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NCSHA Blogs

More Information on FY 2019 HUD and USDA Housing Program Funding

Last week, Congress and the White House reached a final deal to fund the nine federal agencies without full-year spending, including HUD and USDA, for the remainder of Fiscal Year (FY 2019), thus averting another government shutdown.

NCSHA Opportunity Zone Fund Directory Expands to 89 Funds and $19 Billion in Anticipated Investment

NCSHA released an updated edition of its Opportunity Zone Fund Directory today, providing details on 89 Qualified Opportunity Funds planning to invest in designated Opportunity Zones. The latest edition of the directory includes 17 new funds and details on each fund’s management, organization, size, investment focus, and geographic focus.

In Confirmation Hearing, Calabria Pledges to Work on Reform with Congress and Maintain GSE Affordable Housing Activities

The Senate Banking Committee yesterday held a hearing on the nomination of Mark Calabria to serve as director of the Federal Housing Finance Agency.

REALTORS’ GSE Reform Plan Recasts Fannie and Freddie as Utilities

The National Association of REALTORS® (NAR) yesterday released a working paper describing its new proposal for housing finance reform. The paper was unveiled during NAR’s Housing Finance Reform Policy Forum, which NCSHA senior staff attended. It was written in collaboration with Susan Wachter of the Wharton School at the University of Pennsylvania and Richard Cooperstein of Andrew Davidson and Company.

Crapo Releases Housing Finance Reform Plan Outline

Senate Banking Committee Chair Mike Crapo (R-ID) earlier today released an outline for housing finance reform legislation. In a statement accompanying the release, Crapo calls on Congress and the Administration to “expeditiously fix our flawed housing finance system” and lays out his priorities for reform: protecting taxpayers from risk, preserving the 30-year fixed-rate mortgage, increasing competition, and promoting access to affordable housing.

NCSHA Opportunity Zone Fund Directory Details More Than $16 Billion in Investment Across 72 Funds

NCSHA released an updated edition of its Opportunity Zone Fund Directory today, providing details on 72 Qualified Opportunity Funds formed to attract investment in designated Opportunity Zones. The latest edition of the directory includes nine new funds and details on each fund’s management, organization, size, investment focus, and geographic focus.

Michael Bright to Step Down as Head of Ginnie Mae

HUD last night announced that Ginnie Mae Executive Vice President and Chief Operations Officer Michael Bright will be stepping down on January 16.  Bright has also requested that President Trump withdraw his nomination to serve as President of Ginnie Mae.

Financial Services Committee Explores Housing Finance Reform Plan

On December 21, the House Financial Services Committee held its last hearing of the 115th Congress to discuss draft legislation designed to reform the housing finance system.

NCSHA Submits Comments to IRS on Proposed Opportunity Zone Regulations

On December 28, NCSHA submitted official comments to the Internal Revenue Service (IRS) on proposed regulations implementing Opportunity Zone (OZ) provisions of Internal Revenue Code section 1400Z-2.

NCSHA Opportunity Zone Fund Directory Expands to 63 Funds, Nearly $16 Billion in Investment

NCSHA released an updated edition of its Opportunity Zone Fund Directory today, including details on 63 Qualified Opportunity Funds (QOFs) formed to attract Opportunity Zone investment in designated high-poverty neighborhoods. The directory’s latest edition includes 11 new QOFs and details on each fund’s management, organization, size, investment focus, and geographic focus.