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FHFA Reports GSEs Met 2018 Affordable Housing Goals and Duty-to-Serve Requirements
According to a report released today by the Federal Housing Finance Agency (FHFA), the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac in 2018 met all their affordable housing goals and their obligations under the Enterprise Duty-to-Serve Rule. The report, which FHFA submits to Congress each year, summarizes the GSEs’ 2018 affordable housing activities.
NCSHA Announces Newly-Elected Board Officers and Directors
PHOTO, L to R: Vice Chair Scott Spivey, Immediate Past Chair Grant S. Whitaker, NCSHA Executive Director Stockton Williams, Secretary/Treasurer Margaret Salazar, Chair Tia Boatman Patterson, and...
South Carolina’s First Comprehensive Housing Needs Assessment in Two Decades
In 1971, then US Senator Fritz Hollings said, “Poverty is a wheel with several spokes. On this wheel you've got the spoke of health, the spoke of housing, job training, job opportunity and rehabilitation.” At that time, hunger was seen as one of the state’s most pressing problems. Today a different challenge dominates the state (and nation)—a growing, pressing need for available and affordable housing.
SDHDA Awards Dick Werner with Friend of Housing Award
South Dakota Housing Development Authority (SDHDA) presented its “Friend of Housing” Award to Dick Werner at the annual statewide housing conference. This is the twentieth year of SDHDA presenting the award to an individual who has made a commitment to affordable housing in South Dakota through their contributions, achievements and vision. As a former legislator and county commissioner, Werner spent many years advocating the importance of affordable housing all across South Dakota.
Ribbon Cutting Marks Completion of Major Renovation of Affordable Apartments in Camden
New Jersey Housing and Mortgage Finance Agency (NJHMFA) Executive Director Charles A. Richman, local officials and The Michaels Organization today celebrated the completion of the major renovation of 64 townhomes that will preserve historic properties and affordable homes for families in Camden. Cooper Plaza Historic Townhomes involved the restoration of a five-block section of homes near Cooper University Hospital and the city’s downtown business district, close to jobs, transportation, shopping and schools.
Governor Wolf Announces New Funding to Help Create a New Shopping Center with Supermarket in Reading
Governor Tom Wolf today announced that CCG has completed a NMTC transaction of up to $8 million to rehabilitate a former automotive dealership site into a mixed-use retail shopping center in Reading. “This large, vacant parcel of land was having a negative effect on nearby neighborhoods, discouraging investment and reducing home values,” said Gov. Wolf.
New FHFA Strategic Plan and Scorecard Lay Path for GSEs to Exit Conservatorship, Support Administration Reform Plan
The government-sponsored enterprises Fannie Mae and Freddie Mac will be expected to prepare for a responsible end to their conservatorships and to help to implement the Trump Administration’s housing finance reform proposals under the Federal Housing Finance Agency’s newly-released Strategic Plan for 2019 and Enterprise Scorecard for 2020
HUD and Justice Department Sign Interagency Memorandum on the Application of False Claims Act
WASHINGTON - U.S. Housing and Urban Development Secretary Ben Carson and U.S. Attorney General William Barr today issued a Memorandum of Understanding (MOU) between the two agencies that sets...
FHFA Releases New Strategic Plan and Scorecard for Fannie Mae and Freddie Mac
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today released a new Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac and a new 2020 Scorecard for Fannie...
Housing Finance Agencies strengthened by strong demand
Through Oct. 24, single-family issuance totaled $11.55 billion, up from $10.9 billion in calendar 2018, while multifamily issuances came to $6.36 billion, below the 2018 total of $6.8 billion, the...
HUD Releases Evaluation of Rental Assistance Demonstration
WASHINGTON - In 2012, the U.S. Department of Housing and Urban Development (HUD) embarked upon a new program to address the critical capital needs of severely distressed public housing. Today, HUD...
Proposed Modifications to GSE Duty-to-Serve Plans Include Decreased Loan Purchases
The Federal Housing Finance Agency yesterday released a Request for Information seeking public input on several changes Fannie Mae and Freddie Mac have proposed to their respective Underserved Market Plans for years 2018 – 2020.
