CDFI Fund: $194 Million Awarded to Spur CDFI Investment in Distressed and Underserved Areas Across the Nation
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 252 Community Development Financial Institutions (CDFIs) $194.1 million in Financial Assistance (FA) awards today. The awards, through the fiscal year (FY) 2022 round of the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program (NACA Program),…
HUD: Over $38 Million Awarded to Protect Families from Home Health and Safety Hazards
Funding to make low-income families’ homes safer and healthier and create job opportunities for health housing practitioners Today, the U.S. Department of Housing and Urban Development (HUD) awarded over $38 million to city, county, and Native American tribal governments, and non-profit organizations in 17 states to protect children and families from home health hazards. HUD…
HUD: Updated Guidance Issued to Enhance Use of Supportive Services Programs at Properties for Low-Income Seniors
Guidance for owners of properties participating in HUD’s Multifamily Section 202 Project Rental Assistance Contract program reinforces use of supportive services funds to help seniors live independently New HUD 202 service portal launched for ordering free COVID-19 Antigen tests The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced today…
HUD: New Resources Announced for Advancing Housing Protections for Survivors of Domestic Violence, Dating Violence, Sexual Assault and Stalking
New Website, Technical Assistance and Enforcement Guidance Strengthen Protections for Survivors Applying for and Living in HUD-Assisted Properties Today, the U.S. Department of Housing and Urban Development (HUD) announced new resources to advance housing protections for survivors of domestic violence, dating violence, sexual assault, and stalking under the Violence Against Women Act (VAWA). These resources…
HUD: Rental Assistance Demontration Transaction Closed in South San Francisco, CA to Preserve 40 Affordable Rental Homes for Seniors
Transaction supports significant renovation of rental homes at multifamily property with a HUD project-based rental assistance contract. The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing announced today that it recently closed a Rental Assistance Demonstration (RAD) transaction with Bridge Housing, a non-profit housing provider, to support the preservation and renovation of…
HUD: Loan Guarantee Announced for Laredo, TX Affordable Housing Rehabilitation Project
Today, the U.S. Department of Housing and Urban Development (HUD) announced a $4.1 million loan guarantee to the City of Laredo, Texas. The loan guarantee, offered through the Section 108 Loan Guarantee Program (Section 108), will be used to finance the Southern Hotel Affordable Housing Rehabilitation Project. The project will rehabilitate an existing historical building…
OCC: Earned Income Tax Credit Awareness Day Promoted
To make more eligible working families aware of the benefits of the Earned Income Tax Credit (EITC), the Office of the Comptroller of the Currency is promoting EITC Awareness Day on January 27. The EITC is a refundable federal income tax credit for low- to moderate-income households. “The Earned Income Tax Credit is a valuable program that…
HUD: $568 Million Announced to Address Lead-Based Paint & Additional Housing-Related Hazards
In total, HUD has made more than $2.7 billion available to invest in healthy homes Today, the U.S. Department of Housing and Urban Development (HUD) announced two historic Notices of Funding Opportunities (NOFOs) that will make homes healthier and safer for low-income families. With this investment, since 1993, HUD has made more than $2.7 billion…
HUD: Rule Change on Rental Housing Assistance Proposed for Native Hawaiian Housing Block Grant Program
Proposed Rule Would Provide Clarity, Make Rental Assistance and Affordable Housing Opportunities More Available to Native Hawaiian Families This week, the U.S. Department of Housing and Urban Development (HUD) issued a proposed rule to expand rental assistance to Native Hawaiian families under the department’s Native Hawaiian Housing Block Grant (NHHBG) program. Under the proposed rule,…
FEMA: New SBA Partnership Provides More than $38 Million in Expanded Assistance to Low-Income Disaster Survivors
In the past year, low-income disaster survivors have received more than $38.7 million in expanded assistance because of FEMA and the U.S. Small Business Administration’s policy changes to lower the minimum household income thresholds for some types of FEMA assistance. FEMA and SBA have programs that help survivors after a disaster, and many homeowners and…