Federal / Agency News
FY 2017 Capital Magnet Fund Workshop Registration Closes 7/14
Registration is now open to attend in-person application workshops for the fiscal year (FY) 2017 application round of the Capital Magnet Fund.
“Now or Never” for GSE Reform
Federal Reserve Governor Jerome Powell delivered remarks last week at American Enterprise Institute and gave his opinion on reforming the Government Sponsored Enterprises Fannie Mae and Freddie Mac.
HUD Appropriations Bill Advances to Full Committee Without Amendment, 1.3% Reduction Over 2017
T-HUD Bill Goes Through Committee Mark-Up, Forwarded to Full Committee Without Amendment.
Congresswoman Maxine Waters Introduces Bill to Fully Fund Public Housing
The Public Housing Tenant Protection and Reinvestment Act of 2017 would reform several rules related to public housing, as well as fully fund the public housing stock.
FHFA Releases Estimates for 2018-2020 GSE Housing Goals, Comments Due 9/5
The Federal Housing Finance Agency recently proposed benchmark goals for Fannie Mae and Freddie Mac (the “GSEs”) in serving low income households for both single and multifamily.
HUD Publishes New Sec. 8 Renewal Policy Guide
On June 30, 2017, HUD published its new Section 8 Renewal Policy Guide. Read on for a summary of changes.
First Drafts of House Spending Bills Come in Higher than White House Budget Proposal
While The Office of Management and Budget requested $462 billion for nondefense discretionary spending, House appropriators have decided to draft allocations assuming a $511 billion topline instead.
Housing Trust Fund Receives Allocation Boost
Many states will see a jump in their Housing Trust Fund (HTF) allocation for FY 2017.
HUD Publishes 2017 Community Planning and Development Budget
Overall, this year’s CPD budget represents a 2% increase in allocation over 2016.
HUD Publishes Section 8 2017 Renewal Funding Inflation Factors for PHAs
HUD’s recent Federal Register Notice announces the release of 2017 Renewal Funding Inflation Factors (RFIFs) used for allocating Housing Choice Vouchers funds to PHAs.
Confirmation Hearing For Dep. Secretary Nominee Scheduled for June 6
The Senate Committee on Banking, Housing, & Urban Affairs will meet in open session to conduct a hearing for the Chairman of the Council of Economic Advisers and for the Deputy Secretary of Housing and Urban Development.
Paul Compton to be Nominated to Serve as U.S. Department of Housing and Urban Development General Counsel
Mr. Compton currently serves as leader of Bradley Arant Boult Cummings LLP’s Affordable Housing and Community Development practice out of the Birmingham office.