The Community Development Financial Institutions (CDFI) Fund has begun accepting applications for this year’s funding round of the Capital Magnet Fund (CMF). The CMF provides grants to HFAs and CDFIs, among others to support the development, rehabilitation, and...
HUD announced the allocation of $2.96 billion in Emergency Solutions Grants (ESG) for those who are homeless or at risk of becoming homeless due to job loss, wage reduction, or illness related to COVID-19. This allocation is part of the $4 billion Congress provided...
NLIHC and the Public and Affordable Housing Research Corporation (PAHRC) released a new report, 2020 Picture of Preservation, that explores the pivotal role the federal government plays in building and preserving affordable rental homes at a time when millions of people in America are facing housing instability during the coronavirus pandemic. This report highlights the need for additional resources to protect the affordability of these homes; nearly 300,000 may be lost from the nation’s affordable stock in the next five years.
This week, NCSHA published a report showing how lowering the “financed-by” threshold — commonly referred to as the 50 percent test — for bond-financed Housing Credit projects would impact available Private Activity Bond cap and could increase multifamily affordable housing production.
The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). SBA will also soon issue regulations and guidance to further assist borrowers as they complete their applications, and to provide lenders with guidance on their responsibilities.
Main Street Perspectives: Community Impacts of COVID-19 “Perspectives from Main Street: The Impact of COVID-19 on Communities and the Entities Serving Them” shows the scope and scale of challenges that U.S. communities are facing amid the COVID-19 pandemic. This...
April 15, 2020 ACTION partners have been urging the IRS and the Treasury to take immediate action to provide deadline extensions and other necessary accommodations for the Housing Credit program in light of the severe disruptions the COVID-19 pandemic is having on...
The Texas Department of Housing and Community Affairs encourages developments with Special Reserve Accounts to use these funds to provide grants of assistance to tenants who have had a sudden loss of income or increased household costs due to the COVID-19 pandemic,...
TEXAS SUPREME COURT CORONAVIRUS UPDATE Contact: Osler McCarthy512.463.1441 or emailTEXAS SUPREME COURT CORONAVIRUS UPDATE Chief Justice Nathan L. Hecht has ordered eviction proceedings for residential property and filing deadlines in eviction cases be delayed until...
The Texas Department of Housing and Community Affairs (TDHCA) is aware that there are questions in regards to changed operating procedures related to the COVID-19 pandemic. Generally, unless a specific item has been waived or suspended by a federal, state, or local...
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