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NCSHA Washington Report | September 13, 2019

As we reported last week, HUD has issued guidance implementing the authorization in the department’s FY 2018 funding bill to make Section 202 Housing for the Elderly rental assistance...

FHFA Revises Multifamily Loan Purchase Caps for Fannie Mae and Freddie Mac

Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced a revised cap structure on the multifamily businesses of Fannie Mae and Freddie Mac (the Enterprises).  The new...

Banking Committee Examines Administration Housing Finance Plans

The Senate Banking Committee yesterday held a hearing to discuss housing finance reform proposals released last week by the U.S. Treasury Department and HUD. Committee Republicans and Democrats expressed wide disagreements about the merits of the proposals, particularly their support for affordable housing.

Treasury Secretary Mnuchin Details Plans for Fannie, Freddie

WASHINGTON—The Trump administration plans to require Fannie Mae and Freddie Mac to begin paying a fee for support from the Treasury Department in exchange for a change to the mortgage-finance...

NCSHA’s Summary of Treasury and HUD Housing Finance Reform Plans

Executive Summary The U.S. Treasury Department and the Department of Housing and Urban Development (HUD) late yesterday sent to President Trump their respective proposals for reforming the housing...

The Department of Housing and Urban Development Submits Housing Reform Plan to the President

WASHINGTON - Today, the Department of Housing and Urban Development (HUD) presented President Donald Trump with a plan for reforming the Nation's housing finance system. Read HUD's housing finance...

Treasury Department Submits Housing Reform Plan to President

WASHINGTON – The U.S. Department of the Treasury today released its plan to reform the housing finance system. The Treasury Housing Reform Plan (Plan) consists of a series of recommended...

HUD Expands Housing Preservation Program to Include Senior Housing

WASHINGTON - In an effort to preserve and improve critically needed affordable housing for low-income seniors, the U.S. Department of Housing and Urban Development (HUD) today announced a significant...

NCSHA Washington Report | September 6, 2019

Agencies all over Washington are in advanced stages of revising some of the most important federal rules for affordable housing and community development. The results, starting as soon as next...

DCHFA Invests in Ward 7 with Funding of The Solstice II

The District of Columbia Housing Finance Agency (DCHFA) ended the month of August by funding a third development in Ward 7.  On August 29, DCHFA issued $18.6 million in bond financing and underwrote $12.5 million in low income housing tax credit equity for the construction of The Solstice II (3500 East Capitol Street NE Apartments).