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Washington Report | February 22, 2019
Housing has long been seen as a leading economic indicator. Home construction has historically led the country out of recessions, acting as “an important jump-starter [that]...
NCSHA Opportunity Zone Fund Directory Expands to 89 Funds and $19 Billion in Anticipated Investment
NCSHA released an updated edition of its Opportunity Zone Fund Directory today, providing details on 89 Qualified Opportunity Funds planning to invest in designated Opportunity Zones. The latest edition of the directory includes 17 new funds and details on each fund’s management, organization, size, investment focus, and geographic focus.
3 Big Takeaways From The Standing-Room-Only Hearing On Opportunity Zones
How often are 150 people turned away from an IRS hearing on Valentine's Day? Almost never. But in standing-room only fashion, the much anticipated public hearing on Opportunity Zones took place...
HUD Awards $10.6 Million to Help Low-Income Public Housing Residents Secure Higher Paying Jobs
WASHINGTON - To help low-income public housing residents increase their income and move toward self-sufficiency, the U.S. Department of Housing and Urban Development (HUD) today awarded $10.6 million...
Wall Street, Seeking Big Tax Breaks, Sets Sights on Distressed Main Streets
Distressed America is Wall Street’s hottest new investment vehicle. Hedge funds, investment banks and money managers are trying to raise tens of billions of dollars this year for so-called...
$9.4 Million is Received to Help Kentucky’s Homeless Population
The U.S. Department of Housing and Urban Development (HUD) recently announced the recipients of grant funding to address homelessness across the nation. The funding is part of HUD’s Continuum of Care Program, which is awarded annually through a national competition. The Kentucky Balance of State Continuum of Care (KY BoS CoC), which is comprised of all Kentucky counties except Fayette and Jefferson, will receive $9.4 million dollars, an increase of more than $1 million since the previous year’s CoC competition.
WHEDA Receives $3,750,000 Capital Magnet Fund Award
The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund has awarded the Wisconsin Housing and Economic Development Authority (WHEDA) a Capital Magnet Fund (CMF) grant of $3,750,000 for fiscal year 2018. WHEDA was the only awardee in Wisconsin. The U.S. Treasury awarded $142.9 million in grants nationwide to 38 organizations. A total of 116 organizations requested more than $570 million in CMF dollars demonstrating the highly competitive nature of the program.
USDA and HHS Partner to Create Recovery Housing in Rural Communities
WASHINGTON, Feb. 15, 2019 – U.S. Department of Agriculture (USDA) Assistant to the Secretary for Rural Development Anne Hazlett and Department of Health and Human Services (HHS) Assistant...
HUD Awards $74 Million to Help Families Reach Self-Sufficiency
WASHINGTON - U.S. Housing and Urban Development (HUD) Secretary Ben Carson today awarded $74 million to hundreds of public housing authorities across the country to continue helping public housing...
In Confirmation Hearing, Calabria Pledges to Work on Reform with Congress and Maintain GSE Affordable Housing Activities
The Senate Banking Committee yesterday held a hearing on the nomination of Mark Calabria to serve as director of the Federal Housing Finance Agency.
$25 Million Allocated for Housing to Benefit Communities Impacted by Hurricanes Katrina and Rita
Today, the Louisiana Housing Corporation (LHC) released a $25 million Notice of Funding Availability (NOFA) to increase and preserve affordable housing opportunities in 37 parishes impacted by Hurricanes Katrina and Rita. Specifically, $14.7 M has been allocated for recovery in New Orleans, which sustained the largest amount of damage from Katrina. The remaining dollars will be made available in all parishes that were impacted by the storms.
Washington Report | February 15, 2019
More HFAs are investing in research to refine business strategies, understand emerging trends, and adjust policies to address new realities in their communities. Recent work on urban housing and...
