News

Wisconsin Enacts Bipartisan Package of Affordable Housing Legislation

Wisconsin Governor Tony Evers (D) signed five bipartisan bills to address the need for more affordable housing options in Wisconsin.

Hawaii Enacts Legislation to Increase Affordable Housing, Reduce Homelessness

Hawaii Governor Josh Green (D) signed ten bills that will expand access to affordable housing and provide much-needed assistance to families and individuals who might be at risk of becoming homeless:

HUD Creates Office of Manufactured Housing Programs within Office of Housing

HUD created a new Office of Manufactured Housing Programs as an independent office within the Federal Housing Administration.

HUD Releases Increasing the Supply of Affordable Housing Tool

HUD announced the Increasing the Supply of Affordable Housing page on the HUD Exchange.

Biden-Harris Administration Promotes Equitable Community Development

Last year, the Biden-Harris administration launched the Interagency Community Investment Committee (ICIC), a coalition of agencies with a focus on aligning federal investments to support economic growth in historically underserved communities and address economic disparities.

FHA Multifamily Mortgages up to $120 Million Now Eligible for Standard Underwriting

The Federal Housing Administration (FHA) published a Mortgagee Letter that increases the threshold at which a multifamily loan is considered a large loan from $75 to $120 million.

Ranking Member Waters Proposes Billions to Expand Low-Income Housing

Last week, Representative Maxine Waters (D-CA) introduced a package of three bills aimed at tackling the affordable housing crisis, ending homelessness and eliminating the racial wealth and homeownership gaps.

Comments on HUD’s Proposed FMR Calculation Methodology Due July 24

HUD issued a notice with proposed changes to calculate fair market rents (FMRs), including a change in the definition of “recent mover” to include residents who have lived in their current household for 11 months or less and to retain and to expand the use of rent inflation factors calculated by private-sector sources.