Federal / Agency News
New Report Shows a Surging Rental Market, Starkly Divided by Race and Renter Incomes
Rental housing demand came roaring back in the second year of the pandemic, reducing vacancy rates and driving up rents, according to the America’s Rental Housing 2022 report from the Harvard Joint Center for Housing Studies.
Treasury Adopts Final Rule for Fiscal Recovery Funds
The U.S. Department of the Treasury recently issued the final rule for the State and Local Fiscal Recovery Funds (SLFRF).
Democratic HFSC Members Send Letter to HUD, NY and Philadelphia Housing Authorities Regarding Deadly Fires
House Committee on Financial Services Chairwoman Maxine Waters (D-CA) and several Democratic Members of the Committee, including Reps. Emanuel Cleaver (D-MO), Ritchie Torres (D-NY), Alexandria Ocasio-Cortez (D-NY) and Madeleine Dean (D-PA), sent letters to HUD Secretary Marcia Fudge, as well as to New York and Philadelphia housing authorities, local officials and property owners following the two recent fire-related tragedies.
Salazar Appointed HUD Regional Administrator
President Joe Biden (D) appointed Oregon Housing and Community Services Executive Director Margaret Salazar to serve as the HUD Administrator for Region 10.
Treasury Begins Emergency Rental Assistance Reallocation Process
Treasury released new data on the first round of reallocation of Emergency Rental Assistance authorized under the Consolidated Appropriations Act of 2021 (ERA 1).
NPS Report Finds Historic Tax Credit Contributed to $7.3 Billion in Investments in FY 2020
In fiscal year 2020, the HTC created 122,000 jobs across the country, contributed $13.8 billion in economic output, added $7 billion in GDP and generated $1.8 billion in tax revenue at the federal, state and local levels, according to the NPS Annual Report on the Economic Impact of the Federal HTCs for Fiscal Year 2020.
FCC Launches Affordable Connectivity Program
The Federal Communications Commission (FCC) recently launched the Affordable Connectivity Program (ACP).
FHFA Establishes New, Higher Affordable Housing Goals for Fannie Mae, Freddie Mac
The Federal Housing Finance Agency published a final rule establishing updated affordable housing goals for Fannie Mae and Freddie Mac.
HUD Seeks Assistance Housing Afghan Refugees
HUD Multifamily is gathering vacancy and potential resource information to assist Afghan evacuees/refugees as they are resettled in the U.S. and seek permanent housing.
Updated NMT Application FAQs
The Community Development Financial Institutions Fund (CDFI Fund) updated Application FAQ in response to specific questions raised during a webinar.
Senate Approves Alanna McCargo as Ginnie Mae President
The Senate approved Alanna McCargo as president of Ginnie Mae by a voice vote on December 14.
HUD, HHS Launch Housing and Services Resource Center
HUD and the Department of Health and Human Services (HHS) recently announced an expansion of their partnership and the creation of a new national Housing and Services Resource Center.