Recent News
Federal Housing Finance Agency Director Mark Calabria today announced that he authorized the disbursement of more than $500 million in Fannie Mae and Freddie Mac’s affordable housing allocations for 2019 to the Housing Trust Fund (HTF) and Capital Magnet Fund (CMF). The HTF will receive $326.4 million and the CMF will receive $175.8 million.
The Community Development Financial Institutions (CDFI) Fund today awarded $130.9 million to 38 organizations for the development of affordable housing and community facilities in low-income communities through the fiscal year 2019 round of the Capital Magnet Fund. The awards will support financing for preservation, rehabilitation, development or purchase of affordable housing for low-income communities.
Former vice president and Democratic presidential candidate Joe Biden today released a housing plan that includes expanding the low-income housing tax credit authority by $10 billion and permanently extending and expanding (to $5 billion annual allocation) the new markets tax credit. Biden’s plan also calls to fully fund the U.S. Department of Housing and Urban Development’s (HUD’s) Section 8 program and to establish a $100 billion affordable housing fund to build and upgrade affordable housing.
The Community Development Financial Institutions (CDFI) Fund today published a notice of funds availability for both the Native American CDFI Assistance (NACA) and CDFI programs. Through the NACA and CDFI programs, the CDFI Fund awards up to $1 million to certified CDFIs to serve their markets as well as a variety of grants.
The White House today released its proposed $4.8 trillion budget for fiscal year (FY) 2021 that includes an $8.6 billion (15 percent) decrease in funding for the U.S. Department of Housing and Urban Development (HUD), with the elimination of the Community Development Block Grant and HOME Investments Partnership programs.
Recent Updates
February 27, 2020 12:43pm
