The Biden-Harris administration released All In: The Federal Strategic Plan to Prevent and End Homelessness. The plan sets a goal to reduce homelessness by 25 percent by 2025 and outlines new strategies to prevent homelessness and increase the supply of housing with supportive services.
The U.S. Interagency Council on Homelessness also announced a new initiative to help cities and states reduce unsheltered homelessness.
The Community Development Financial Institutions (CDFI) Fund announced the opening of the 2024-2025 New Markets Tax Credit (NMTC) application round, with notice of allocation availability expected to be published in Thursday’s Federal Register.
HUD is marking the 50th anniversary of the Housing Choice Voucher (HCV) program, established under the Housing and Community Development Act of 1974.
The Department of Housing and Urban Development (HUD) has proposed draft Mortgagee Letters adjusting underwriting standards for affordable multifamily housing loans.
The Federal Housing Finance Agency (FHFA) has raised the multifamily loan purchase caps for Fannie Mae and Freddie Mac to $146 billion in 2025, up from $142 billion in 2024. Workforce housing loans will continue to be exempt from the caps.