News

HUD has announced that the latest HOME Monthly Reports, as of November 30, 2024, are now available. Why it matters: These reports are crucial for Participating Jurisdictions (PJs) to effectively track and manage their housing initiatives. Details: The bottom line: These reports empower PJs to optimize their housing strategies, ensuring effective use of resources and […]

Ginnie Mae has released its Fiscal Year 2024 (FY24) Annual Financial Report, and the numbers and initiatives are making an impact.  Here are a few key takeaways:

The Rural Housing Service (RHS) Office of the Multifamily Housing announced an updated Form RD 3560-8 Tenant Certification for the July 1, 2025 implementation of the changes to income and asset calculations due to the Housing Opportunity Through Modernization Act (HOTMA).  

Gov. Tina Kotek released the Governor’s Recommended Budget (GRB), detailing her vision to build on housing progress.

Oregon Housing and Community Services (OHCS) unveiled the first State of the State’s Housing Report for Oregon, providing an in-depth analysis of housing availability and affordability across the state. 

Oregon Housing & Community Services is funding the creation, preservation and rehabilitation of more than 400 affordable homes across the state. These homes will help fill the need for housing for Oregonians with low incomes, including seniors, youth, and Black, Indigenous, and People of Color (BIPOC) communities.

The agencies that administer New Hampshire’s federal funds of Community Development Block Grant (CBDG), Emergency Solutions Grant (ESG), HOME Investment Partnerships Program (HOME), HOME- American Rescue Plan (HOME-ARP) and Housing Trust Fund (HTF) are having a consultation meeting for input into the activities that will be federally funded for the state’s 2025 Action Plan.

The draft LIHTC Qualified Allocation Plan (QAP) for 2025-2026 has been posted to HLC’s website.

The northeast regional affordable housing community had the opportunity to receive an update on agency executions for workforce housing from PGIM’s Michael Lostocco at the NH&RA Fall Developers Forum. Fannie Mae and Freddie Mac have developed voluntary programs aimed at addressing housing affordability, particularly for middle-income renters.

Fannie Mae and Freddie Mac (the Enterprises) will seek to extend housing access in rural underserved markets, enhance their support for manufactured housing and continue addressing liquidity needs for first-time homebuyers, among a host of activities outlined in plans published by the Federal Housing Finance Agency (FHFA). 

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.  

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