News

Federal Housing Finance Agency

Input on Proposed Modifications to the Enterprises’ 2022-2024 Duty to Serve Plans Due Dec. 6

The Federal Housing Finance Agency (FHFA) issued a Request for Input (RFI) on Fannie Mae and Freddie Mac’s (the Enterprises’) proposed modifications to their 2022-2024 Duty to Serve Plans.  FHFA will accept comments through December 6 via this form.

Federal Housing Finance Agency

FHFA to Host Property Insurance Symposium – Nov. 14 & 15

The Federal Housing Finance Agency will hold a the first in a series of property insurance symposiums on November 14 and 15, 2023.

QAP New Jersey

New Jersey Board Approves Urban Preservation Program, Workforce Housing Program

The New Jersey Housing and Mortgage Finance Agency’s (NJHMFA) board of directors approved two new programs, the Urban Preservation Program (UPP) and Workforce Housing Program (WHP).

house-of-representatives-seal

House Resumes Business with 16 Days of Funding Left

Last week, House Republicans elected Rep. Mike Johnson (R-LA) as Speaker.

NCSHA

NCSHA Releases 2023 Update of Recommended Practices

NCSHA released the 2023 update of recommended practices, which are voluntary standards in Housing Credit allocation, underwriting and compliance monitoring that all states should consider adopting.

HUD

HUD Announces Launch of Build America, Buy America Webpage

HUD announced the launch of the Build America, Buy America Act (BABA) webpage on the HUD Exchange.

HUD

HUD Updates Metros Subject to Small Area FMRs

HUD published a notice listing additional areas subject to small area fair market rents (SAFMRs) in the housing choice voucher program.

USDA Rural Development

USDA Publishes Proposed Rule Updating Insurance Requirements for Multifamily Housing Programs

The U.S. Department of Agriculture’s Rural Housing Service (RHS) Office of Multifamily Housing announced a proposed rule that would update the insurance coverage and deductible requirements that have been in place since 2004 for its multifamily direct loan and grant programs.

General News

White House Action to Create More Affordable Housing by Converting Commercial Properties to Residential Use

The Biden–Harris administration announced a set of initiatives by several federal agencies to support the conversion of high-vacancy commercial buildings to residential use, including through new financing, technical assistance and sale of federal properties.

QAP California

California Announces NOFA for $172 Million

The California Department of Housing and Community Development (HCD) released the final National Housing Trust Fund (NHTF) guidelines and  Notice of Funding Availability (NOFA) of approximately $172 million.

Virginia

Virginia Housing Announces Appointment of Interim CEO

Virginia Housing’s Board of Commissioners announced the appointment of Janet Wiglesworth as the housing finance agency’s interim chief executive officer, effective January 1.

General News

AHF Announces 2023 Young Leaders

Congratulations to the NH&RA members with staff members selected as the 2023 Young Leaders by Affordable Housing Finance

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