The U.S. Department of the Treasury recently issued the final rule for the State and Local Fiscal Recovery Funds (SLFRF). While the final rule responds to a concern housing stakeholders raised about the interim rule by expanding eligibility for where recipients can use SLFRF for affordable housing development without further analysis and justification, it does not include many of our recommendations. Read more from the National Council of State Housing Agencies.
Related Posts
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).