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NCSHA Washington Report | May 6, 2022
Even when the administration’s (and our) hopes were higher for the historic housing production investments proposed in the Build Back Better agenda, which required Congressional approval, the...
Acting Comptroller Issues Statement on Interagency Proposal to Modernize the Community Reinvestment Act
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu issued the following statement at today's Federal Deposit Insurance Corporation (FDIC) board meeting to consider the interagency notice...
Rental Assistance Program to Close to New Applications
RIHousing announced today that the federally-funded RentReliefRI program will close to new applications on June 1, 2022. Launched in March of last year, the program provides financial assistance to cover rent arrears, forward facing rent, utility arrears and certain other housing expenses. Funded via the U.S. Treasury, the federally-funded RentReliefRI program provides up to 18 months of financial assistance to eligible Rhode Island renters impacted by the COVID-19 pandemic.
PHFA’s 2022 Multifamily Affordable Housing Conference Plans Top-Notch Continuing Education for the State’s Housing Professionals
Registration is open for the Pennsylvania Housing Finance Agency’s 2022 Multifamily Affordable Housing Conference planned for June 8-10 at Kalahari Resorts in Mount Pocono. This annual conference offers educational sessions and plenary speakers aimed at advancing the professional development of people working in the state’s affordable housing field. More than 500 attendees are expected.
In Los Angeles, Deputy Secretary of the Treasury Wally Adeyemo Calls on State and Local Governments to Use American Rescue Plan Funds to Boost Affordable Housing Supply
LOS ANGELES — Today Deputy Secretary of the Treasury Wally Adeyemo visited an affordable housing services center in the City of Compton in Los Angeles County where he highlighted how California is...
Executive Director Tiena Johnson Hall Confirmed by the California State Senate
Johnson Hall has been leading the Agency since being appointed in August by Governor Gavin Newsom, and previously spent seven years as a member of CalHFA’s Board of Directors. This confirmation by the full Senate comes after the Senate Rules Committee voted unanimously to confirm at the end of her April 20th hearing.
Hogan Administration Awards More Than $1.7 Million Through the Community Investment Tax Credit Program
The Maryland Department of Housing and Community Development announced today the award recipients for the Community Investment Tax Credit Program. More than 100 nonprofit organizations, designated as 501(c)(3) organizations by the Internal Revenue Service, applied for these tax credits in order to attract private contributions to support projects or activities in communities located within a designated Priority Funding Area.
NCSHA Washington Report | April 29, 2022
The primary policy to prevent mass homeowner distress during the pandemic was mass mortgage forbearance, provided through acts of Congress and moves by various federal agencies....
CHFA Awards $11.1 Million in Federal Tax Credits for Affordable Housing Development
The Connecticut Housing Finance Authority (CHFA) today announced awards of $11,138,589 in Federal 9% Low-Income Housing Tax Credits (LIHTC). The tax credits are estimated to generate more than $103 million in equity from private investors for eight proposed affordable multifamily housing developments in Connecticut. Federal tax credit allocations are based on population, and CHFA generally receives about $10 million in credits each year.
FHFA Announces Fannie Mae’s and Freddie Mac’s Duty to Serve Underserved Markets Plans for 2022-2024
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today published the 2022-2024 Underserved Markets Plans for Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS)...
Governor Hogan Announces $200 Million Affordable Housing Package to Address Rising Costs
Governor Larry Hogan today announced that more than $200 million in financing tools and new programs will be made available to create new affordable housing opportunities in the state. The Maryland Department of Housing and Community Development (DHCD) will administer the funds to produce more than 6,000 additional units statewide amid rising construction costs and interest rates.
BPC Action Applauds Bipartisan Bill To Unlock American Rescue Plan Funds For Affordable Housing
BPC Action commends Reps. Alma Adams (D-NC) and David Rouzer (R-NC) for their bipartisan collaboration to introduce H.R. 7078, the LIHTC Financing Enabling Long-term Investment in Neighborhood...
