CDFI 2023 Capital Magnet Fund Applications & ACR Conference Call

The Community Development Financial Institutions Fund (CDFI Fund) announced that the Fiscal Year 2023 Capital Magnet Fund applications are due on March 21 at 11:59 p.m. ET. You may apply through the Awards Management Information System (AMIS). To ensure a successful application submission, CDFI encourages all FY 2023 applicants to submit their applications as early as possible. For more information on the application process, please click here.

CDFI also released updated information for Certified Community Development Financial Institutions (CDFIs) regarding the 2023 reporting round for the Annual Certification and Data Collection Report (ACR). CDFI is holding a conference call intended to serve as a forum for Certified CDFIs and other ACR stakeholders to ask questions and discuss the ACR and the submission process. This conference call is scheduled for March 16 at 3 p.m. ET and is free to the public.

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).