HUD has recently issued a guide for local and state governments titled Quick Guide to Using HUD’s Community Planning and Development Programs. The Quick Guide was created to assist state and local governments in the utilization of their HUD Community Planning and Development (CPD) funds to increase their supply of new affordable housing units, including affordable housing developments financed by LIHTC. It highlights various financing tools that can be used in conjunction with HUD’s annual CPD programs, commonly used sources for affordable housing production, creative affordable housing models, and six project profiles of actual affordable housing developments that used CPD funds as part of the financing. HUD has stated that the Quick Guide is the first part of a series of affordable housing resources designed to provide key introductory information to those who want to understand more about affordable housing, with additional resources coming soon.
To access the Quick Guide for CPD Programs (also attached), click here.