National Housing Grants
Investing in The American Recovery and Reinvestment Act
America is on track to benefit from more Recovery Act jobs of local companies that can hire new employees, workers who are no longer faced with uncertainty, and families that no longer need to struggle to pay their bills. While many of Recovery Act projects are focused on jumpstarting the economy, others, especially those involving infrastructure improvements, are expected to contribute to economic growth for many years. Grants will pay for the purchase and rehabilitation of vacant or foreclosed residential properties with an opportunity to help provide down payment assistance to help families purchase homes. In addition to offering financial aid directly to local school districts, expanding the Child Tax Credit, and underwriting the computerization health records, the Recovery Act is targeted at infrastructure development and enhancement. For instance, the Act provides for the weatherizing of 75 percent of federal buildings and more than one million private homes. Money was set aside to provide the first time home buyer tax credit, grants for affordable housing and to help first time home buyers with down payments and closing costs. The goals of the Recovery and Reinvestment Act are to create new jobs, as well as save existing ones; spur economic activity and invest in long-term economic growth; foster unprecedented levels of accountability and transparency in government spending.
Creating jobs and making a difference in Housing
Thanks to the American Recovery and Reinvestment Act, during three budget years, billions in federal stimulus dollars will be pumped into the economy for state and local projects. Evidence supports that the Recovery Act is helping to cushion the greatest economic crisis since the Great Depression and lay a new foundation for economic growth. New jobs have also laid the groundwork for a new clean energy economy, revitalized infrastructure and transportation, and helped make America more competitive for generations to come.
When we see low-income first time buyers receiving support and education to make wise home buying decisions, when we see our senior citizens living in decent, safe and affordable housing, when we see new infrastructure under construction and when we see small businesses still working, keeping their employees and providing new jobs for others, we know that the Recovery Act is working for America. Read more
Federal Housing Programs
- National Council of State Housing Agencies
- National Low Income Housing Coalition
- Joint Center for Housing Studies
- Making Home Affordable Program
- Housing Economic and Market Analysis
- National Housing Conference
- State and Local Housing Policies
- FHL Bank Community Programs
- Federal Financial Assistance Grants
- Housing and Urban Development
- National Rural Housing Coalition
- USDA Rural Development Programs
- Federal Housing Finance Agency
- Federal National Mortgage Association
- Federal Home Loan Mortgage Corporation
- Government National Mortgage Association
- National Housing Trust
- Smart Growth America
The nation's state Housing Finance Agencies advocacy and education for affordable housing
The National Council of State Housing Agencies (NCSHA) was created in 1974, 10 years after the first state Housing Finance Agency (HFA) began issuing housing bonds to finance homes for first-time homebuyers. What began as a small group of executive directors meeting annually has grown into a powerful national association and advocate for HFAs and affordable housing in Washington.
NCSHA represents its members in Washington before Congress, the Administration, and several federal agencies concerned with housing, including HUD and the Treasury, and with other advocates for affordable housing. At the center of HFA activity within the states and NCSHA’s work in Washington are three federally authorized programs:
“Rental and home ownership opportunities for tens of thousands of low income families yearly...”
“Encouraging construction and rehabilitation of affordable apartments with housing credit...”
Focusing on the needs of extremely low income people with a shortage of affordable housing
The National Low Income Housing Coalition (NLHIC) is dedicated solely to achieving socially just public policy that assures people with the lowest incomes in the United States have affordable and decent homes. NLIHC helps to preserve existing federally assisted homes and housing resources, to expand the supply of low income housing and to establish housing stability as the primary purpose of federal low income housing policy.
As a policy advocacy organization, NLIHC is not able to provide direct assistance to people looking for affordable housing. However, they offer a Congress Representative search you can look for help in your area.
“Change public opinion, increase the capacity of low income advocates, and assist policy makers...”
“The National Low Income Housing Coalition has been serving community building needs since 1974...”
