Recent News

Thursday, February 27, 2020

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.

Tuesday, February 25, 2020

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.

Monday, February 24, 2020

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.

Friday, February 21, 2020

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.

Monday, February 10, 2020

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.

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