Hud restores the affordable housing fairs of non -profit organizations after a profession
“We are pleased to share that HUD has recovered our community compass and distressed cities agreements,” said Shaun Donovan, president and CEO of Enterprise Community partners. “This decision ensures that we can continue our work and offer technical assistance to communities that experience economic need and those who need support most.”
In February, HUD issued a termination knowledge and withdrew financing that supports the Outreach of the organization to local authorities and non -profit organizations that work to rebuild neighborhoods.
The company formally appealed against the decision, which led to its recovery.
Donovan thanked partners and employees for their continuous support during the professional process and said that the organization is committed to “fair, resilient communities” throughout the country.
Enterprise has had more than $ 80 million in technical assistance and direct contracts since 2010, together with more than 700 communities in the US
Last summer, Enterprise a letter submitted at the Federal Housing Financing Office With regard to the duty to serve plans drawn up by the companies sponsored by the government (GSEs) Fannie Mae And Freddie Mac.
The organization ordered the GSEs to take steps to maintain the affordability of real estate that is financed by the Housing Credit Program; commit to energy efficiency goals that are outlined in the duty to serve the program; Address insurance premiums and resilience of real estate; And improve activities related to Indian and tribal homes.