Joint Center for Housing Studies of Harvard University
The Joint Center for Housing Studies is Harvard University's center for information and research on housing. The Joint Center analyzes the relationships between housing markets and economic, demographic, and social trends, providing leaders in government, business, and the non-profit sector with the knowledge needed to develop effective policies and strategies.
The Joint Center is a collaborative unit affiliated with the Graduate School of Design and the Harvard Kennedy School. Through its research, education, and public outreach programs, the Joint Center serves as a convener for informed discussion on issues in the housing sector of the nation’s economy. In doing so, it educates business leaders, government officials, policy makers, and the public on critical and emerging factors affecting housing and our communities.
“Making significant housing research available and accessible to audiences both within and outside...”
“Empowering housing research through teaching activities cross disciplinary collaboration...”
Stabilizing the housing market and helping struggling homeowners get relief
In February 2009, the Obama Administration introduced a comprehensive Financial Stability Plan to address the key problems at the heart of the current crisis to get our economy back on track. A critical piece of that effort is Making Home Affordable, a plan to stabilize the housing market and help struggling homeowners get relief and avoid foreclosure.
Homeowners can connect with free HUD-approved counseling organizations, locate free events in their area, find the application documents necessary to apply for the Making Home Affordable Program, as well as find answers to frequently asked questions, and much more. The Making Home Affordable Program includes opportunities to modify or refinance your mortgage to make your monthly payments more affordable.
Help for Homeowners
“Providing eligible home owners the opportunity to modify their mortgages to make them affordable...”
“Provides opportunities for homeowners who can no longer afford to stay in their home but want to avoid...”
U.S. Department of Housing regional economic and market analysis
Economists maintain current data on housing market conditions in the region and prepare regional economic and housing summaries for use in the Department's quarterly publication, "U.S. Housing Market Conditions." They provide quarterly economic updates and respond to requests for reports and briefing materials on specific topics such as housing market conditions, affordable housing needs and homeownership trends. These activities provide the Department of Housing and the nation with current information on housing needs, market conditions, and HUD programs, as well as research on important housing and community development issues.
“HUD Economists prepare analyses and forecasts of economic and housing market conditions...”
“Reporting on housing production, market conditions and trends throughout the US...”
Since 1931, the nonprofit National Housing Conference (NHC) has earned its strong reputation as the United Voice for Housing by actively engaging and convening its membership in nonpartisan advocacy for effective housing policy solutions at the local, state and national levels.
NHC and its partners works to broaden understanding of the nation’s housing challenges and to examine the impact of policies and programs developed to address these needs. Leading housing researchers, as well as conducting independent analysis helping to develop effective policy solutions that increase the availability of affordable homes. NHC and its partners seek to expand the base of support for affordable housing and to develop housing policies that more effectively achieve key social objectives.
United Housing Voice
“Nonpartisan advocacy for effective housing policy solutions at the local, state and national levels...”
“Dedicated to helping ensure safe, decent and affordable housing for all in America...”
HousingPolicy.org is a guide to learn about state and local affordable housing
Created as a resource for state and local leaders and others interested in developing stronger housing policies. The website has many resources and easily accessible information on a broad range of state and local community housing topics.
Learn how individual policies are put together to form a comprehensive housing strategy. The site contains information about why a comprehensive and strategic approach to housing policy is important, how to develop a housing strategy, and the housing strategies that other communities have adopted.
Housing Policy Guide
“Find out how other local communities address their housing challenges...”
Building A Strategy
“Setting goals for a housing strategy, creating a plan, and key ingredients for making it work...”
Federal Home Loan Bank System cooperative bank that offers low-cost banking services
The Federal Home Loan Bank System provides a stable source of funding to federally insured depository institutions. 12 regional banks in the Federal Home Loan Bank System, which raises funds in the global financial markets and distributes the proceeds to members and local communities.
