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Sandra L. Thompson Announced as Acting Director of FHFA
Washington, D.C. – Yesterday, the White House appointed Sandra L. Thompson as the Acting Director of the Federal Housing Finance Agency (FHFA) effective immediately.
Maryland Department of Housing and Community Development Issues First Sustainability Bonds in Agency’s History
Maryland Department of Housing and Community Development Secretary Kenneth C. Holt announced the issuance of the first ever ‘Sustainability Bonds’ to be sold by the department. The department’s bond-issuing entity, the Community Development Administration, issued approximately $13.6 million in Sustainability Bonds; proceeds of the bond sale will support energy efficient affordable housing in Frederick County.
Secretary Fudge Outlines HUD Actions to Address Reentry Housing Needs and Increase Public Safety
WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge today outlined actions that the Department is taking to improve public safety by addressing the housing...
Mayor Domenic Sarno, The Michaels Organization, and MassHousing, Celebrate the Start of the Extensive Renovation of the 201-Unit Bergen Circle Housing Community in Springfield
Mayor Domenic Sarno, The Michaels Organization, and MassHousing today celebrated the start of extensive renovations at the 201-unit Bergan Circle housing community in Springfield. Michaels, which has taken over ownership and management of the Bergen Circle Apartments, has embarked on approximately $17 million in property renovations to the eight-building community in the McKnight neighborhood.
PHFA Now Accepting Bids for Purchase of Mixed-Use Development Tax Credits
Tax credit bid deadline is July 16 HARRISBURG – The Pennsylvania Housing Finance Agency announced today that it is accepting bids for the purchase of $3 million in mixed-use development tax...
NCSHA Washington Report | June 18, 2021
One of the biggest shortcomings of the affordable rental housing subsidy system is the fact that so many landlords serving low-income renters operate outside of it. This is especially true of...
RIHousing Announces Recipients of Inaugural Michael S. Van Leesten Awards
RIHousing’s Board of Commissioners approved the Spring 2021 Michael S. Van Leesten Memorial Awards at its June meeting. The awards program honors the life and work of Michael S. Van Leesten, a longtime advocate dedicated to improving the lives of Rhode Islanders through his business leadership, civil rights activism, and public service. The awards program supports students from diverse backgrounds who are pursuing academic fields or careers related to the housing industry.
New Harvard Housing Study Highlights Affordability Challenges Amidst Post-Pandemic Economic Recovery
On June 16, Harvard University’s Joint Center for Housing Studies released its 2021 State of the Nation’s Housing report. The report finds that, as the economy recovers from the impact of the COVID-19 pandemic, some households are taking advantage of historically low interest rates to purchase homes with savings built during the health crisis, while others have been locked out of opportunities to own as prices increase to meet demand. Moreover, renters and homeowners are grappling with billions of dollars in back rent owed, unpaid mortgages, and the growing risk of eviction and foreclosure.
Governor Hogan Announces $10 Million in Relief for Live Entertainment Venues
Governor Larry Hogan today announced the recipients of 65 awards totaling $10 million for live music and performance venues and live entertainment promoters affected by the COVID-19 pandemic. This relief funding is in addition to the $30 million allocated earlier this year to music and entertainment venues as part of the State of Maryland’s economic recovery plan. “As we continue to move forward in our recovery, I am proud to announce more support for these entertainment businesses and venues as part of our Maryland Strong Economic Recovery Initiative,” said Governor Hogan.
NCSHA Washington Report | June 11, 2021
While one set of high-powered discussions about a bipartisan infrastructure agreement ended this week, another began, and a Senate hearing offered more glimpses of common ground: investment in...
HUD Awards $1.1 Billion in American Rescue Plan Funds for Emergency Housing Vouchers
WASHINGTON – U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge today announced the awarding of the first tranche of American Rescue Plan funds for Emergency Housing...
HUD Interim Rule Reinstates Aspects of Affirmatively Furthering Fair Housing Requirements; Does Not Yet Require Specific Fair Housing Planning
Today, the Department of Housing and Urban Development (HUD) published an interim final rule and request for comments repealing the Trump Administration’s Preserving Community and Neighborhood Choice regulation and reinstating aspects of the 2015 Affirmatively Furthering Fair Housing (AFFH) rule in effect under the Obama Administration. The 2021 AFFH interim final rule reinstates relevant definitions that had been rewritten under PCNC and the certifications that incorporate those definitions, including the requirement that HUD program participants certify “they take meaningful actions that, taken together, address significant disparities in housing needs and in access to opportunity, replacing segregated living patterns with truly integrated and balanced living patterns, transforming racially or ethnically concentrated areas of poverty into areas of opportunity, and fostering and maintaining compliance with civil rights and fair housing laws.” The provisions reinstated by the 2021 AFFH interim final rule include only those HUD believes have previously undergone sufficient notice and comment processes.
