Community Economic Development Assistance Corporation (CEDAC) – February 2010
WASHINGTON – In an effort to help families find decent housing and to prevent future foreclosures, the Obama Administration today announced nearly $73 million in housing counseling grants to more than 500 national, regional and local organizations. As a result of the funding announced today, hundreds of thousands of households will have a greater opportunity to find housing or keep the homes they have because of the housing counseling and counseling training grants awarded today by U.S. Housing and Urban Development Secretary Shaun Donovan.
To read the full press release and see a list of all grants, click here.
U.S. Transportation Secretary Ray LaHood and U.S. Housing and Urban Development Secretary Shaun Donovan today announced a groundbreaking collaborative effort designed to help foster planning for more livable, sustainable communities – places where transportation, housing and commercial development investments are coordinated to better serve the people living in those communities.
Together, the U.S. Departments of Transportation (DOT) and Housing and Urban Development (HUD), for the first time ever, will join forces to award up to $75 million in funding – $35 million in TIGER (Transportation Investment Generating Economic Recovery) II Planning Grants and $40 million in Sustainable Community Challenge Grants for localized planning activities that ultimately lead to projects that integrate transportation, housing and economic development.
Please click here to read the full press release.
NEW YORK — A new wave of foreclosures stands to hurt people who may have never taken out a mortgage: renters. In cities such as New York, Chicago and Los Angeles, where many investors are carrying upside-down mortgages on large rental buildings, some tenants are watching their homes fall apart along with the financing.
Please click here to read the full article.
Latest round of federal tax credit exchange funds to revive five more projects
BOSTON – November 24, 2009 – As part of the Patrick-Murray Administration’s Massachusetts Recovery Plan to secure the state’s economic future, Governor Deval Patrick today announced he will target an additional $30.4 million in recovery funds from the U.S. Treasury Department’s tax credit exchange program to revive five affordable housing developments stalled due to the lack of equity available in low-income housing tax credit markets. Today’s awards follow last month’s commitment from the administration to distribute $50.3 million from the Treasury program to create jobs and jumpstart 10 other projects across the state.
Please click here for the full press release.
Please click here to view the Round 4 Tax Credit Exchange Program announcement.
Click here to view the Round 2 Tax Credit Assistance Program announcement.