News
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.
Urban Institute Releases Housing Shortage Study
The Urban Institute released a study via the Stories and Data Tools to examine the current housing shortage in the U.S. and how zoning near transit can assist with tackling this issue.
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.
Minnesota Multifamily Consolidated RFP & Underwriting Standards
Minnesota Housing (MH) announced that the deadline to submit 2023 Multifamily Consolidated RFP/2024 HTC Round 1 applications is July 13 by noon CT.
Oregon’s 2023 Legislative Highlights
Oregon Housing and Community Services (OHCS) announced that it secured $1.14 billion in housing investments to address the needs of Oregonians.
CDFI Certification Advisory Board Meeting – July 7
The Community Development Financial Institution (CDFI) fund continues efforts to revise the CDFI Certification application through the chair of the community development advisory board.
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.
New Hampshire Nine Percent Pre-Application Deadline and QAP Forum
New Hampshire Housing changed the due date for pre-applications for the competitive 9% LIHTC application round.