News

Department of Energy

EPA Funds for Affordable Housing Developers 

The EPA’s $27 billion Greenhouse Gas Reduction Fund (GGRF), funded through the Inflation Reduction Act, offers significant opportunities for affordable housing multifamily rental developers.

Missouri

Historic Tax Credit Changes in Three States Spurs Development 

Historic Tax Credit Changes in Three States Spurs Development 

Kansas

Kansas Housing Receives $8M to Expand Affordable Housing for Kansans with Disabilities 

The Department of Housing and Urban Development presented a check for $8 million on August 20 to Kansas Housing Resources Corporation (KHRC) to administer the state’s new Section 811 Project Rental Assistance (PRA) for Persons with Disabilities program.

Federal Housing Finance Agency

New GSE Housing Goals Proposed by FHFA  

FHFA recently proposed new housing goals for Fannie Mae and Freddie Mac, set to be in place from 2025 through 2027.

General News

Rising Insurance Costs Major Impact on Housing Supply  

Affordable housing developers are facing significant challenges due to the rising cost of property insurance as outlaid in a recent New York Times article.

Presidential Seal

Section 811 Project Rental Assistance Awards 

The Biden-Harris administration awarded nearly $140 million to expand affordable housing for people with disabilities through the Department of Housing and Urban Development’s Section 811 Project Rental Assistance program.

General News

Leveraging Section 108 to Build More Housing 

The Department of Housing and Urban Development has launched the Legacy Challenge to encourage communities to use Section 108 through the Community Development Block Grants to build housing.

General News

New Subsidy to Boost Affordable Housing Development 

A report from The Providence Journal highlights a new pilot initiative by the Providence Affordable Housing Trust Fund.

California

California Awards Nine Homekey Projects to Create 533 New Permanent Supportive Homes 

California Governor Gavin Newsom announced $130.6 million in Homekey grant awards for nine new projects that will create 533 permanently supportive homes for Californians at risk of or experiencing homelessness.

General News

Modular Construction on The Rise  

Modular construction is gaining momentum as a solution to the affordable housing gap.

General News

Build America Bureau Hosts Transit-Oriented Development Credit Underwriting Webinar 

The Build America Bureau Credit Programs Team will share information about the credit review process and considerations for potential transit-oriented development loans.

California

The California Department of Housing and Community Development Releases Prohousing Incentive Program – Notice of Funding Availability 

The California Department of Housing and Community Development (HCD) is pleased to release the Prohousing Incentive Program (PIP) Round 3 Notice of Funding Availability, Program Guidelines and application.

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