department of the Treasury’s CDFI Fund and Federal Housing Finance Agency Collaborate to Bolster CDFI Access to Capital
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) and the Federal Housing Finance Agency (FHFA) announced the establishment of a Working Group to increase capital for affordable housing lending from the Federal Home Loan Banks. The group will advance the Biden-Harris Administration’s priority of expanding the supply of affordable…
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…
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…