CDFI Fund FY 2020 Application Reminders

As a reminder for fiscal year (FY) 2020 Capital Magnet Fund applicants, the deadline for online submission of the SF-424 Mandatory through Grants.gov for this year’s funding round is June 26, 2020 at 11:59 pm ET. The deadline for online submission of the rest of the application materials through the CDFI Fund’s Awards Management Information System (AMIS) is July 27, 2020 at 5:00 pm ET. Please review the Notice of Funding Availability (NOFA) for more detailed information.

The CDFI Fund is conducting a webinar on June 23, 2020 to provide a walkthrough of the AMIS application. Please view the Step 2: Apply page of the Capital Magnet Fund website for the webinar access information. Advance registration is not required to participate.

The recordings of two previous application webinars, for Financing Entity and Affordable Housing developer/manager applicants, and all of the guidance and application materials for the FY 2020 application round, are also available on the CDFI Fund’s website under How to Apply Step 2: Apply.

The CDFI Fund will answer questions about the FY 2020 application until 5:00 pm ET on July 23, 2020. Contact the CDFI Fund’s Help Desk by submitting a Service Request through your AMIS account; by e-mail to cdfihelp@cdfi.treas.gov; or by phone to (202) 653-0421 (please note this is not a toll free number).

HUD Releases HOME Monthly Reports

HUD has announced that the latest HOME Monthly Reports, as of November 30, 2024, are now available. Why it matters: These reports are crucial for Participating Jurisdictions (PJs) to effectively track and manage their housing initiatives. Details: The bottom line: These reports empower PJs to optimize their housing strategies, ensuring effective use of resources and […]

Ginnie Mae’s FY24 Annual Financial Report

Ginnie Mae has released its Fiscal Year 2024 (FY24) Annual Financial Report, and the numbers and initiatives are making an impact. Here are a few key takeaways:

Workforce Housing Debt Financing Updates

The northeast regional affordable housing community had the opportunity to receive an update on agency executions for workforce housing from PGIM’s Michael Lostocco at the NH&RA Fall Developers Forum. Fannie Mae and Freddie Mac have developed voluntary programs aimed at addressing housing affordability, particularly for middle-income renters.

FHFA Unveils Enterprises’ Three-Year Plans to Improve Housing Opportunities for the Underserved

Fannie Mae and Freddie Mac (the Enterprises) will seek to extend housing access in rural underserved markets, enhance their support for manufactured housing and continue addressing liquidity needs for first-time homebuyers, among a host of activities outlined in plans published by the Federal Housing Finance Agency (FHFA).