General News
FHFA Director Sandra Thompson’s Statement on Best Practices for Adverse Action Notices for Renters
A written notice paired with a report copy allows the borrower to demonstrate they have fulfilled their legal obligations under the Fair Credit Reporting Act (FCRA), and also permits rental applicants to understand the basis for any denial, fully assert their rights with tenant screening companies, and more effectively correct their records.
NH&RA Submits Comments on NCSHA’s Proposed Revisions to Recommended Practices in Housing Credit Administration
NH&RA submitted comments to the National Council of State Housing Agencies’ (NCSHA) draft proposed revisions to its Recommended Practices in Housing Credit Administration (summary, red-line).
NH&RA Submits Comments to FHFA’s Request for Input on Multifamily Tenant Protections
Last week, NH&RA submitted comments to the Federal Housing Finance Agency’s (FHFA) Request for Input (RFI) on tenant protections at multifamily properties with mortgages backed by Fannie Mae and Freddie Mac (the Enterprises).
Rural Development Publishes Procedural Notice 589
Rural Development (RD) published Procedural Notice (PN) 589 announcing management fees for Fiscal Year (FY) 2024.
HUD Posts CDBG-DR and MIT Monthly Performance Reports
HUD announced that it posted the latest versions of the Community Development Block Grant Disaster Recovery (CDBG-DR) and CDBG-Mitigation (CDBG-MIT) Monthly Performance Reports.
Olson Named South Dakota Housing Director
Chas Olson has been appointed executive director of South Dakota Housing.
KHC Offers Operating Grants to Nonprofit Partners
Kentucky Housing Corporation (KHC) announced a funding application for modest operating grants, open on August 1, to nonprofit partners across the Commonwealth.
NCSHA Releases Draft Recommended Practices in Housing Credit Administration
The National Council of State Housing Agencies (NCSHA) released the draft of its updated Recommended Practices in Housing Credit Administration (summary and red-line version).
Rhode Island Extends State Historic Credit Sunset through June 30, 2024
Rhode Island Governor Daniel McKee (D) recently signed H.B. 6016, which extends the sunset date of the state historic tax credit (HTC) to June 30, 2024 or until the maximum aggregate credits is exhausted.
Kansas Housing Provides $154 Million for Affordable Housing Development
Kansas Housing (KH) announced that it will add a collective 522 affordable homes to their housing stock, thanks to funds awarded through the state’s competitive housing development application process.
Oregon Approves $103.5 Million in LIFT Funding
The Oregon Housing Stability Council approved $103.5 million in Local Innovation Fast Track (LIFT) funding to go to 10 affordable housing developments across the state.
Applications for FHLBank of Pittsburg’s AHP, Voluntary Housing Grant Initiative Due Aug. 9
The 2023 funding round for the Federal Home Loan Bank of Pittsburgh’s Affordable Housing Program (AHP) and voluntary housing grant initiative is now open with approximately $20.3 million in available funding for AHP and $8 million for the voluntary housing grant initiative.