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FHFA Further Extends COVID-Related Loan Flexibilities
Washington, D.C. – The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend temporary loan origination flexibilities until April 30,...
Congress Sends President Biden $1.9 Trillion American Rescue Plan Act for Signature
Today, the House of Representatives passed the final $1.9 trillion American Rescue Plan Act, following Senate passage of the bill early Saturday morning. No Republicans in either chamber voted for the measure. President Biden is expected soon to sign it into law. In addition to comprehensive COVID-19 relief, including stimulus checks, extension of unemployment insurance, funding for schools and vaccine distribution, and direct aid to state and local governments, the legislation includes more than $42.5 billion in funding for affordable housing programs.
NCSHA Welcomes Rep. Marcia Fudge as HUD Secretary
WASHINGTON, DC — The National Council of State Housing Agencies congratulates Rep. Marcia Fudge on her confirmation today as Secretary of Housing and Urban Development. She is the first woman to...
Hogan Administration Announces Fiscal Year 2021 State Revitalization Program Awards
Today Governor Larry Hogan announced awardees from the Fiscal Year 2021 application round for three state revitalization programs administered by the Maryland Department of Housing and Community Development. The Community Legacy program, the Strategic Demolition Fund, and the Baltimore Regional Neighborhood Initiative will provide more than $27 million to 157 projects in 19 counties and Baltimore City that support community development and economic growth.
New Allocation of Housing Assistance Available for Households Affected by COVID-19
South Dakota Housing Development Authority (SDHDA) is now accepting applications for a new allocation of funds to help with housing assistance – rent, mortgage and/or utilities – for households affected by the COVID-19 pandemic. “After helping more than 3,000 households with the first round of assistance, SDHDA recognizes that families are still struggling with uncertainties,” said Executive Director Lorraine Polak. “This additional funding helps cover families’ basic needs so they can meet their other financial obligations, too.”
MassHousing Awards $72,750 for Affordable Sober Housing to Support Women and Men in Salisbury and Amesbury
MassHousing has awarded a total of $72,750 in grant funding to Link House, Inc. to modernize 65 affordable sober housing units in Salisbury and Amesbury for women and men in recovery. 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 Approves Agreement with JPMorgan Chase Resolving Claims of Race Discrimination in Appraisals
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) announced today that it has approved a Conciliation Agreement between JPMorgan Chase Bank and an African-American woman,...
NCSHA Washington Report | March 5, 2021
A brutal paradox of the pandemic is that some of the most financially stressed real estate assets — home to many of the most financially stressed Americans — may be increasingly attractive...
HUD Publishes Data on Housing Credit Tenant Characteristics
On March 2, the U.S. Department of Housing and Urban Development (HUD) published demographic data on tenants living in Housing Credit properties as of 2018. This data, collected annually from state Housing Credit allocating agencies as required by the Housing and Economic Recovery Act of 2008, includes details on tenant race, ethnicity, family composition, age, income, use of rental assistance, disability status, and monthly rent burden. Note that, while in the past HUD has published a formal report on Housing Credit tenant data, this year it has simply made the data available in table format with a separate background document that also provides a brief explanation of each available table.
Ribbon-Cutting for The Station at Grant Avenue Affordable Housing Development
New Jersey Housing and Mortgage Finance Agency (NJHMFA) Executive Director Melanie R. Walter today joined Plainfield Mayor Adrian O. Mapp, City Council President Steve Hockaday, Economic Development & Policy Director Valerie Jackson, South Second Street Redevelopment, LLC, funding partners and community members for the ribbon-cutting for The Station at Grant Avenue, a new 90-unit, 100% affordable housing development in the City of Plainfield, NJ, financed in part by NJHMFA.
State of Maryland Designates New Sustainable Community in Caroline County
The Maryland Department of Housing and Community Development today announced that the Town of Goldsboro has been named Maryland's newest Sustainable Community. With this designation, Goldsboro becomes the sixth Sustainable Community in Caroline County and the 122nd in the state. The Sustainable Community program provides local governments with a revitalization "toolbox" of state resources including programs, loans, grants and tax credits that can support brick and mortar community projects, small business development, job creation, and tourism.
CHFA Names Cindy Adams as Controller/Director of Accounting
Colorado Housing and Finance Authority (CHFA) is pleased to announce Cindy Adams has been named its controller/director of accounting. Adams leads CHFA’s accounting and financial reporting functions with direct responsibility and oversight to ensure CHFA conforms to generally accepted accounting principles. Adams previously served as CHFA’s financial reporting manager and brings more than 20 years of experience in the areas of accounting leadership, financial reporting, budgeting, cost accounting and overall fiscal management.
