HUD has announced its second round of NSP funding.  Unlike the first NSP funding round where HUD funds were allocated based on a CDBG formula, this round will be a national competition.  Applicants have 150 days from May 3, 2009 to submit their proposals.  Eligible activities include those that address home foreclosure and abandonment, capacity [...]

MSHDA published its draft application for TCAP funding late last week.  Go to: http://www.michigan.gov/mshda/0,1607,7-141-5546-211383–,00.html to view this proposal for HUD funding.

1.  Approved sale of both single family and multi-family bonds.  The sale of the single family bonds will help re-open the program. 
2.  Approved Draft Lending Parameters for Multi-family program.  These are posted on the MSHDA website and comments are still being accepted.  A final version of the Lending Parameters will be considered at the June [...]