News

The Federal Housing Finance Agency recently proposed benchmark goals for Fannie Mae and Freddie Mac (the “GSEs”) in serving low income households for both single and multifamily.

On June 30, 2017, HUD published its new Section 8 Renewal Policy Guide. Read on for a summary of changes.

While The Office of Management and Budget requested $462 billion for nondefense discretionary spending, House appropriators have decided to draft allocations assuming a $511 billion topline instead.

Many states will see a jump in their Housing Trust Fund (HTF) allocation for FY 2017.

This is the thirteenth edition of the report and NMTC President Robert Davenport said the quality of last year’s projects “bests any previous year.”

The Joint Center for Housing Studies of Harvard University (JCHS) released its new “The State of the Nation’s Housing” report for 2017. The report analyzes the national housing market in terms of housing demand and supply, home prices, and construction volumes.

Overall, this year’s CPD budget represents a 2% increase in allocation over 2016.

Requirements range greatly across states and localities as far as incomes served, length of affordability, and incentives.

HUD’s recent Federal Register Notice announces the release of 2017 Renewal Funding Inflation Factors (RFIFs) used for allocating Housing Choice Vouchers funds to PHAs.

The Senate Committee on Banking, Housing, & Urban Affairs will meet in open session to conduct a hearing for the Chairman of the Council of Economic Advisers and for the Deputy Secretary of Housing and Urban Development.

Mr. Compton currently serves as leader of Bradley Arant Boult Cummings LLP’s Affordable Housing and Community Development practice out of the Birmingham office.

HUD is seeking public comment on these changes, due by June 26, 2017.