The July edition of “The Down Payment Report” features an interview with NCSHA Executive Director Stockton Williams and coverage of HFAs meeting the demand for down payment assistance in their states.
The Hardest Hit Fund (HHF) program was established in the wake of the Great Recession to assist struggling homeowners and communities in states disproportionately impacted by foreclosures and unemployment.
NCSHA welcomed Stockton Williams on board as the organization’s new Executive Director, following his appointment by the Board of Directors. Here, Stockton recorded the following message for NCSHA’s members
The Federal Housing Finance Agency (FHFA) September 12 released a proposed rule that would mandate that the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac work to align their policies and procedures that could impact the prepayment speeds of their mortgage-backed securities (MBS) in the to-be-announced market (TBA).
The House Ways and Means Committee released a package of three bills, which together are the House’s follow-on to last year’s Tax Cuts and Jobs Act. The bills, collectively “Tax Reform 2.0,” would make permanent the tax cuts for individuals and small businesses that were established on a temporary basis in tax reform last year, encourage retirement savings, and support business innovation. The bills do not make any direct changes to affordable housing programs, such as the Low Income Housing Tax Credit or tax-exempt private activity Housing Bonds.
The Housing Assistance Council (HAC) Thursday published a report, Rental Housing for a 21st Century Rural America: A Platform for Preservation, discussing declining affordable rental housing options in rural areas. The report focuses on the U.S. Department of Agriculture’s (USDA) Section 515 Rural Rental Housing program (Section 515) and draws its conclusions from a “multi-faceted review” of USDA’s multifamily housing portfolio.
Joined by U.S. Senator Jack Reed and Providence Mayor Jorge Elorza, RIHousing and Omni America hosted a groundbreaking ceremony on Friday morning, September 14, for the renovations taking place at Barbara Jordan I Apartments.
North Dakota Housing Finance Agency (NDHFA) is helping households with poor credit, a history of evictions or a criminal record to secure housing.
Today, the Maryland Department of Housing and Community Development launched a new version of its free, Web-based affordable rental housing locator, MDHousingSearch.org, the first major redesign of the locator website since its debut in 2008.