COVID-19

Fannie Mae released updated COVID-19 Forbearance Process Guidance following the enactment of the Coronavirus Aid, Relief and Economic Security Act (CARES Act). The guidance outlines the necessary steps for submitting delegated forbearance notifications for a Borrower impacted by COVID-19. Fannie Mae is also updating the intake process for submitting non-delegated forbearance requests and modifications. Effective […]

the New Hampshire Housing Finance Authority Board of Directors committed $1 million to The Emergency Assistance Loan Fund (EALF) Notice of Funding Availability (NOFA) for affordable housing partners, including organizations providing for the state’s homeless residents. Also, the Board expanded its commitment to NHHFA’s Emergency Housing Program with an additional $200,000 allocation.

The Community Development Financial Institutions Fund (CDFI Fund) received questions from organizations about upcoming application and compliance deadlines, and if anything is expected to change. We are taking these requests seriously in light of the unprecedented situation many CDFIs find themselves in today. CDFI Fund staff are routinely evaluating our processes and procedures to ensure they are in alignment with day-to-day impediments that organizations are being forced to navigate.

This Builder dashboard tracks how states with a stay-at-home mandate classify construction and building material suppliers.

The National Low Income Housing Coalition (NLIHC) released research notes, “The Need for Emergency Rental Assistance During the COVID-19 and Economic Crisis,” that concludes that Congress must invest up to $100 billion to keep the lowest-income households stably housed over the next year during and in the immediate wake of the COVID-19 pandemic. The report […]

Stewards of Affordable Housing for the Future (SAHF) launched a COVID-19 Resource Page through the CORES website. This is intended to be a place for resident services practitioners and frontline staff addressing resident needs to access and share useful resources and templates.

The Urban Institute recently published two blogs: The CARES Act Eviction Moratorium Covers All Federally Financed Rentals—That’s One in Four US Rental Units and We Must Act Quickly to Protect Millions of Vulnerable Renters. Urban estimates that eviction moratoria covering federally financed properties will apply to roughly 12.3 million (28 percent) of the 43.8 million […]

The Indiana Housing and Community Development Authority (IHCDA) instructed all market analysts, capital needs assessors and appraisers performing work for developments funded by IHCDA or applying for funding through IHCDA to cease site visits, fieldwork and onsite inspections until further notice.

The Indiana Division of Aging posted updated guidance for mitigation strategies to reduce the spread of infection in facilities with a resident who has a confirmed or suspected case of COVID-19. The document includes general principles, personal protective equipment guidance, staffing recommendations and guidance for facilities and medical providers.

The Massachusetts Department of Housing and Community Development (DHCD) expects all owners of multifamily rental property that receives any form of financial assistance from DHCD and/or its quasi-public affiliates to refrain from implementing any rent increases.

Market study analysts may encounter hindrances to completing work, particularly related to field work and accessing market information. If circumstances restrict analysts’ ability to complete a market study, Minnesota Housing suggests the following alternatives for information-gathering:

The Texas Department of Housing and Community Affairs (TDHCA) is aware that there are questions in regards to changed operating procedures related to the COVID-19 pandemic.