Recent News

Tuesday, August 14, 2018

The Community Development Financial Institutions (CDFI) Fund today reminded prospective fiscal year 2018 Capital Magnet Fund (CMF) applicants that the deadline for online submission of the SF-424 grant application through grants.gov is Aug. 20 at 11:59 p.m. ET and the deadline for creating an organizational account through the CDFI Fund’s Awards Management Information System (AMIS) is Aug. 27 at 11:59 p.m. ET.

Monday, August 13, 2018

The U.S. Department of Housing and Urban Development (HUD) today published an advanced notice of proposed rulemaking, inviting public comment on amendments to HUD’s affirmatively furthering fair housing regulations. HUD previously withdrew its assessment tools used to assess fair housing. HUD is seeking comments on several areas, but specifically asked eight questions about community involvement, data collection, reporting methods, evaluation and more.

Monday, August 13, 2018

The Community Development Financial Institutions (CDFI) Fund is seeking application reviewers for the fiscal year 2018 application round of the Capital Magnet Fund. Reviewers should have expertise in affordable housing finance and/or development. The CDFI Fund particularly seeks reviewers with experience in underwriting, assessing and/or evaluating affordable housing and economic development projects financed or developed by CDFIs and nonprofit developers or experience structuring and underwriting complex multifamily affordable housing transactions.

Monday, July 30, 2018

The U.S. Department of Housing and Urban Development (HUD) today announced its approval of a $1.5 billion disaster recovery plan for Puerto Rico to recover from Hurricane Irma and Hurricane Marina that includes $100 million in Community Development Block Grant-Disaster Relief gap funding for low-income housing tax credit properties and $10 million in rental assistance program funding for low-income renters.

Thursday, July 26, 2018

Rep. James Clyburn, D-S.C., today introduced legislation to increase the low-income housing tax credit (LIHTC) annual allocation and increase the credit percentage formula.

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