Articles Tagged with ''Affordable housing''

HUD awards $10 million in "sweat equity" grants

More than half the money going to Habitat for Humanity
The Department of Housing and Urban Development announced this week that it is awarding $10 million in "sweat equity" grants to a group of nonprofit housing organizations. Sweat equity and volunteer labor may include landscaping, foundation work, painting, carpentry, trim work, drywall, roofing, and siding for the housing.
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California sues one of its own cities for not building enough affordable housing

Governor: California’s housing crisis is an existential threat to our state’s future
In an unprecedented move, the state of California is suing one of its own cities for not building enough affordable housing. Late last week, California Gov. Gavin Newsom announced that the state is suing the city of Huntington Beach for “standing in the way of affordable housing production and refusing to meet regional housing needs,” actions that “harm California families’ ability to find affordable places to live and drive up housing costs for everyone.”
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Freddie Mac partnering with RBC to provide $180 million for affordable housing

Fund has already provided money for rebuilding Puerto Rico
Freddie Mac, which re-entered the Low-Income Housing Tax Credit market last year after nearly 10 years away, is partnering with RBC to provide more than $180 million for affordable rental housing. The fund has already closed 10 transactions, including two in Puerto Rico and eight more in five states: New York, South Carolina, Tennessee, Texas, and West Virginia.
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Goldman Sachs invests $15 million for supportive housing in New Jersey

Partners with New Jersey Community Capital
Aiming to provide housing options for the state’s “most vulnerable populations,” Goldman Sachs is partnering with New Jersey Community Capital to provide $15 million to be used for supportive housing in the Garden State. Supportive housing is an affordable housing option that also provides services like job training and placement to its residents.
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Freddie Mac just had its biggest year ever in multifamily

Multifamily support hits all-time high
We already knew that Freddie Mac set an all-time record for multifamily security issuance in 2018, so it probably shouldn’t come as a surprise that 2018 was the government-sponsored enterprise’s best overall year ever in multifamily. Here are more details about how the GSE got there.
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Microsoft pledges $500 million to address Seattle's affordable housing problem

Aims to lessen negative impact of tech boom on Seattle residents
Microsoft has pledged $500 million to fund the construction of affordable housing in the Seattle area. The effort is a move to address criticism that tech companies have pushed out lower income residents, as an influx of well-paid tech employees have descended on the area, driving up home prices and making Seattle one of the most expensive cities to live in the nation.
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Affordable housing leaders call for end to government shutdown

Realtors say it’s affecting 25% of potential home sales
The partial government shutdown is now in its third week and affordable housing leaders are demanding that it come to an end. Members of the Campaign for Housing and Community Development Funding sent a letter to congressional leaders Tuesday, calling on them to protect low-income Americans by ending the government shutdown.
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Utah senator plans to transform state's affordable housing

SB34 could bring more than $20 million dollars to Utah's affordable housing
A Utah state senator has proposed a bill that could be a “major financial boost” and transform how the state navigates affordable residential construction, according to an article written by Tony Semerad for the Salt Lake Tribune.
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