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CalHFA Board Member Appointments
The California Housing Finance Agency saw two key members of its Board of Directors, Eileen Gallagher and Frederick P. White, reappointed by Governor Gavin Newsom this week. They will serve alongside James Cervantes, who was appointed to the CalHFA Board of Directors earlier last month.
TDHCA Launches Texas Homeowner Assistance Fund
The Texas Department of Housing and Community Affairs (TDHCA) announced today the Texas Homeowner Assistance Fund (TXHAF) is now available for qualified homeowners who need help with past due mortgage payments and related expenses due to financial hardships associated with the COVID-19 pandemic. Eligible households could receive up to $40,000 for past due mortgage payment assistance, and up to $25,000 to pay past due property taxes, property insurance, and delinquent homeowner association (HOA) and/or condo association fees.
Housing Agency Awarded Grant to Support Counseling Programs
North Dakota Housing Finance Agency (NDHFA) has been awarded a $72,840 housing counseling grant by the U.S. Department of Housing and Urban Development (HUD). The agency will split the grant between two affiliate organizations – Community Action Opportunities of Minot and Southeastern North Dakota Community Action Agency of Fargo.
NCSHA Spearheads Legislative Effort to Enable Use of Fiscal Recovery Funds with Housing Credit
Over 80 organizations joined an NCSHA-led effort to urge Congress to amend the underlying statute of the Coronavirus State and Local Fiscal Recovery Fund (SLFRF) program to facilitate its use with the Housing Credit.
FHFA Announces Largest Allocation Yet to Housing Trust Fund and Capital Magnet Fund
Today, Federal Housing Finance Agency Acting Director Sandra L. Thompson announced the Housing Trust Fund (HTF) and the Capital Magnet Fund (CMF) will receive a total of $1.138 billion for affordable housing initiatives from Fannie Mae and Freddie Mac (the Enterprises). HTF will receive $740 million, an increase of $29 million from the previous year, and CMF will receive $398 million, an increase of $15 million from the previous year. These are the largest amounts ever provided to these programs from the Enterprises.
FHFA Announces More than $1.1 Billion for Affordable Housing Programs
Washington, D.C. - Today, FHFA Acting Director Sandra L. Thompson announced that the Housing Trust Fund and Capital Magnet Fund will receive a total of $1.138 billion for affordable housing...
NCSHA Washington Report | February 25, 2022
Before the pandemic, federal social safety net programs typically came with significant application requirements designed to deter con artists seeking to rip off the taxpayers and deprive...
FHFA Announces Final Rule Amending the Enterprise Regulatory Capital Framework
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today published a final rule that amends the Enterprise Regulatory Capital Framework (ERCF) by refining the prescribed leverage...
HUD Secretary Marcia Fudge on Black Homeownership Remaining Lower Than a Decade Ago Despite the U.S. Homeownership Rate Experiencing Largest Annual Increase on Record
WASHINGTON - U.S. Housing and Urban Development Secretary Marcia L. Fudge on Thursday released the following statement on the National Association of Realtors®’ (NAR) 2022 Snapshot of Race and...
States, Localities Helped More Than 3 Million Households Through Emergency Rental Assistance Programs in 2021
Today, the U.S. Department of the Treasury released quarterly data on the use of the Emergency Rental Assistance (ERA) programs—both ERA 1 and ERA 2—in calendar year 2021. The data Treasury released today illustrates the notable success of the program in reaching households most in need in an expedient manner, especially given the challenges of standing up a brand new emergency program that required coordination between policy-makers, program administrators, technology providers, and landlord partners.
Aid Available for Individuals Struggling to Make Their House Payment
South Dakota Housing Development Authority (SDHDA), with funding from the U.S. Treasury, is providing mortgage relief due to the COVID-19 pandemic. If you have been financially impacted due to COVID-19 and are in need of assistance with unpaid mortgages, insurance or utilities, the SD Cares Housing Assistance Program may be of assistance. SDHDA, in collaboration with the Helpline Center and other partner agencies, is working to assist South Dakotans fight against housing instability and homelessness.
New Treasury Data Shows Over 80% of Emergency Rental Assistance Delivered to Lowest-Income Households
WASHINGTON — The U.S. Department of the Treasury released demographic data today showing that funds delivered to millions of households through its Emergency Rental Assistance (ERA) program are...
