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NCSHA Washington Report | November 19, 2021
Data from several new reports illustrate a remarkable resilience among affordable rental properties and landlords more than 18 months into the pandemic. CohnReznick’s latest biennial...
MSHDA Board Approves Loans to Support Acquisition, Rehabilitation of Nearly 600 Rental Units as Gov. Whitmer Prioritizes Affordable Housing
Several multifamily housing developments received approval for loans from the Michigan State Housing Development Authority (MSHDA) Board during its November meeting. The loans will be used to acquire, redevelop and/or rehabilitate nearly 600 units, many of which are designated as affordable. Approvals for these loans comes shortly after Governor Whitmer announced her goal of having 75,000 new or rehabilitated housing units within the next five years as part of her MI New Economy plan.
WHEDA and CSH Welcome Applications for the Inaugural Wisconsin Supportive Housing Institute
The Wisconsin Housing and Economic Development Authority and CSH are now welcoming applications for a first-of-its-kind Wisconsin Supportive Housing Institute. A webinar to answer questions about the application process will be held December 7 at 9 a.m. Information about WHEDA’s supportive housing initiative and the application documents can be found here; registration for the free webinar is available here.
FHFA Releases 2022 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions
Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) released the 2022 Scorecard for Fannie Mae, Freddie Mac (the Enterprises), and Common Securitization Solutions, LLC (CSS)....
FHA Releases 2021 Annual Financial Report to Congress: Capital ratio remains above statutory minimum benefitting from rapid home price appreciation and a steady recovery from COVID-19 pandemic delinquencies.
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) today released its fiscal year (FY) 2021 report to Congress on the financial health of the Federal Housing Administration...
WHEDA CEO Altoro Has Accepted Position in Biden Administration
WHEDA Executive Director and CEO Joaquín Altoro has accepted a position in the Biden Administration. This week Altoro was sworn in as the Administrator of Rural Housing Service within the U.S. Department of Agriculture Rural Development. “We are appreciative of Joaquín Altoro’s strategic vision and leadership to help WHEDA advance affordable housing in our rural and urban communities,” said Kim Plache, WHEDA Deputy Executive Director. “And we celebrate his new role at the federal level where he will continue to be an advocate for greater equity in housing and economic opportunity.”
NCSHA Washington Report | November 12, 2021
While the short-term economic effects of the $1 trillion infrastructure bill President Biden plans to sign Monday are a subject of debate, most analysts expect the Infrastructure Investment and...
Florida Housing Finance Corporation Honors Military Personnel Through Salute Our Soldiers Program
The Florida Housing Finance Corporation (Florida Housing) launched the Salute Our Soldiers Military Loan Program in 2020 to assist Florida’s growing population of veteran and active-duty military personnel in obtaining permanent housing. The Salute Our Soldiers program offers a variety of down payment and closing cost assistance (DPA), coupled with low interest rate first mortgage loans. Some of the DPA products offered are even forgivable after five years.
NCSHA Statement on the Appointment of Altoro as USDA Rural Housing Service Administrator
WASHINGTON, DC — The National Council of State Housing Agencies congratulates Joaquín Altoro on his appointment as administrator of the Rural Housing Service within the U.S. Department of...
Federal Housing Administration Publishes Revised Title I Policies to Further Future Financing of Manufactured Homes
WASHINGTON - The Federal Housing Administration (FHA) on Tuesday announced the publication of significantly revised and enhanced policies under its Single-Family Title I Manufactured Home Loan...
CHFA Announces 2021 Round Two Housing Tax Credit Awards
Colorado Housing and Finance Authority (CHFA) is pleased to announce 14 developments will be awarded a reservation of federal and state Housing Tax Credits to support the new construction or preservation of 1,373 affordable apartments. These developments will seek to address various housing needs in Colorado, supporting individuals, families, homeless households, individuals ages 18-24 aging out of foster care, and adults ages 55 or older, and 62 or older.
CDFA Report Finds PAB Issuance at Record Highs for 2019 and 2020; Housing Bond Issuance Increases
Private activity bond (PAB) issuance reached record-high levels in 2019 before declining slightly in 2020, according to the Council of Development Finance Agencies’ (CDFA) Annual Volume Cap Report for 2019 and 2020. The report, released late last week, presents data on how states allocate and use their PAB cap each year. This report covers 2019 and 2020; CDFA did not conduct its annual survey in 2019 due to the COVID-19 pandemic. As in the previous five years, Housing Bonds, including single-family Mortgage Revenue Bonds (MRBs) and multifamily bonds, made up the bulk of PAB issuance in 2019 and 2020.