Serving the economic and housing needs of communities by providing local banks with flexible options for community development initiatives. Contributing to community non-profits in the form of grants and subsidized advances that help build affordable housing. These funds have help construct more affordable housing units and have contributed to job growth throughout the region.
FHL BANK Members
“Serving the housing needs of communities by providing community development initiatives.....”
Low Cost Financing
“Affordable home loans and economic development credit to neighborhoods and communities....”
Find and Apply for Federal Financial Assistance Grants
Grants.gov was established as a governmental resource named the E-Grants Initiative, part of the President's 2002 Fiscal Year Management Agenda to improve government services to the public. The concept has its origins in the Federal Financial Assistance Management Improvement Act of 1999, also known as Public Law 106-107. Public Law 106-107 has since sunset and is now known as the Grants Policy Committee.
The web site is managed by the U.S. Department of Health and Human Services and is a central storehouse for information on over 1,000 grant programs providing access to approximately $500 billion in annual awards. The initiative is partnered with many federal agencies to help communities and improve government services to the public.
“Always striving to improve the effectiveness of Federal government grant financial assistance programs...”
Find and Apply
“A source to find and apply for grants that is having an unparalleled impact on the local community...”
Department of Housing and Urban Development - HUD
HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and transform the way HUD does business.
HUD awards grants to organizations and groups for a variety of purposes. Working with local nonprofit organizations to invest in their communities through property rehabilitation and resell to first time home buyers and low to moderate income families.
“Implementation of transparency, participation, and collaboration that form the cornerstone....”
“Tackling the economic, financial, and community development issues of the current environment....”
Support for the need for affordable rural housing for the low-income
In 1969 a group of concerned rural community activists, public officials, and non-profit developers formed the National Rural Housing Coalition (NRHC) to fight for better housing and community facilities for low-income rural people. Today, NRHC is still on the job in the nation’s capital promoting and defending the principle that rural people have the right, regardless of income, to a decent place to live or an affordable home, clean drinking water, and basic community services.
National Rural Housing Coalition works to focus policy makers on the needs of rural areas by direct advocacy and by coordinating a network of rural housing advocates around the nation. Helping those with low wages that are having difficulty securing decent, safe and affordable housing and often reside in overcrowded and unsafe conditions.
An Effective Advocate
“Promote a non-profit delivery system for rural housing and community development programs...”
“Design new programs and improve existing programs to better serve the rural poor communities...”
Expanding economic opportunity, and improving quality of life for rural residents
Committed to reach people who live in areas that have historically been underserved by USDA Rural Development. A large part of this outreach effort will target very-low income residents residents who have traditionally made up a small portion of our borrowers, but who are in great need of assistance in finding quality, affordable housing in their communities.
Community Facilities programs also have an important role to play in improving the lives of rural Americans, financing a wide range of essential community buildings. Community Facilities loans and grants expand access to health care in rural communities by financing hospitals, medical clinics and assisted living facilities.
Committed To Help
“Through the USDA Rural Development financial programs, we touch rural America in many ways...”
“Helping rural individuals, communities and businesses obtain the financial and technical...”
Regulator of Fannie Mae, Freddie Mac and the 12 Federal Home Loan Banks
The Federal Housing Finance Agency (FHFA) was created on July 30, 2008, when the President signed into law the Housing and Economic Recovery Act of 2008. The Act created a regulator with all of the authorities necessary to oversee vital components of our country’s secondary mortgage markets – Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. In addition, this law combined the staffs of the Office of Federal Housing Enterprise Oversight (OFHEO), the Federal Housing Finance Board (FHFB), and the GSE mission office at the Department of Housing and Urban Development (HUD). With a very turbulent market facing our nation, the strengthening of the regulatory and supervisory oversight of the 14 housing-related GSEs is imperative. The establishment of FHFA will promote a stronger, safer U.S. housing finance system.
“Considering the impact of these GSEs on the U.S. economy and mortgage market, it is critical that...”
“To provide effective supervision, regulation and housing mission oversight to promote safety and...”
