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NCSHA Washington Report | August 16, 2019
In an otherwise thoughtful overview of the housing crisis and the various proposals to address it from Democrats running for president, Vox’s Matthew Iglesias concludes, “There’s...
Iowa Finance Authority Awards Central Iowa Shelter & Services $2.7 Million for Construction of 24-Unit Apartment Building in Des Moines
The Iowa Finance Authority Board of Directors recently awarded $2.7 million to Central Iowa Shelter & Services to construct 24 studio apartments that will provide supportive housing for homeless clients who are ready to transition into independent living. The funding is made available through the National Housing Trust Fund program.
FHA Issues New Review Requirements for Condominium Loans
The Federal Housing Administration (FHA) earlier today issued a final rule revising the requirements condominium projects must meet for their single-family units to be eligible for FHA mortgage insurance.
FHA Issues New Condominium Approval Rule
WASHINGTON - In an effort to promote affordable and sustainable homeownership, especially among credit-worthy first-time buyers, the Federal Housing Administration (FHA) today published a...
U.S. Will Back More Condominium Loans Aimed at First-Time Buyers
The Trump administration is vastly expanding the scope of condominium purchases eligible for lower-down-payment loans.
Hurricane Michael Homeownership Housing Relief Receives 118 Loans
Over $1.7 million has been reserved for 118 loans through Florida Housing Finance Corporation’s (Florida Housing) new homeownership programs in the following Hurricane Michael impacted counties: Bay, Calhoun, Franklin, Gadsden, Gulf, Holmes, Jackson, Liberty, Taylor, Wakulla and Washington.
Lisa Beran Appointed as New Interim Executive Director of Kentucky Housing Corporation
Kentucky Housing Corporation (KHC), the state housing finance agency, announces Lisa Beran as its new interim executive director and chief executive officer after Edwin King announced his resignation to enter the private sector.
NABJ Announces Salute to Excellence Winners: DCHFA Recognized
DCHFA was selected by the National Association of Black Journalists to receive its 2019 Salute to Excellence Award in the PR & Marketing Campaigns – Government category. The competition is the only event in the United States that honors exemplary coverage of African/ African-American people or issues exclusively.
FHA To Promote Greater Residential and Commercial Development in OZs
WASHINGTON - To stimulate greater multifamily residential and commercial development in Opportunity Zones, U.S. Housing and Urban Development (HUD) Secretary Ben Carson today announced the Federal...
Lower Mortgage Rates Aren’t Likely to Reverse Sagging Home Sales
U.S. mortgage rates have tumbled to their lowest level in nearly three years, but they are unlikely to provide much of a lift to the sagging home-sales market.
New Financing to Create, Preserve 380 Affordable Apartments
The Washington State Housing Finance Commission has approved a total of $88 million in financing for the new construction or preservation of 380 affordable apartments across western Washington. “These projects will contribute construction jobs and commercial space to their communities while providing critically needed homes for seniors and those experiencing homelessness,” said Karen Miller.
NCSHA Washington Report | August 9, 2019
Fannie Mae’s recent decision to slash the lender and borrower advantages available through its Home Ready and HFA Preferred products for low- and moderate-income (LMI) buyers reflects the...
