News
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.
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.
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.
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.
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 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.
Modular Construction on The Rise
Modular construction is gaining momentum as a solution to the affordable housing gap.
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.
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.
Oregon Housing and Community Services to Receive $8M in Federal Funding for the Creation of 153 Affordable Homes for People with Disabilities
Oregon Housing and Community Services (OHCS) has been awarded $8 million from HUD to create 153 affordable homes for people with low incomes living with disabilities.
Affordable Housing Financing Enhancements
The Biden-Harris administration has introduced an update to a Department of Housing and Urban Development financing program that will help state and local Housing Finance Agencies build more affordable homes.
RFI for HUD’s Choice Neighborhoods Grant
The Department of Housing and Urban Development has issued a Request for Information (RFI) in the Federal Register to gather public feedback on its Choice Neighborhoods (CN) program.