Tackling the toughest housing challenges across America
The Federal National Mortgage Association, commonly known as Fannie Mae, was set up as a stockholder-owned corporation chartered by Congress in 1968 as a government sponsored enterprise (GSE), but founded in 1938 during the Great Depression. The corporation's purpose is to expand the secondary mortgage market by securitizing mortgages in the form of mortgage backed securities, allowing lenders to reinvest their assets into more lending and in effect increasing the number of lenders in the mortgage market by reducing the reliance on thrifts.
Rather than making home loans directly to consumers, Fannie Mae works with mortgage bankers, brokers and other primary mortgage market partners to help ensure they have funds to lend to home buyers at affordable rates.
Diversity & Inclusion
“FNMA is committed to diversity and inclusion in the workforce, the workplace and the marketplace...”
“Working with partners to help ensure they have funds to lend to home buyers at affordable interest rates...”
Support for the need for affordable rural housing for the low-income
Freddie Mac, one of America's biggest buyers of home mortgages, is a public government sponsored enterprise (GSE). Chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing to buy and sell mortgage backed securities on the open market.
Every day FHLMC helps millions of families in neighborhoods across America buy their own homes or enjoy quality and affordable rental housing by linking them to the world's capital markets. In the process reducing the costs of housing finance and expanding housing opportunities for all families, including low income and minority families. Freddie Mac has opened doors for more than 50 million families.
“Mission is to provide liquidity, stability and affordability to the U.S. housing market...”
“Meeting the needs of the mortgage market by making homeownership and rental housing more affordable...”
Government National Mortgage Association (Ginnie Mae)
Ginnie Mae was established in 1968 to promote affordable home ownership. As a wholly-owned government corporation within the Department of HUD, Ginnie Mae expanded affordable housing in the U.S. by bringing global capital into the nation’s housing finance markets. The Ginnie Mae guarantee allows mortgage lenders to obtain a better price for their loans in the capital markets. Lenders then can use the proceeds to make new mortgage loans available to consumers. This also helps to lower financing costs and create opportunities for sustainable, affordable housing for families seeking home ownership.
Ginnie Mae mortgage backed securities have been delivering results and creating affordable housing opportunities for over 30 million homeowners over the past 35 years.
Path To Homeownership
“Supporting the expansion of affordable housing and mortgage markets through guaranteed securities...”
“Ginnie Mae's goal is to help you better understand the path of homeownership and many opportunities...”
Preserving and improving affordable housing to strengthen communities
The National Housing Trust preserves and revitalizes affordable apartments to better the quality of life for the families and elderly who live there. Saving affordable housing is the essential first step in solving our nation’s housing dilemma. The National Housing Trust is the only national nonprofit engaged in housing preservation through public policy advocacy, real estate development, and lending.
The National Housing Trust advances federal, state, and local policies that create equitable and sustainable communities by safeguarding our nation's affordable homes. Partnering with investors to raise the capital necessary to buy and renovate affordable apartments that are deteriorating or at risk of being converted to market rate the National Housing Trust
“Dedicated to sustainable development that reduces energy use and creates a healthier environment...”
“Helping federal, state, and local policy leaders incorporate green incentives into housing programs...”
Making communities work for everyone
Smart Growth America (SGA) works with communities to help them use land strategically, make the most of existing resources and invest strategically to catalyze private development. SGA is dedicated to providing best practices to local leaders in urban, suburban and rural communities working to create housing and transportation choices near jobs, shops and schools. SGA provides the resources to refine and implement local priorities with smart growth strategies.
Technical assistance has been made possible by a grant from the U.S. Environmental Protection Agency. The grant will be used to provide assistance to communities across the nation on how to develop local solutions to help their communities grow in ways that benefit families and businesses while protecting the environment and preserving a sense of place.
“Targeted assistance to communities that face common development problems in Arizona...”
“Providing the resources to refine and implement local priorities in Arizona with smart growth strategies...”