HUD’s Equity Action Plan was completed in collaboration with the White House and addresses ways to remedy the lack of minority homeownership, and focuses on equity in the delivery of services to homeless populations.
HUD released an Equity Action Plan which is in line with the directives found in President Biden’s Executive Order 13985 entitled “Advancing Racial Equity and Support for Underserved Communities Through the Federal Government.” Target projects available for funding through the loan pool will include investments in communities and neighborhoods of color and will provide financing of projects to minority-led organizations.
HUD defines the Section 108 Loan Guarantee Program as a way to allow CDBG recipients to “leverage their annual grant allocation to access low-cost, flexible financing for economic development, housing, public facilities, and infrastructure projects”.įunding from the loan pool will be made available citywide in Toledo and will be a source of long-term fixed-rate financing that is not currently available through conventional resources. The funding is awarded through the Section 108 program which provides Community Development Block Grant grantees a way to leverage annual grant allocation to finance economic development, housing and other projects that help communities. HUD is providing a $37 million loan guarantee to the City of Toledo, Ohio for a Loan Pool Project. HUD will provide $37M for OH loan pool project Other required steps include revision of procedures to ensure that evaluation of applicant credit or rental history is in line with civil rights laws. In addition, Pilot Cove Development has agreed to make applications available, and accept applications by mail, email, in person, and online. The agreement requires JCL Management and Pilot Cove Development to use $50,000 to advance fair housing choice and includes at least $10,000 for advertising, marketing and outreach efforts and the creation of a website. Pilot Cove is a 130-unit Senior Apartment development located in the Bronx, New York.Īs part of the agreement, JCL Management and Pilot Cove Development will change their waiting list procedures to avoid the exclusion of tenants because of race, color or national origin. JCL Management and Pilot Cove Development Resolve HUD Compliance ReviewĪfter a compliance review conducted by HUD highlighted concerns with JCL Management and Pilot Cove Development’s marketing and renting procedures, an agreement was reached between HUD and Pilot Cove Development.
#Waitinglist barstow registration
Registration information can be found here.
#Waitinglist barstow how to
Non-profit organizations and state and local governments may register online for a virtual training conference on the sale process and how to make bids. The sale will be exclusively for non-profit organizations and state and local governments with the goal of providing additional housing for low-income families. On June 8, HUD will conduct a sale of approximately 1,450 reverse mortgage notes for properties where the borrower is deceased and not survived by a non-borrowing spouse. This week’s announcements by the Department of Housing and Urban Development include: HUD to sell reverse mortgage notes Disclaimer: Affordable Housing Online is not affiliated with HUD, or any HUD agency.
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