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News Related to Covid-19 and our Industry

This past July, philanthropist MacKenzie Scott shared an update on her pledge to donate a majority of her wealth. She listed 116 nonprofit organizations – including seven OFN member CDFIs - that her pledge had supported, totaling $1.7 billion.... Read more

Martin Muoto, mutual fund manager and developer in Los Angeles, plans to raise $ 1 billion to invest in black and colored communities in major urban markets.

After the summer, businesses and investors across all segments of commercial real... Read more

GLOVERSVILLE — Housing developers are currently working on construction plans for a single-family home on Forest Street as part of a state affordable housing pilot program that may be expanded into other areas of the city and the state if... Read more

L+M Development Partners, Type A Projects, BronxWorks, and the City of New York have closed on $349 million financing package to complete phase one of Bronx Point, a new mixed-use affordable housing complex in the South Bronx. As a public-private... Read more

On Dec. 27, President Trump signed H.R. 133, the Consolidated Appropriations Act, 2021, which includes the $1.4 trillion fiscal year (FY) 2021 omnibus appropriations, COVID-19 relief, and a set of tax provisions addressing tax extenders and... Read more

No timeline has been given yet, but three longtime Gary Housing Authority complexes are targeted for demolition with an $8.66 million grant from the U.S. Department of Housing and Urban Development.

The GHA was one of three public housing... Read more

President Donald Trump accused Joe Biden during the 2020 campaign of seeking to “destroy the beautiful suburbs” by supporting a sweeping Obama-era fair housing rule that Trump had scrapped.

Now, with Biden planning to reinstate the rule,... Read more

The NCALL Loan Fund was selected to receive a capital grant of $557,000 by the Community Development Financial Institutions Fund, a program of the U.S. Department of the Treasury.

Mission-driven CDFIs such as the loan fund use the capital... Read more

The Public Corporation for the Supervision and Insurance of Puerto Rico Cooperatives (COSSEC, in Spanish) confirmed that local credit unions will be able to access some $3 billion in budgetary allocations included in the new federal economic... Read more

President-elect Joe Biden has selected Rep. Marcia Fudge to lead the Department of Housing and Urban Development, according to two people with knowledge of the decision.

The offer to lead the roughly $50 billion housing agency comes after... Read more