The CDFI Fund recently released application demand for the FY 2017 round of the Capital Magnet Fund. 120 organizations applied for almost $540 million, with only $119.5 million available in the round.
The highly sought-after funding is awarded to Community Development Financial Institutions (CDFIs) as well as eligible nonprofits and finance affordable housing, economic development activities, and community service facilities.
The Senate has yet to take up the Tax Relief for American Families and Workers Act (H.R. 7024), which passed the House in January and contains two critical LIHTC provisions.
HUD’s Office of Fair Housing and Equal Opportunity issued guidance on the Application of the Fair Housing Act to the Screening of Applicants for Rental Housing.
Member Day hearing for the Transportation, Housing and Urban Development, and Related Agencies subcommittees has been scheduled for May 8 at 10 a.m. ET at 2358-A Rayburn House Office Building for Members can join here.
During her testimony before the House Ways and Means Committee Treasury Secretary Janet Yellen said, “President Biden and I are taking additional actions to bring down the cost of key household expenses like energy, prescription drugs and housing.”