News

Governor Gavin Newsom announced that California has become the first state in the nation to secure FEMA approval to provide safe isolation capacity for tens of thousands of people experiencing homelessness in California in order to protect them and the state from COVID-19.

NH&RA submitted comments to the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation’s (FDIC) proposed rule on Community Reinvestment Act (CRA) regulations. Comments can be submitted through 11:59 pm ET.

The Office of Multifamily Housing at HUD posted a recording of its most recent COVID-19 response call. HUD will continue to post recordings on its SoundCloud page due to the overwhelming demand and technical issues on HUD’s conference line.

HUD has posted new training videos on Asset Repositioning that outline the HUD tools available to Public Housing Agencies (PHAs) to transition their inventories to the Section 8 platform and illustrates through a fully developed case study how those tools can be used in combination.

Fannie Mae released updated COVID-19 Forbearance Process Guidance following the enactment of the Coronavirus Aid, Relief and Economic Security Act (CARES Act). The guidance outlines the necessary steps for submitting delegated forbearance notifications for a Borrower impacted by COVID-19. Fannie Mae is also updating the intake process for submitting non-delegated forbearance requests and modifications. Effective […]

Last week California Governor Newsom made three key housing leadership appointments. Gustavo Velasquez was named director of the California Department of Housing and Community Development (HCD). Zack Olmstead was appointed chief deputy director at HCD. HCD’s Doug McCauley was appointed commissioner of the California Department of Real Estate by Governor Newsom.

The California Department of Housing and Community Development (HCD) awarded a total of $85.5 million to developers and counties throughout California in the first round of funding for the Housing for a Healthy California program. Funding for the program comes from both the Federal National Housing Trust Fund and California’s Building Homes and Jobs Trust Fund.

The Community Development Financial Institutions Fund (CDFI Fund) received questions from organizations about upcoming application and compliance deadlines, and if anything is expected to change. We are taking these requests seriously in light of the unprecedented situation many CDFIs find themselves in today. CDFI Fund staff are routinely evaluating our processes and procedures to ensure they are in alignment with day-to-day impediments that organizations are being forced to navigate.

This Builder dashboard tracks how states with a stay-at-home mandate classify construction and building material suppliers.

The National Low Income Housing Coalition (NLIHC) released research notes, “The Need for Emergency Rental Assistance During the COVID-19 and Economic Crisis,” that concludes that Congress must invest up to $100 billion to keep the lowest-income households stably housed over the next year during and in the immediate wake of the COVID-19 pandemic. The report […]

Stewards of Affordable Housing for the Future (SAHF) launched a COVID-19 Resource Page through the CORES website. This is intended to be a place for resident services practitioners and frontline staff addressing resident needs to access and share useful resources and templates.

The Urban Institute recently published two blogs: The CARES Act Eviction Moratorium Covers All Federally Financed Rentals—That’s One in Four US Rental Units and We Must Act Quickly to Protect Millions of Vulnerable Renters. Urban estimates that eviction moratoria covering federally financed properties will apply to roughly 12.3 million (28 percent) of the 43.8 million […]