Federal / Agency News

House and Senate Appropriations Committees are racing to pass Fiscal Year (FY) 2024 funding ahead of the August recess and September 30 fiscal year end.

The first application review period (wave) for the Green and Resilient Retrofit Program (GRRP) Leading Edge Awards will close in approximately two weeks at 11:59 PM ET on July 31, 2023.

The U.S. Department of the Treasury recently released an analysis that examines how state, local, territorial and Tribal governments have used their allocated grants under the State and Local Fiscal Recovery Funds (SLFRF) Program.

The Housing and Insurance subcommittee of the House Financial Services Committee will hold a hearing at 9 a.m. ET on July 14 entitled “How Mandates Like ESG Distort Markets and Drive Up Costs for Insurance and Housing.”

Fannie Mae released its second annual Environmental, Social and Governance (ESG) report, which highlights its efforts to help homeowners, buyers and renters; support the transition to greener buildings; and foster an engaged and inclusive workforce.

The North Dakota Department of Commerce Division of Community Services (NDDCS) announced the opening of a pre-application period for the CDBG FY2023, which ends on July 27

HUD created a new Office of Manufactured Housing Programs as an independent office within the Federal Housing Administration.

HUD announced the Increasing the Supply of Affordable Housing page on the HUD Exchange.

Last year, the Biden-Harris administration launched the Interagency Community Investment Committee (ICIC), a coalition of agencies with a focus on aligning federal investments to support economic growth in historically underserved communities and address economic disparities.

The Federal Housing Administration (FHA) published a Mortgagee Letter that increases the threshold at which a multifamily loan is considered a large loan from $75 to $120 million.

Last week, Representative Maxine Waters (D-CA) introduced a package of three bills aimed at tackling the affordable housing crisis, ending homelessness and eliminating the racial wealth and homeownership gaps.

HUD issued a notice with proposed changes to calculate fair market rents (FMRs), including a change in the definition of “recent mover” to include residents who have lived in their current household for 11 months or less and to retain and to expand the use of rent inflation factors calculated by private-sector sources.