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17 HFAs Awarded HUD Housing Counseling Grants for FY 2018 17 HFAs Awarded HUD Housing Counseling Grants for FY 2018

HUD announced today the recipients of $47 million in Housing Counseling program grants for fiscal year (FY) 2018.

FHFA Seeks Input on Modifications to Fannie Duty-to-Serve Plan, Including Increased Housing Credit Investments

The Federal Housing Finance Agency (FHFA) today released a Request for Input (RFI) seeking public input on several changes Fannie Mae has proposed to its Underserved Markets Plan for years 2018-2020.

Senator Warren Introduces Expansive Affordable Housing Bill; Would Authorize New Money for Housing Trust Fund, New HFA Grant Program

Senate Banking Committee member Elizabeth Warren (D-MA) introduced today legislation, the American Housing and Economic Mobility Act, to authorize $500 billion for affordable housing programs over the next 10 years. 

Housing Bond Issuance Increased Again in 2017, CDFA Survey Says

Private activity bond (PAB) issuance increased at least nine percent from 2016 to 2017, according to the Council of Development Finance Agencies’ (CDFA) latest Annual Volume Cap Report for 2018.

Tim Ryan Bill Would Provide Federal Assistance for Blight Removal

Representative Tim Ryan (D-OH) recently introduced legislation, the Clean Up Our Neighborhoods Act (H.R. 6792), that would provide federal funding to support blight elimination and neighborhood redevelopment activities in low-income communities. Rep. David McKinley (R-WV) is an original co-sponsor.

GAO Housing Credit Development Cost Study Illustrates State Efforts to Ensure Reasonable Costs and Recommends Additional Data Collection

Today, the U.S. Government Accountability Office (GAO) published its long-awaited report on Low Income Housing Tax Credit (Housing Credit) development costs, “Low-Income Housing Tax Credit: Improved Data and Oversight Would Strengthen Cost Assessment and Fraud Risk Management.”

Utah Homebuilder Announces National Prize for Innovations in Affordable Homeownership

Ivory Homes, the largest homebuilder in Utah, Tuesday announced it is holding a national contest to reward innovators who are working to alleviate the affordable housing crisis.

FHFA Proposed Rule Would Require GSEs to Align Policies to Facilitate Single Security

The Federal Housing Finance Agency (FHFA) on September 12 released a proposed rule that would mandate the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac work to align their policies and procedures that could impact the prepayment speeds of their mortgage-backed securities (MBS) in the to-be-announced market (TBA).

House Tax Leaders Unveil Tax Reform 2.0 Legislation

Yesterday, the House Ways and Means Committee released a package of three bills, which together are the House’s follow-on to last year’s Tax Cuts and Jobs Act.

HAC Report Describes Shortage of Affordable Rural Rental Housing

The Housing Assistance Council (HAC) Thursday published a report, “Rental Housing for a 21st Century Rural America: A Platform for Preservation,” discussing declining affordable rental housing options in rural areas.