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HUD Makes $2M Available for Affordable Housing Creation in Smaller Communities

HUD Makes $2M Available for Affordable Housing Creation in Smaller Communities

by Phil Hall | Jun 19, 2023 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) announced a Notice of Funding Opportunity (NOFO) of $2 million through the HOPE VI Main Street Program. According to HUD, the grant program provides financial assistance to smaller communities looking to...
Massachusetts Debuts Green Bank Aimed at Affordable Housing

Massachusetts Debuts Green Bank Aimed at Affordable Housing

by Phil Hall | Jun 13, 2023 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

Massachusetts Gov. Maura Healey has unveiled the Massachusetts Community Climate Bank, which is promoted as the nation’s first green bank dedicated to affordable housing. This new endeavor is financed with $50 million from the state’s Department of Environmental...
Coalition Seeks to Turn NYC Psychiatric Hospital into Affordable Housing

Coalition Seeks to Turn NYC Psychiatric Hospital into Affordable Housing

by Phil Hall | Jun 13, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A coalition of nonprofit and church groups is advocating the transformation of a mostly dormant New York City psychiatric hospital into a 3,000-unit income-restricted apartment complex. According to a report in The Gothamist, the Queens Power grassroots coalition is...
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