HUD Publishes Davis-Bacon Labor Standards: Agency/Contractor Guide and Contractor Addendum

HUD published the Davis-Bacon Labor Standards: Agency/Contractor Guide and Contractor Addendum. The Guide and Addendum are new and improved compliance resources created with usability in mind – they are accessible and searchable desktop resources that can be used to answer questions at a glance.

Note: These two new guides replace the following guidance documents: Making Davis-Bacon Work: A Practical Guide for States, Indian Tribes and Local Agencies (2011) and Davis-Bacon Labor Standards: A Contractor’s Guide to Prevailing Wage Requirements for Federally Assisted Construction Projects (2012).

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).