Affordable Housing News

Major bipartisan U.S. Senate bill introduced to modernize and update rural housing programs

On May 1, Senators Tina Smith (D-MN) and Mike Rounds (R-SD) introduced the “Rural Housing Service Reform Act of 2023” (S.1389) in the U.S. Senate. The bill would aim to improve the housing programs administered by the U.S. Department of Agriculture’s Rural Housing Service (RHS) through several reforms, including decoupling rental assistance from maturing mortgages, permanently establishing the Multifamily Housing Preservation and Revitalization Demonstration (MPR), making permanent the Native CDFI Relending pilot program, and improving staff training and capacity within RHS.

HUD Awards City Of Fort Worth $5 Million To Continue Redeveloping A Severely Distressed HUD-Assisted Property Into A Mixed-Income Community

U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge announced “Supplemental Grant” awards for Choice Neighborhoods Implementation Grantees totaling more than $98 million. The grant awards provide additional funds to 16 current Choice Neighborhoods Implementation Grantees to address the pandemic related disruptions. The Supplemental Grant funding for Implementation Grantees will be used to construct new, high-quality, mixed-income housing nationwide.

As an existing Choice Neighborhood Implementation Grantee, Fort Worth Housing Solutions - City of Forth Worth was awarded an additional $5,000,000 to continue its revitalization efforts in its Stop Six neighborhood. They were awarded the $35 million Choice Neighborhood Implementation Grant in 2019.

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