The U.S. Department of Housing and Urban Development (HUD) awarded a total of $75 million in loan guarantee commitments to the cities of Omaha, Nebraska, Oakland, Fresno, and Redding in California. This funding will enable transformative investments in housing, community facilities, and economic development.
“The Biden-Harris Administration and HUD are committed to building and preserving more housing, supporting small businesses, and strengthening communities,” said Secretary Marcia L. Fudge. “This loan guarantee will support projects in Nebraska and California that will transform their economies and communities.”
The $75 million provided through the Section 108 Loan Guarantee Program will support impactful projects that build stronger communities and provide inclusive, robust opportunities for low- and moderate-income individuals.
- $20 million to Omaha, NE: The City of…
