Newsroom
FHA Announces Increased Single-Family Loan Limits for 2020
The Federal Housing Administration yesterday announced the county loan limits for its single-family mortgage insurance programs for 2020 and issued a Mortgagee Letter that increases the minimum loan limit for low-cost areas and the maximum loan limit for high-cost areas.
FHA Announces 2020 SF Mortgage Limits
Today, the Federal Housing Administration (FHA) published Mortgagee Letter 2019-19, 2020 Nationwide Forward Mortgage Limits, which provides the maximum mortgage limits for FHA-insured Title II...
HUD Continues Support for Fifteen States and Four U.S. Territories Recovering From Major Disasters
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) today allocated over $2.3 billion to support the long-term disaster recovery process in hard-hit areas in fifteen states, the...
Fiscal Year 2020 Maryland Housing Counseling Fund Awards Announced
These awards will support 40 nonprofit and local government organizations that provide housing counseling services including homebuyer education, pre-purchase counseling and financial capability coaching; as well as, counseling and legal assistance to avoid foreclosure. Funds may also be used by these organizations to increase operational capacity to serve more clients.
MaineHousing Invests $6.78 Million, Generating $40 Million in Funds to Build Affordable Housing
MaineHousing has awarded $3.78 million in Low Income Housing Tax Credits (LIHTC) to five affordable housing projects in Maine. The tax credits will generate over $37 million in equity from private investors. Combined with an additional $3 million in subsidy from MaineHousing, more than $40 million of funding will create or preserve 317 housing units. Of those units, 275 will serve households at or below 60% of the area median income.
With Housing Credit Expansion, Congress Could Address the Affordability Crisis
HFA leaders Tia Boatman Patterson and Ralph M. Perrey issue call to action to Congress. — The lack of housing availability is upending the lives of working Americans from Los Angeles to Memphis,...
MassHousing Awards $622,095 for Affordable Sober Housing to Support Men, Women and Veterans in Recovery
MassHousing has awarded a total of $622,095 in grant funding to help create or modernize 152 affordable sober housing units in 11 communities across Massachusetts. The awarded projects will serve veterans, and men and women in recovery, including women with children. The grants come from the Center for Community Recovery Innovations, Inc. (CCRI), a nonprofit subsidiary corporation of MassHousing that helps nonprofits create or preserve affordable sober housing in Massachusetts for individuals in recovery.
HUD Issues Request for Information on Eliminating Regulatory Barriers to Affordable Housing
WASHINGTON, DC – The U.S. Department of Housing and Urban Development (HUD) today published a Request for Information (RFI) seeking public comment on Federal, State, local, and Tribal laws,...
FHFA Announces Maximum Conforming Loan Limits for 2020
Fannie Mae and Freddie Mac Baseline Limit Will Increase to $510,400 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages...
WHEDA’s David Rouse Earns Lifetime Achievement Award From Wisconsin Mortgage Bankers Association
David Rouse, Director of Single Family Housing for the Wisconsin Housing and Economic Development Authority (WHEDA), has been honored with the lifetime achievement award from the Wisconsin Mortgage Bankers Association. The award, presented at the mortgage bankers’ recent Best in Business banquet, recognizes Rouse’s achievements in a career featuring leadership roles in both the public and private sectors.
May yer Thao Brings Workforce Housing Focus to Role at WHEDA
In her previous role as executive director of the Hmong Wisconsin Chamber of Commerce, she gained statewide recognition for her efforts to help Hmong and Asian American community members launch and scale up businesses statewide. Thao opened the chamber’s first satellite office in Wausau and leveraged some $10 million in community financing for Hmong and other Asian American community entrepreneurs.
DCHFA Funds First Development of FY 2020 Bringing 76 New Affordable Apartments to Southwest, D.C.
The District of Columbia Housing Finance Agency (DCHFA) funds its first transaction of Fiscal Year 2020, 1550 First Street. DCHFA issued $21.6 million in bond financing and underwrote $14.3 million in low income housing tax credit equity for the construction of 76 affordable apartments in Ward 6.
