Newsroom
FHFA Report Requests New Authorities; Urges Congress to Pass GSE Reform
The Federal Housing Finance Agency (FHFA) earlier today requested that Congress grant it the authority to charter new government-sponsored mortgage guarantors to compete with Fannie Mae and Freddie Mac. The proposal was included in FHFA’s 2018 Report to Congress, which summarizes FHFA’s 2018 examinations of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.
Ribbon Cutting Marks Opening of Historic New Jersey Bell Building Restoration in Newark
State and local officials, including New Jersey Housing and Mortgage Finance Agency (NJHMFA) Executive Director Charles A. Richman, today celebrated a ribbon-cutting ceremony marking the opening of Walker House, which involved the transformation of the historic New Jersey Bell building into a mixed-use, mixed-income development. The restoration provides 264 apartments, including 53 which are affordable for families earning between 40 and 50 percent of the area median income as well as office and ground-floor retail space.
Applications for Federal Reverse Mortgage Assistance Program Ends This Month
The deadline to accept applications for Florida’s federal Elderly Mortgage Assistance Program (ELMORE) is June 30, 2019. Under the leadership of Executive Director Trey Price, Florida Housing Finance Corporation (Florida Housing) has disbursed 100 percent of the funds for Florida’s Hardest-Hit Fund (HHF) ahead of schedule. Originally scheduled to end in 2020, qualified homeowners who are seniors in Florida may continue to apply for assistance through ELMORE until June 30, 2019.
NCSHA Washington Report | June 7, 2019
This week in Washington, a western North Carolina House Republican described as one of the closest allies of President Trump and a Democrat from northeast Ohio campaigning for the...
Iowa Finance Authority Awards Siouxland Habitat for Humanity $50,000 for the Construction of Home in Orange City
The Iowa Finance Authority Board of Directors recently awarded a $50,000 State Housing Trust Fund grant to Siouxland Habitat for Humanity to assist in the construction of a home in Orange City. The funding is made available through the State Housing Trust Fund’s Project-Based Housing program. The program provides financing for the development of affordable single-family and multifamily housing units.
$29 Billion in Anticipated Opportunity Zone Investment Identified by NCSHA
NCSHA released an updated edition of its Opportunity Zone Fund Directory today, with details on 143 Qualified Opportunity Funds established to invest in high-poverty neighborhoods designated as Opportunity Zones. The directory includes 13 new funds and details on each fund’s size, investment focus, and geographic focus.
House Appropriators Advance Transportation-HUD Bill
The House Appropriations Committee advanced a $137.1 billion fiscal 2020 Transportation-HUD spending bill by a 29-21 vote, proposing to increase funding for housing and transportation systems,...
NCSHA Statement on the Affordable Housing Credit Improvement Act of 2019
Urge your members of Congress to co-sponsor the Affordable Housing Credit Improvement Act, S. 1703/H.R. 3077. The National Council of State Housing Agencies commends Senators Maria Cantwell (D-WA),...
Congress Gives Final Approval to Long-Delayed Disaster Aid
WASHINGTON — Congress gave final approval on Monday to a long-delayed disaster aid package, ending the congressional impasse that has stymied efforts to send billions of dollars in relief to...
Fannie and Freddie Changes Could Lower Housing Costs for Millions of Americans
Starting Monday, the U.S. government is making what’s widely described as the biggest change in a generation to the inner workings of the roughly $4.4 trillion market in mortgage-backed securities...
Governor Wolf Announces New Markets Tax Credits for Low-Income, Rural Communities
Governor Tom Wolf today announced that Commonwealth Cornerstone Group, a nonprofit community development entity (CDE) created by the Pennsylvania Housing Finance Agency, has been awarded $55 million in New Markets Tax Credit (NMTC) allocations. “New Markets Tax Credits have a proven track record of attracting private sector investment to areas that need jobs and an economic spark,” said Governor Wolf.
DCHFA Kicks-off Homeownership Month with the Lender’s Fair and Homebuyer Incentives
June is National Homeownership Month and DCHFA is launching into the celebration on June 1st ‘by hosting the Lender ’s Fair. Potential homebuyers will have the opportunity to meet one-on-one with lenders and housing counselors to learn how to purchase a home in the District using DC Open Doors, HPAP and/or the Mortgage Credit Certificate Programs. The event takes place 10:00 a.m. to 2:00 p.m. at DCHFA (815 Florida Avenue NW).
