The U.S. Department of Housing and Urban Development, in partnership with the American Planning Association, will begin accepting nominations later this month for its annual HUD Secretary’s Opportunity and Empowerment Award, which recognizes community planning efforts that have improved the quality of life for low- and moderate-income residents.
President Trump Signs Executive Order Establishing Council Focusing on Regulatory Barriers to Affordable Housing
On June 25, President Trump signed an Executive Order to establish the White House Council on Eliminating Barriers to Affordable Housing Development, headed by Secretary of Housing and Urban Development Ben Carson with members including the Secretaries or their designees from the departments of Treasury, Agriculture, Transportation, Energy, Labor, and Interior, and the Environmental Protection Agency.
On May 21, the House Financial Services Committee held a hearing on “Housing in America: Oversight of the U.S. Department of Housing and Urban Development,” in which HUD Secretary Ben Carson testified and answered questions regarding HUD policies and program oversight.
On April 30, the House Financial Services Committee held a hearing entitled “Housing America: Assessing the Infrastructure Needs of America’s Housing Stock,” exploring the need to produce and preserve affordable housing as part of the nation’s infrastructure and strategies to improve affordability.
On April 16, the National Housing Conference released its 2018 Paycheck to Paycheck report and database highlighting housing affordability challenges for workers in 81 occupations living in 259 metropolitan areas in the United States.
On November 20, the federal banking regulators — the Office of the Comptroller of the Currency (OCC), the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) — released a proposed rule that would increase the appraisal exemption for single-family mortgage loans for all federally regulated banks. The agencies will accept public comments until 60 days after the notice is published in the Federal Registrar, which is expected shortly.
On November 6, the Federal Housing Finance Agency (FHFA) released its 2019 multifamily lending caps for the Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac.
The U.S. Department of Housing and Urban Development, in partnership with the American Planning Association (APA), is currently accepting nominations for its annual HUD Secretary’s Opportunity and Empowerment Award, which recognizes community planning efforts that have improved the quality of life for low- and moderate-income residents.
Private mortgage insurer Essent recently published a study detailing the needs and preferences of younger first-time homebuyers.