House Appropriations Subcommittee Advances FY 2023 THUD Funding Bill House Appropriations Subcommittee Advances FY 2023 THUD Funding Bill

Last week, the House Appropriations Subcommittee on Transportation, and Housing and Urban Development, and Related Agencies approved by voice vote its fiscal year 2023 funding bill. The bill includes an increase of $8.9 billion for HUD. The bill will now head to the full committee for a markup on June 30 at 10 a.m. ET.

HUD Programs
(In millions)	FY22 Enacted	FY23 President Budget Request	FY23 House
Tenant-Based Rental Assistance	27,370	32,130	31,043
Public Housing Capital Fund	3,388	3,720	3,670
Public Housing Operating Fund	5,064	5,060	5,063
Choice Neighborhoods Initiative	350	250	450
Hsg. Opp. for Persons with AIDS (HOPWA)	450	455	600
Community Development Fund (CDBG)	4,841	3,770	5,299
HOME Investment Partnerships	1,500	1,950	1,675
Project-Based Rental Assistance (PBRA)	13,940	15,000	14,940
Hsg. for the Elderly (202)	1,033	966	1,200
Hsg. For Persons w/Disabilities (811)	352	288	400

Source: National Low Income Housing Coalition

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).