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FHFA Reports GSEs Met 2018 Affordable Housing Goals and Duty-to-Serve Requirements

According to a report released today by the Federal Housing Finance Agency (FHFA), the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac in 2018 met all their affordable housing goals and their obligations under the Enterprise Duty-to-Serve Rule. The report, which FHFA submits to Congress each year, summarizes the GSEs’ 2018 affordable housing activities.

New FHFA Strategic Plan and Scorecard Lay Path for GSEs to Exit Conservatorship, Support Administration Reform Plan

The government-sponsored enterprises Fannie Mae and Freddie Mac will be expected to prepare for a responsible end to their conservatorships and to help to implement the Trump Administration’s housing finance reform proposals under the Federal Housing Finance Agency’s newly-released Strategic Plan for 2019 and Enterprise Scorecard for 2020

Proposed Modifications to GSE Duty-to-Serve Plans Include Decreased Loan Purchases

The Federal Housing Finance Agency yesterday released a Request for Information seeking public input on several changes Fannie Mae and Freddie Mac have proposed to their respective Underserved Market Plans for years 2018 – 2020. 

CDFA Survey Finds Housing Bond Issuance Continued to Increase in 2018

Private activity bond issuance increased slightly from 2017 to 2018, according to the Council of Development Finance Agencies’ Annual Volume Cap Report for 2018.

NCSHA Releases Updated Model Housing Credit Compliance Forms

Today, NCSHA released revamped model forms for Housing Credit compliance monitoring, developed in collaboration with its members and stakeholders. NCSHA’s Recommended Practices in Housing Credit Administration encourage Housing Credit agencies to adopt model forms, which help standardize compliance monitoring practices across states and create efficiencies for development owners and other Housing Credit industry professionals.

19 HFAs Awarded FY 2019 HUD Housing Counseling Grants

The U.S. Department of Housing and Urban Development announced late yesterday the recipients of just over $42 million in Housing Counseling program grants for FY 2019. HUD’s announcement says the funding will go to 207 different housing counseling agencies, including 19 state HFAs who will receive a combined $8.5 million in grants.

NCSHA Identifies $44 Billion in Anticipated Opportunity Zone Investment

Investment capital targeted to economically distressed communities designated as Opportunity Zones continues to increase, according to analysis of NCSHA’s latest Opportunity Zone Fund Directory, released today.

FHFA, Treasury Allow GSEs to Retain Capital

Federal Housing Finance Agency Director Mark Calabria and Treasury Secretary Steven Mnuchin announced earlier today that they have agreed to allow the government-sponsored enterprises Fannie Mae and Freddie Mac to retain additional capital. The agreements amend the Preferred Stock Purchase Agreements both GSEs entered into with Treasury as a condition for receiving federal assistance in 2008

Senate Appropriations Committee Advances FY 2020 HUD Bill Level-Funding Most Housing Programs

The Senate Appropriations Committee on September 19 approved unanimously the Fiscal Year (FY) 2020 Transportation, Housing and Urban Development (THUD) funding bill, which provides $48.6 billion in...

Senate Appropriations Committee Approves Rural Housing Funding Bill

The Senate Appropriations Committee yesterday unanimously approved the FY 2020 Agriculture, Rural Development, Food and Drug Administration, and Related Agencies appropriations bill. The bill would provide $151.7 billion in discretionary and mandatory funding for all USDA programs, a decrease of $87 million from the FY 2019 enacted funding level.