HUD: $225 Million Awarded to Preserve and Revitalize Housing
Funds will support manufactured housing communities through repairs, infrastructure upgrades, homeowner assistance and creation of new homes. Today, the U.S. Department of Housing and Urban Development (HUD) announced the award of $225 million in competitive grant funding for 17 awardees with proposed projects across 26 states through the Preservation and Reinvestment Initiative for Community Enhancement…
CDFI Fund: CY 2024-2025 Round of New Markets Tax Credit Program Opens
$10 Billion in Allocation Authority Available The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released today the Notice of Allocation Availability (NOAA) for the next round of the New Markets Tax Credit Program (NMTC Program). A total of $10 billion in Allocation Authority is available through this combined round that…
CDFI Fund: $5 Billion in New Markets Tax Credits Announced
Awards will Spur Economic and Community Development in Low-Income Urban, Rural and Tribal Communities Nationwide The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today announced $5 billion in New Markets Tax Credits that will spur investment and economic growth in low-income urban and rural communities nationwide. A total of 104…
HUD: More Than $6 Million Announced to Revitalize Communities with Distressed HUD-Assisted Housing
Choice Neighborhood Planning Grants will kickstart community-driven transformation plans that will benefit residents and local economies Today, the U.S. Department of Housing and Urban Development (HUD) announced $6.5 million in Choice Neighborhoods Planning Grants for 13 communities in 11 states across America to redevelop severely distressed public housing or HUD-assisted housing, improve outcomes for residents,…
HUD: Nearly $4 Million Loan Guarantee Announced for Gordon Moore Park Improvement Project in Alton, IL
The U.S. Department of Housing and Urban Development (HUD) today announced a $3,916,000 loan guarantee to the County of Madison, Illinois for renovations to the Gordon Moore Park, a 704-acre public park with a wide variety of attractions, sports fields, and gardens. Through this new funding, the County, in partnership with the City of Alton,…
HUD: Agency Celebrates 50 Years of Investing in Communities, Helping Families Access Affordable Housing, and Ensuring Safe and Affordable Manufactured Homes
This week marks the 50th anniversary of the Housing and Community Development Act of 1974, which created several critical programs that have benefited millions of American families This week, the U.S. Department of Housing and Urban Development (HUD) commemorates the 50th anniversary of the Housing and Community Development (HCD) Act of 1974, which created several…
HUD: $350 Million Announced for Communities to Build More Affordable Homes and Lower Housing Costs
HUD announces $100 million in new PRO Housing funding to cut red tape to housing production, and launches $250 million challenge for transformative housing investments The U.S. Department of Housing and Urban Development (HUD) today announced the availability of $100 million in competitive grant funding to cut red tape, build more homes, and lower the costs of…
HUD: $325 Million Invested in Housing and Community Development Improvements
President Biden and HUD Acting Secretary Todman announced the Choice Neighborhoods awards to build new homes and spur economic development. Today, President Joe Biden and HUD Acting Secretary Adrianne Todman announced that the Biden-Harris Administration is awarding $325 million in Choice Neighborhoods Implementation Grant funding to seven communities to build more homes and revitalize neighborhoods…
HUD: $100 Million Provided to the U.S. Virgin Islands for Electrical System Infrastructure Improvements
The funding will enhance power reliability on the U.S. Virgin Islands. This week, the U.S. Department of Housing and Urban Development (HUD) announced the release of $100 million in Community Development Block Grant – Mitigation funds to the U.S. Virgin Islands. The funds are available for the purchase of fuel storage infrastructure benefitting the Islands,…
Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies
Federal bank regulatory agencies today released the 2024 list of distressed or underserved nonmetropolitan middle-income geographies where certain bank activities are eligible for Community Reinvestment Act (CRA) credit. Under the CRA, the agencies assess a bank’s record of meeting the credit needs of its entire community, including low- and moderate-income neighborhoods, consistent with safe and…