News

Oregon Housing and Community Services (OHCS) announced monumental progress in improving housing outcomes for all Oregonians with the release of the final report on Oregon’s first-ever Statewide Housing Plan (SWHP).   

The Capital Magnet Fund (CMF), administered by the U.S. Department of the Treasury, aims to support affordable housing development and community revitalization efforts.

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.

CDFI announced the next round of the New Markets Tax Credit Program (NMTC Program) will make $10 billion in Allocation Authority available, and the round will span calendar years (CYs) 2024 and 2025.

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.

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.

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).