NCSHA Blogs
Treasury Proposes Substantial Revisions to CRA Regulations
The U.S. Treasury Department yesterday released a memorandum to federal banking regulators—the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Federal Reserve—recommending changes to their Community Reinvestment Act (CRA) regulations.
HUD Publishes Annual Report on Housing Credit Tenant Characteristics
HUD recently published Understanding Whom the LIHTC Program Serves: Data on Tenants in LIHTC Units as of December 31, 2015, providing demographic data about Housing Credit tenants, including race, ethnicity, family composition, age, income, use of rental assistance, disability status, and monthly rent burden.
HUD Promotes Strong Families Initiative
HUD is encouraging public housing authorities (PHA), HUD-assisted property owners, and others to participate in its Strong Families Initiative.
Freddie Mac Study Finds Significant Savings on Rent for Households in Housing Credit Units Compared to Market-Rate
Freddie Mac’s analysis illustrates the significant financial savings Housing Credit tenants are able to achieve compared to low-income households living in comparable market-rate rental housing.
GAO Report Says HUD Should Improve Metrics and Ongoing Oversight of RAD Program
A recent Government Accountability Office (GAO) report considering public housing conversions under the Rental Assistance Demonstration (RAD) program.
Carson Testifies at Senate Banking Committee HUD Oversight Hearing
On March 22, HUD Secretary Ben Carson testified at a Senate Committee on Banking, Housing, and Urban Affairs hearing titled “Oversight at HUD” and responded to questions regarding HUD’s Fiscal Year (FY) 2019 budget and rent reform proposals, recent actions on fair housing, and oversight at the agency.
FHFA Reports Fannie and Freddie Progress on Key Regulatory Objectives
The Federal Housing Finance Agency (FHFA) yesterday released a Progress Report outlining the various activities Fannie Mae and Freddie Mac undertook in 2017 to meet FHFA’s regulatory objectives for the firms.
FHFA Sets June 2019 Implementation Date for Common GSE Security
Fannie Mae and Freddie Mac will begin issuing a new, common mortgage backed security (MBSs) on June 3, 2019, the Federal Housing Finance Agency (FHFA) announced today
USDA Debuts New Eligibility Maps for Rural Housing Service Programs
The U.S. Department of Agriculture (USDA) last week announced proposed changes to the maps it uses to determine whether certain areas are eligible for Rural Housing Service’s (RHS) single-family and multifamily housing programs.
Carson Testifies on HUD’s FY 2019 Budget
On March 20, the House Appropriations Subcommittee on Transportation, Housing, and Urban Development (THUD) held a hearing with HUD Secretary Ben Carson on the Administration’s Fiscal Year (FY) 2019 HUD budget.
