News

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

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.

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 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.

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

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.

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

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

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.

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.

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

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.