News

Predevelopment funding for affordable projects plays a crucial role in realizing the vision for the projects covering the upfront costs incurred before a project can formally begin.

USDA Section 538 loans are part of the U.S. Department of Agriculture’s Rural Development program aimed at supporting the construction, renovation and preservation of affordable rental housing in rural areas.

The recent announcement of over $279 million in new investments through HUD’s Green and Resilient Retrofit Program (GRRP) represents a significant boost for affordable housing developers, particularly those focused on multifamily rental units.

The Department of Housing and Community Development (DHCD) has compiled a list of questions submitted regarding the 2024 Consolidated Request for Proposals (RFP) for Affordable Housing Projects.

Governor Gavin Newsom today announced nearly $130.7 million in Encampment Resolution Funding (ERF) program grants to help 18 cities, counties, and Continuums of Care (CoCs) resolve critical encampment concerns, address the housing and health and safety needs of 3,364 people living in encampments, and permanently house 1,565 people. 

California Gov. Gavin Newsom recently signed into law a bill that expands the existing California Tax Credit Allocation Committee (CTCAC) limit on rent increases for tenants in properties financed by low-income housing tax credits (LIHTCs) or private activity bonds (PABs).

The Multifamily Preservation and Revitalization (MPR) Program and Section 515 Subsequent Loans for Preservation for FY 2024 offer significant financial resources to help affordable multifamily rental developers maintain and improve their properties in rural areas.

HUD has launched new guidelines and resources to bolster the nation’s affordable housing stock against climate-related challenges through rapid retrofitting and weatherization efforts.

The DC Housing Finance Agency (DCHFA) offers developers several opportunities to finance affordable multifamily rental housing projects through its McKinney Act Loan Program and Housing Investment Platform (HIP).

Oregon Housing and Community Services (OHCS) announced that Last Gap resources are reaching full subscription.

The State of Kansas will conduct a public hearing to provide an opportunity for citizens to review and comment upon the preliminary draft of the 2025 Action Plan of the 2024–2028 Kansas Consolidated Plan.

The Department of Housing and Community Development (DHCD) announced the application link for the 2024 Consolidated Request for Proposals for Affordable Housing Projects is live.