Federal / Agency News

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.

Affordable housing developers are under pressure to meet soaring demand for multifamily rental units amid rising interest rates and the escalating costs of construction.

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released a revised Community Development Financial Institution (CDFI) Certification Application FAQs document and recorded webinars.  

The Federal Housing Finance Agency‘s (FHFA) recent guidance on the Federal Home Loan Banks (FHLBanks) Affordable Housing Program (AHP), outlined in Advisory Bulletin 2024-05, introduces changes beneficial to developers of affordable multifamily rental projects.  

The recent changes to the HUD Rental Assistance Demonstration (RAD) program offer several potential benefits and implications for non-PHA (private owner) developers who wish to leverage the program for affordable housing initiatives.