HUD Archives

Seeking to remove barriers to creating and preserving affordable housing, the U.S. Department of Housing and Urban Development is currently weighing applications for $100 million in grant funding to communities throughout the nation for its second round of PRO Housing, Pathways to Removing Obstacles to Housing, grant program.

Making the numbers work for a Federal Low Income Housing Tax Credit (LIHTC) transaction can be challenging, or sometimes even impossible.

The Green and Resilient Retrofit Program (GRRP), authorized by the Inflation Reduction Act (IRA), continues to ramp up now that the first transactions have closed. 

In recent years, owners and developers of low-income housing have turned to the Historic Tax Credit program as another key source of funding for projects looking to preserve or create affordable apartments in historic buildings.

Throughout the mid-20th century, transportation authorities constructed massive infrastructure projects through urban centers, particularly, but not exclusively, highways.

The Supreme Court recently heard arguments in City of Grants Pass, Oregon v. Johnson, in a rare instance of the Court grappling with the issue of homelessness.

On May 29 of this year, HUD published a proposed rule update to its decades-old HOME Investment Partnerships program, a federal block grant that provides funding to hundreds of state and local jurisdictions for a diverse array of low- and moderate-income homeownership and rental activities.

The American Rescue Plan Act of 2021 (ARPA), the official name of the COVID stimulus bill, wasn’t associated with housing at the time.

Section 8 property owners who refinanced their debt through the U.S. Department of Housing and Urban Development’s (HUD) Mark-to-Market program, mainly in the late 1990s through early 2000s, may qualify for budget-based rent adjustments under a new program launched this year by HUD.

Earlier this year, federal officials announced that the Federal Housing Administration (FHA)’s Risk-Sharing Initiative would be extended indefinitely, strengthening a resource that has become increasingly vital in recent years for State Housing Finance Agencies (HFAs).

A rent comparability study (RCS) is often required for affordable and mixed-income rental developments.

The development and preservation of affordable housing units often require funding from multiple sources. One potential funding source for affordable housing developments for the lowest-income households is the National Housing Trust Fund.