Federal / Agency News

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 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:

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.

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). 

At NH&RA’s Fall Developers Forum in Boston a couple weeks ago, Bennett Applegate, Jr. of Applegate & Thorne-Thomsen and Jesse Elton of The Community Builders provided some clarity on the nuances of Faircloth to RAD and the opportunities the program has created.  

Safehold (NYSE: SAFE) is a pioneering company in the modern ground lease industry, offering an innovative financing model to address the high costs of land acquisition in real estate development.

President-elect Donald Trump has nominated Scott Turner, a former Texas legislator, NFL player and community advocate, to serve as Secretary of the U.S. Department of Housing and Urban Development.

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.

The Low Income Investment Fund (LIIF) is a Community Development Financial Institution (CDFI) that provides financing to support affordable housing, with a focus on serving low-income and underserved communities.