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The Hogan Administration Announces Expansion of Cold-Weather Sheltering for the Homeless in Charles County

The Maryland Department of Housing and Community Development today announced a grant award of $242,924 to expand cold-weather sheltering for homeless individuals in Charles County. The grant will be administered through the Maryland Department of Housing and Community Development's Homelessness Solutions Program. This fiscal year, the program awarded $9.1 million in grants to support homeless shelters and services statewide.

Banking Committee Approves Calabria Nomination on Party-Line Vote

The Senate Banking Committee earlier today voted to favorably report to the full Senate the nomination of Dr. Mark Calabria to serve as Director of the Federal Housing Finance Agency. Calabria’s nomination was advanced on a party-line vote of 13-12, with all Republicans voting in support and Democrats unanimously opposed.

Maryland Mortgage Program Announces New Products and Honors Top Performers

The Maryland Department of Housing and Community Development recently announced new products under the Maryland Mortgage Program before an audience of mortgage lenders, real estate professionals, mortgage insurers, and other homeownership partners at the Hotel Annapolis on February 22. The department also launched a new, consumer-focused social media presence and recognized the program's top lending partners.

Boston Public Housing Community Will Undergo Extensive Renovation With $38.7 Million in MassHousing Financing

MassHousing has closed on $38.7 million in affordable housing financing to the non-profit Inquilinos Boricuas En Accion, Inc. (IBA), for the rehabilitation and preservation of the West Newton Apartments, a 146-unit public housing community in Boston’s South End. IBA’s redevelopment of West Newton Apartments, in partnership with the Boston Housing Authority (BHA), is part of the BHA’s ongoing effort to modernize public housing across Boston.

More Information on FY 2019 HUD and USDA Housing Program Funding

Last week, Congress and the White House reached a final deal to fund the nine federal agencies without full-year spending, including HUD and USDA, for the remainder of Fiscal Year (FY 2019), thus averting another government shutdown.

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.