News

The Federal Reserve Board collaborated with the Federal Reserve Bank of St. Louis to publish Investing in Rural Prosperity, which compiles perspectives from contributing authors and provides a framework to help provide inclusive, sustainable access to economic opportunity in vulnerable rural communities.

President Joe Biden (D) appointed Alicka Ampry-Samuel to be the New York/New Jersey HUD Region Two administrator.

The U.S. Government Accountability Office (GAO) this week released a report calling on government agencies, including the Department of the Treasury, to improve oversight of COVID relief funding.

Standard Communities announced that it led a public-private partnership that acquired Millennium South Bay Apartments, a 230-unit community in Hawthorne, CA, utilizing California’s innovative public-private partnership structure designed to facilitate the creation of middle-income housing. 

NH&RA joined a letter led by the National Leased Housing Association to HUD Secretary Marcia Fudge on its rent comparability study policy around the valuation of non-shelter services.

The Senate Banking Committee voted to advance the nominations of Julia Gordon to serve as assistant secretary of Housing and Federal Housing commissioner, David Uejio to serve as assistant secretary for Fair Housing and Equal Opportunity, Arthur Jemison as assistant secretary for Public and Indian Housing, Solomon Greene as assistant secretary for Policy Development and Research and Elizabeth de Leon Bhargava as assistant secretary for administration.

The Federal Housing Finance Agency (FHFA) announced its objections to Fannie Mae’s and Freddie Mac’s revised DTS Proposed Underserved Markets Plans for 2022-2024. Under the DTS rule, Fannie Mae and Freddie Mac must prepare and submit three-year DTS plans detailing their activities to serve three underserved markets: manufactured housing; rural housing; and affordable housing preservation.

President Joe Biden (D) appointed Maryland Department of Housing and Community Development Assistant Secretary and Community Development Administration Director Matthew Heckles to serve as the HUD administrator for region three, covering Delaware, Maryland, Pennsylvania, Virginia, West Virginia and Washington, DC.

The application period for submitting the required documentation in GrantSolutions for Calendar Year (CY) 2022 Service Coordinator in Multifamily Housing Program and Congregate Housing Services Program renewals closes in GrantSolutions is February 7.

Rental housing demand came roaring back in the second year of the pandemic, reducing vacancy rates and driving up rents, according to the America’s Rental Housing 2022 report from the Harvard Joint Center for Housing Studies.

The U.S. Department of the Treasury recently issued the final rule for the State and Local Fiscal Recovery Funds (SLFRF).

House Committee on Financial Services Chairwoman Maxine Waters (D-CA) and several Democratic Members of the Committee, including Reps. Emanuel Cleaver (D-MO), Ritchie Torres (D-NY), Alexandria Ocasio-Cortez (D-NY) and Madeleine Dean (D-PA), sent letters to HUD Secretary Marcia Fudge, as well as to New York and Philadelphia housing authorities, local officials and property owners following the two recent fire-related tragedies.