HUD: $40.25 Million Available for Housing Counseling Agencies
Grants will expand housing counseling services and provide comprehensive financial literacy, homeownership, and affordable housing support to underserved communities. The U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling announced today that $40.25 million in grant funding is available to support housing counseling services for homebuyers, homeowners, and renters. “Housing counselors across…
SBA: Growth Accelerator Fund Competition Opened January 8th to Expand and Strengthen the National Innovation Ecosystem
Organizations will compete in two stages for $50,000 to $200,000 in prizes; SBA to award up to $3 Million in Stage One Prizes Today, Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA) and the voice in President Biden’s Cabinet for America’s more than 33 million small businesses and startups, announced the opening of the 2024 Growth…
HUD: $174 Million Announced to Support Energy Efficiency and Climate Resilience for Thousands of Low-Income Households
Green and Resilient Retrofit Program grant and loan awards support improvements to HUD-assisted multifamily properties. As part of President Biden’s Investing in America agenda, a key pillar of Bidenomics, the U.S. Department of Housing and Urban Development (HUD) today announced it is awarding $173.9 million in new loans and grants under the Green and Resilient Retrofit…
FHFA: Increase in the Enterprises’ LIHTC Cap Announced
Projects must remain affordable for 30 years. Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will each be allowed to invest up to $1 billion annually in the Low-Income Housing Tax Credit (LIHTC) market as equity investors, beginning in 2024. The Enterprises will also adjust their LIHTC…
HUD: Agency Closes 2023 with Historic Investments in Housing
Biden-Harris Administration and HUD mark milestones in first-time homeownership, taking on racial discrimination in housing, delivering rental assistance, and building climate-resilient homes, and advancing a more equitable housing finance system. When this Administration began, conditions were bleak. Amidst the COVID-19 pandemic, millions of Americans could not access quality, safe, and affordable housing options. Three years…
EDA: 22 Recompete Pilot Program Finalists Announced
As part of President Biden’s Investing in America agenda, Department of Commerce selects communities primed to reduce unemployment and establish long-term economic growth to compete for implementation awards The Biden-Harris Administration, through the U.S. Department of Commerce’s Economic Development Administration (EDA), today will announce the 22 finalists of the Distressed Area Recompete Pilot Program (Recompete)….
FEMA: $150 Million Announced to Help Underserved Communities Receive Low-Interest Loans for Disaster Resilence Projects
Announcement Triples Amount Available for the Bipartisan Infrastructure Law-funded Safeguarding Tomorrow Revolving Loan Fund Grant Program As FEMA launches 2024 as its “Year of Resilience”, the agency is announcing the second funding opportunity for the Safeguarding Tomorrow Revolving Loan Fund (RLF) grant program to make communities safer from natural hazards. This program, funded by the Bipartisan Infrastructure Law, provides capitalization…
HUD: $10 Million Awarded to Help Vulnerable Families and Youth in Foster Care at Risk of Homelessness
Nationwide, Public Housing Authorities (PHAs) identify homeless or at-risk youth with a foster care history and families whose insufficient housing is the primary reason their children are in foster care. The U.S. Department of Housing and Urban Development (HUD) awarded today $10 million for over 600 vouchers to 13 public housing authorities nationwide, to identify youth…
HUD: $40 Million Funding Opportunity Announced to Expand Support Services for Seniors and Persons with Disabilities
Funding provides service coordinator staff that connect residents in affordable multifamily homes with vital resources The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced today that $40 million in funding is available to expand the supply of service coordinators who support seniors and persons with disabilities living in affordable…
CDFI Fund: FY 2024 CDFI Program and NACA Program Application Round Opens
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2024 funding round for the Community Development Financial Institutions Program (CDFI Program) and Native American CDFI Assistance Program (NACA Program) today. The awards from these programs will support Community Development Financial Institutions (CDFIs) that provide affordable financing…