News
FHFA Calls for Revisions to GSE Duty to Serve Plans
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.
Heckles Appointed HUD Regional Administrator
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.
GrantSolutions Application Period Deadline – February 7
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.
New Report Shows a Surging Rental Market, Starkly Divided by Race and Renter Incomes
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.
Treasury Adopts Final Rule for Fiscal Recovery Funds
The U.S. Department of the Treasury recently issued the final rule for the State and Local Fiscal Recovery Funds (SLFRF).
Democratic HFSC Members Send Letter to HUD, NY and Philadelphia Housing Authorities Regarding Deadly Fires
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.
Salazar Appointed HUD Regional Administrator
President Joe Biden (D) appointed Oregon Housing and Community Services Executive Director Margaret Salazar to serve as the HUD Administrator for Region 10.
New York Governor Proposes $25 Billion, 100,000 Unit 5-Year Housing Plan
In her State of the State address, Governor Kathy Hochul (D) proposed a new $25 billion, 100,000-unit, five-year housing plan (SOTS page 125).
Montana Invests $15 Million In Affordable Housing
Governor Greg Gianforte (R) announced the state will invest up to $15 million to fund affordable housing projects across Montana.
Two New Clean Energy Programs in California
The California Housing Partnership (CHP) launched two new clean energy programs in 2022. CHP will be administering these, in addition to Solar on Multifamily Affordable Housing and Low-Income Weatherization Program.
Treasury Begins Emergency Rental Assistance Reallocation Process
Treasury released new data on the first round of reallocation of Emergency Rental Assistance authorized under the Consolidated Appropriations Act of 2021 (ERA 1).
NPS Report Finds Historic Tax Credit Contributed to $7.3 Billion in Investments in FY 2020
In fiscal year 2020, the HTC created 122,000 jobs across the country, contributed $13.8 billion in economic output, added $7 billion in GDP and generated $1.8 billion in tax revenue at the federal, state and local levels, according to the NPS Annual Report on the Economic Impact of the Federal HTCs for Fiscal Year 2020.