News

The Federal Housing Finance Agency (FHFA) announced that the 2024 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) are $70 billion for each Enterprise, for a combined total of $140 billion to support the multifamily housing market.

The U.S. Department of Transportation (DOT) is hosting a series of webinars for audiences interested in the potential use of the Railroad Rehabilitation and Improvement Financing (RRIF) and Transportation Infrastructure Finance and Innovation Act (TIFIA) programs to finance transit-oriented development (TOD) projects, including commercial-to-residential conversions.

HUD’s Office of Policy and Development Research submitted its Worst Case Housing Needs 2023 Report to Congress, showing that worst-case housing needs reached a record high of 8.53 million renter households in 2021.

Last week the Senate passed a Fiscal Year (FY) 2024 appropriations package which included the Transportation, Housing and Urban Development (THUD) bill.

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.

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

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).

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.

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.

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.

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

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