Multinational financial services company Citigroup was bailed out by federal stimulus funds after taking large losses on bad mortgages. Today, Citi Foundation is helping fund projects in 10 metro areas to increase stability and prevent foreclosures.
In a press release yesterday, The Citi Foundation announced a $2.75 million grant to the Housing Partnership Network, and specifically to fund their Innovations in Neighborhood Stabilization and Foreclosure Prevention Initiative:
"The initiative will provide leading community-based housing organizations with grants and other resources to support high-impact neighborhood revitalization projects that can yield important lessons and be replicated in communities across the country.
The grant awards will fund 10 different neighborhood stabilization initiatives over a two-year period, and will be managed by 12 HPN member organizations. Two of the grants have a national focus, while the others target specific communities that have been heavily impacted by mortgage delinquency and foreclosure."
San Diego to Rescind Multi-Unit ADU Rule
The city wants to close a loophole that allowed developers to build apartment buildings on single-family lots as ADUs.
HUD Announces Plan to Build Housing on Public Lands
The agency will identify federally owned parcels appropriate for housing development and streamline the regulatory process to lease or transfer land to housing authorities and nonprofit developers.
Has President Trump Met His Match?
Doug Ford, the no-nonsense premier of Canada's most populous province, Ontario, is taking on Trump where it hurts — making American energy more expensive.
California Bill Aims to Boost TOD
A bill proposed by Sen. Scott Wiener would exempt transit agencies from zoning rules near ‘high-quality’ transit stops and allow denser transit-oriented development.
Report: One-Fifth of Seattle Households Are Car-Free
According to one local writer, the city’s low rate of car ownership should encourage officials to support public transit and reduce parking minimums.
California Lawmakers Move to Protect Waterways
Anticipating that the Trump EPA will reinstate a 2017 policy that excluded seasonal wetlands and waterways from environmental protections.
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