Federal / Agency News

Affordable housing developers are facing significant challenges due to the rising cost of property insurance as outlaid in a recent New York Times article.

The Biden-Harris administration awarded nearly $140 million to expand affordable housing for people with disabilities through the Department of Housing and Urban Development’s Section 811 Project Rental Assistance program.

The Department of Housing and Urban Development has launched the Legacy Challenge to encourage communities to use Section 108 through the Community Development Block Grants to build housing.

A report from The Providence Journal highlights a new pilot initiative by the Providence Affordable Housing Trust Fund.

Modular construction is gaining momentum as a solution to the affordable housing gap.

The Biden-Harris administration has introduced an update to a Department of Housing and Urban Development financing program that will help state and local Housing Finance Agencies build more affordable homes.

The Department of Housing and Urban Development has issued a Request for Information (RFI) in the Federal Register to gather public feedback on its Choice Neighborhoods (CN) program.

The White House and Republicans are exploring a plan to sell federal land to developers as a solution to close the housing gap in the U.S.

The Federal Housing Finance Agency (FHFA) released a Request for Input (RFI) to gather suggestions on enhancing the application procedures for members and project sponsors seeking funding from the Federal Home Loan Banks’ (FHLBanks) Affordable Housing Program (AHP).

Recent bipartisan efforts in Congress aim to address the affordable housing shortage by converting distressed and vacant commercial real estate into residential properties. Notably, the Revitalizing Downtowns and Main Streets Act, introduced by Representatives Mike Carey (R-OH) and Jimmy Gomez (D-CA), proposes a temporary 20 percent tax credit for converting underutilized commercial buildings that are at least 20 years old into affordable housing.

The Biden-Harris administration is investing $325 million through HUD’s Choice Neighborhoods program to build new homes and revitalize seven communities across the U.S.

The Joint Center for Housing Studies explores how traditional housing affordability programs primarily target low-income households, leaving middle-income earners in a precarious position.