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HUD Secretary Carson Defends Administration Agenda at House Committee Hearing

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.

$10 Million Fannie Mae Innovation Challenge Selects Five Proposals to Address Affordable Housing and Health

WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) today announced the selection of five innovative ideas to receive contract awards under the Sustainable Communities Innovation Challenge: Healthy Affordable...

Calabria: Ending the Net Worth Sweep is Step One of GSE Reform, IPOs are an Option

The much-anticipated session with Federal Housing Finance Agency Director Mark Calabria at the MBA Secondary Conference in Manhattan Monday did not disappoint. No, he didn’t reveal a timeline for...

NCSHA Washington Report | May 17, 2019

Policymakers are rightly focused on cautionary signs in the housing system driven by greater federal agency and GSE appetite for mortgage risk. The “housing credit availability...

FHFA Announces Three Appointments

Washington, D.C. – The Federal Housing Finance Agency (FHFA) has announced that Clinton Jones, Lynn Fisher and Matt Grinney will join the Agency.  Jones has been named Senior Advisor for Legal...

Florida Housing Board Approves New Rental Housing Funding for Hurricane Michael Impacted Counties

The Florida Housing Finance Corporation (Florida Housing) Board of Directors approved the funding of seven newly-constructed rental developments that will provide over 200 units of affordable housing in counties ravaged by the storm. The more than $30 million investment will be made using federal Home Investment Partnerships Program (HOME) funding and include developments in Bay (3), Gulf (2), Jackson and Wakulla counties.

NCSHA Washington Report | May 10, 2019

One of the keynote speakers at this year’s Mountain Plains Housing Summit in Salt Lake City was Gail Miller, who with her late husband Larry acquired, built, and grew a group of businesses...

FHA Proposes New Lender Certification Requirements

WASHINGTON – The Federal Housing Administration (FHA) today proposed several revisions to its lender certification requirements with the goal of providing lenders and servicers greater certainty in...

FHA Offers Incentives for Property Owners Who Invest in Opportunity Zones

WASHINGTON – The Federal Housing Administration (FHA) today announced a package of incentives to encourage multi-family property owners to invest in thousands of neighborhoods located in...

NJHMFA Announces 2019 Round of Federal 9% Low Income Housing Tax Credits to Help Fund 1,200 Affordable Apartments

Guided by new innovative policy, the New Jersey Housing and Mortgage Finance Agency (NJHMFA) plans to award $24 million in highly competitive federal 9 percent Low Income Housing Tax Credits (LIHTC) in 2019, which are expected to create about 1,200 affordable apartments for families, seniors and residents with special needs. The LIHTC program is the most successful tool in creating affordable housing in the country since its creation in 1986.

Banks Fled the FHA Loan Program. The Government Wants Them Back

The Federal Housing Administration is set to clarify rules and compliance standards for its mortgage program in an effort to get banks to start making more loans to the lower-income and first-time...

More Than $28 Billion of New Investment Expected in Opportunity Zones

The number of funds created to invest in the nearly 9,000 economically distressed communities designated as Opportunity Zones continues to grow, according to analysis of NCSHA’s latest Opportunity Zone Fund Directory. The 130 funds listed in the current directory expect to raise more than $28 billion for Opportunity Zone investment. The directory includes 13 new funds and details on each fund’s size, geographic focus, and investment focus.