HUD’s Office of Recapitalization Opens “Office Hours” for RAD Questions

HUD’s Office of Recapitalization (Recap) is hosting “Mod Rehab Talk” office hours for Moderate Rehabilitation (Mod Rehab) owners to schedule times to speak with HUD staff one-on-one to discuss their properties, questions about Rental Assistance Demonstration (RAD) conversion, preservation strategies, and the RAD application process. Owners will be able to sign up for individual 30-minute sessions with HUD staff during designated times each week on Tuesdays and Thursdays from 2:00 – 4:00 PM EST. After this initial call, owners who need further consultation and guidance may be referred to TA providers for on-call direct TA.

Sign up today for one of the 30-minute sessions. You may also sign up on the RAD and Multifamily Housing Preservation pages on the HUD Exchange.

In addition to these scheduled sessions, you are always welcome to contact HUD Recap staff by emailing rad2@hud.gov at your convenience to discuss your property and RAD conversion questions.

HUD Releases HOME Monthly Reports

HUD has announced that the latest HOME Monthly Reports, as of November 30, 2024, are now available. Why it matters: These reports are crucial for Participating Jurisdictions (PJs) to effectively track and manage their housing initiatives. Details: The bottom line: These reports empower PJs to optimize their housing strategies, ensuring effective use of resources and […]

Ginnie Mae’s FY24 Annual Financial Report

Ginnie Mae has released its Fiscal Year 2024 (FY24) Annual Financial Report, and the numbers and initiatives are making an impact. Here are a few key takeaways:

Workforce Housing Debt Financing Updates

The northeast regional affordable housing community had the opportunity to receive an update on agency executions for workforce housing from PGIM’s Michael Lostocco at the NH&RA Fall Developers Forum. Fannie Mae and Freddie Mac have developed voluntary programs aimed at addressing housing affordability, particularly for middle-income renters.

FHFA Unveils Enterprises’ Three-Year Plans to Improve Housing Opportunities for the Underserved

Fannie Mae and Freddie Mac (the Enterprises) will seek to extend housing access in rural underserved markets, enhance their support for manufactured housing and continue addressing liquidity needs for first-time homebuyers, among a host of activities outlined in plans published by the Federal Housing Finance Agency (FHFA).