News
CDFI Fund Opens $320.6 Million FY 2023 Capital Magnet Fund Round
The Community Development Financial Institutions (CDFI) Fund opened the fiscal year (FY) 2023 funding round for the Capital Magnet Fund (CMF).
Enterprise and Wells Fargo Announce Affordability Grant Program
Enterprise and the Wells Fargo Foundation jointly launched a $20 million grant competition—The Housing Affordability Breakthrough Challenge—designed to promote innovative strategies to increase access to affordable housing.
What to Expect with the 2023 HUD Income Limits
A new blog by Thomas Stagg with Novogradac explores the likely changes for the 2023 HUD income limits.
House Committee Changes
With the election of House Speaker Kevin McCarthy (R-CA) now settled, House Republicans have begun announcing committee leadership and assignments for the 118th Congress.
Housing Solutions in Rural Recreation Communities Webinar – Feb. 15
Housing Solutions in Rural Recreation Communities Webinar.
New York Governor Hochul Announces Historic Land Use Proposals to Increase Housing Supply
During the State of the State, Governor Kathy Hochul announced the New York Housing Compact, a statewide strategy to increase housing supply and combat exclusionary zoning, with the goal of producing 800,000 new homes over the next decade.
FHFA Finalizes 2023-2024 Multifamily Housing Goals for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) issued a final rule for Fannie Mae and Freddie Mac (the Enterprises) that establishes the benchmark levels for their multifamily housing goals for 2023 and 2024 using the new percentage-based methodology outlined in the proposed rule.
HUD Issues Supplement to the Implementation of the Final Rule on Section Three Regulations
HUD published Notice PIH 2022-38/FPM-19-2022: Reporting Supplement to the Implementation of the Final Rule on Section 3 Regulations – 24 CFR Part 75.
HUD Seeks Input on Disaster Recovery Assistance by Feb. 21
On December 20, HUD announced two new requests for information (RFIs) seeking recommendations for how to improve the Community Development Block Grant Disaster Recovery (CDBG-DR) and Mitigation (CDBG-MIT) programs.
HUD Offers Free COVID Tests for Section 202 Providers
Owners of Section 202 elderly properties may register with the Administration for Strategic Preparedness and Response (ASPR) at the Health Partner Ordering Portal (HPOP) and request weekly shipments of COVID-19 test kits to be delivered to their property for distribution.
FHFA Rule Limits New Products
The Federal Housing Finance Agency published a final rule requiring Fannie Mae and Freddie Mac to provide advance notice to FHFA before offering a new activity and to obtain prior approval from FHFA before offering new products.
FY 2023 Funding Enacted
The Senate, by a vote of 68-29, and the House of Representatives, by a vote of 225-201, passed a full-year omnibus appropriations bill for Fiscal Year (FY) 2023.