House Appropriations Committee Holds HUD Oversight Hearing

On March 28 at 10 a.m. ET, the Transportation, Housing and Urban Development and Related Agencies (THUD) subcommittee of the House Appropriations Committee will hold its annual Oversight Hearing with Inspectors General from HUD and the Department of Transportation. HUD Inspector General Rae Oliver Davis will cover the following topics within her testimony.

Initiatives to Reduce Environmental and Public Health Hazards; and
HUD’s Top Management Challenges and Corresponding OIG Oversight:
- Ensuring access to and availability of affordable housing;
- Mitigating counterparty risks in mortgage programs;
- Eliminating hazards in HUD-assisted housing;
- Managing human capital;
- Increasing efficiency in procurement;
- Improving information technology (IT) modernization and cybersecurity;
- Sustaining progress in financial management;
- Administering disaster recovery;
- Grants management; and
- Fraud risk management.

The hearing will be held in room 2358-A of the Rayburn House Office Building and live-streamed here.

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).