National Alliance of Community Economic Development Associations                  September 16, 2021

Federal News 

$320+ Billion in Housing Investments Advances with Notable Disappointment
The House Financial Services Committee approved over $320 billion in housing and community development investments on Tuesday as part of the budget reconciliation process. The investment represents truly historic funding levels, though the House version advanced this week contains a notable disappointment. Tuesday’s version eliminated a set-aside in the HOME Program (referred to as CHDO) that would have made accessing HOME dollars easier for communities of color and for smaller community-based organizations serving the hardest to reach people and places. NACEDA is hoping the House reconsiders. We will work with allies in the Senate to have the set-aside reinserted.

The updated bill now includes:
  • $34.77 billion for the HOME Investment Partnerships Program;
  • $5.7 billion for the Community Restoration and Revitalization Fund in competitive grants;
  • $4.26 billion in competitive grants under the Unlocking Possibilities Program to eliminate exclusionary zoning and land use policies;
  • $6.6 billion for the Community Development Block Grant program. 
The Neighborhood Homes Investment Act is also progressing through the budget reconciliation process. The bill would create a new federal tax credit to support the construction and rehabilitation of single-family, owner-occupied homes in distressed communities. Learn more


NACEDA Board Nomination Open Through October 8 
Help us identify diverse candidates who represent the core values of NACEDA and the community economic development field who might be willing to serve and strengthen us. If you or someone you know are looking to feel more connected to the work that NACEDA is doing and to build a strong relationship with the staff and other board members, we encourage you to submit your nomination today! The nomination form includes information about board member responsibilities and the selection process. We are currently soliciting nominations for at least three open seats this year with an emphasis on voting members. New board members will serve three-year terms from 2022-2024.

HUD Secretary Marcia L. Fudge to Keynote Resilient Communities
Secretary Marcia FudgeRegistrations are currently under way for the Resilient Communities: The National Forum, which includes the NACEDA Summit. This 2-in-1 virtual event will take place on Oct 4-8 and Oct 18-20 respectively. Hear keynote remarks from HUD Secretary Marcia L. Fudge. NACEDA is excited to present a robust lineup of policy workshop sessions, including Summit sessions that focus on the role of community development associations.

Federal policy sessions include:
    • Housing & Community Development in the National Spotlight
    • Implementing the American Recovery Plan
    • The Big Questions Surrounding CRA Reform
    • Protecting Communities as LIHTC Affordability Periods Expire

Registration is all-inclusive, so you can attend any and all sessions. The first 200 NACEDA registrants will receive a Summit Care Package with unique treats from minority-owned small businesses. NACEDA member rate: $75. Nonmember rate: $125. Not sure if you're a member? Contact Membership Director Jeremy Brownlee at [email protected].

Funding & Job Opportunities

TD Charitable Foundation Launches Housing for Everyone Grant Competition
This year’s Housing for Everyone competition will provide $5.8 million to help affordable housing providers offer needed resident services like workforce development and eviction prevention. Grants will range in size from $150,000 - $250,000. Online applications will be accepted until 4 pm on October 28, 2021. Learn more and email questions to [email protected] with
"Housing for Everyone" in the subject line.

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