Multi-Family Finance

The House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises has voted to approve a series of bills aimed at winding down operations at Fannie Mae and Freddie Mac.

The Center for Budget and Policy Priorities has issued a new paper titled “Converting Funding of Some Public Housing Developments to Section 8 Subsidies Would Help Preserve Needed Units.”

Bob Ryan, HUD’s Chief Risk Officer has been named as acting FHA Commissioner.

The Department of the Treasury’s FY-2012 Budget Proposal included two major changes to the low-income housing tax credit. The changes if enacted with create a basis boost for certain bond transactions and encourage owners to create more mixed-income housing.

President Obama on Friday signed into law the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. The House last week passed the bill by a vote of 277-148. The Senate approved the bill on December 15 by a vote of 81-19.

The Federal Housing Finance Agency (FHFA) has issued a final rule that provides for a temporary increase in the minimum capital level for the Fannie Mae, Freddie Mac and the Federal Home Loan Banks (FHLB).

The PowerPoint presentations from NH&RA’s Annual Meeting & Pre-Conference Symposium on New Markets Tax Credits are now available for download.

NH&RA had perfect weather for this year’s Winter Golf Tournament at the Raptor Bay Golf Club last week in Bonita Springs, Fla. NH&RA congratulates the following prize winners.

In a frank and probing discussion, representatives of NH&RA’s HOPE VI Council and Policy Leadership Committee met with representatives HUD’s Offices of Multifamily Housing, Public & Indian Housing, Urban Revitalization and the Office of the Secretary on January 19 in search of common ground on the Administration’s Transformation of Rental Assistance (TRA) proposal. 

On February 11, the Obama Administration delivered a report to Congress that present a proposal for reforming America’s housing finance market.

The House Financial Services Committee Subcommittee on Capital Markets Chairman Scott Garrett announced today the Subcommittee will convene a hearing on reforming Fannie Mae and Freddie Mac.

The House Financial Services Committee Subcommittee on Capital Markets Chairman Scott Garrett announced today the Subcommittee will convene a hearing on reforming Fannie Mae and Freddie Mac. The hearing will be held on Wednesday, February 9th at 2:00 p.m.