News

Fannie Mae announced a new Sponsor-Dedicated Workforce (SDW) product to create and preserve workforce housing through the company’s network of Delegated Underwriting and Servicing (DUS®) lenders.

Governor Gavin Newsom (D) announced that he signed 56 bills into law that incentivize and reduce barriers to housing and support the development of more affordable homes throughout California.

Governor Gavin Newsom announced the first grant awards from round three of Homekey, the administration’s initiative to help jurisdictions rapidly expand the availability of permanent or interim housing for individuals and families experiencing or at risk of, homelessness.

On September 29, HUD published Notice PIH 2023-17, which contains implementation guidance for Sections 102 and 104 of the Housing Opportunity Through Modernization Act of 2016 (HOTMA).

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced that they agreed to issue three guarantees totaling $300 million under the CDFI Bond Guarantee Program.

Last week, HUD awarded $75 million in loan guarantee commitments to the cities of Omaha (NE), Oakland, Fresno and Redding (CA).

The National Leased Housing Association (NLHA) published the results of its insurance this week.

The Affordable Housing Tax Credit Coalition (AHTCC) released State Low-Income Housing Tax Credits: Recommended Practices and Considerations, as a tool for those working on the legislative and regulatory development of new state Housing Credit programs.

The Pennsylvania Housing Finance Agency (PHFA) announced that all application materials for the 2024 LIHTC cycle are posted on the Agency’s website. PHFA plans to hold a pre-application meeting on October 4 at 9:00 a.m. ET via Microsoft Teams.

The U.S. government barely avoided a shutdown, where Congress passed a short-term funding measure to fund the government through November 17.

Last week, the HUD awarded $25 million to 157 public housing agencies (PHAs) experiencing or at risk of experiencing financial shortfalls.

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $5 billion in New Markets Tax Credits (NMTC) today that will spur investment and economic growth in low-income urban and rural communities nationwide. A total of 102 Community Development Entities (CDEs) were awarded tax credit allocations, made through the calendar year […]