Newsroom
Freddie Mac Rolls Manufactured Housing Pilot Out to the Full Market
Freddie Mac is now offering to buy a new form of manufactured housing loan with terms similar to that of conventional mortgages from all eligible lenders, following a test run last year.
Aging Millennials Projected to Drive Up US Housing Prices
Becoming a homeowner is likely to get more costly and competitive over the next decade as millions more Americans enter the age range where people typically seek to buy their first home.
House Appropriations Subcommittee Approves FY 2020 HUD Bill with Significant Funding Increases for HOME and Other HUD Programs
On May 23, the House Appropriations Subcommittee on Transportation, Housing, and Urban Development approved its Fiscal Year 2020 funding bill, which provides $50.1 billion for HUD programs, $5.9 billion more than the FY 2019 enacted level and $13.4 billion more than the Administration’s FY 2020 budget request.
WHEDA Receives ‘AA’ Issuer Credit Rating From Standard & Poor’s Global Ratings
Standard and Poor’s Global Ratings (S&P) has affirmed its issuer credit rating for the Wisconsin Housing & Economic Development Authority (WHEDA) as 'AA' saying WHEDA’s outlook is stable. In 2018, S&P raised WHEDA’s rating to 'AA' from ‘AA-‘. “S&P’s review provides reassurance in WHEDA’s ability to meet its mission while remaining financially stable to its partners,” said WHEDA Chief Financial Officer Sherry Gerondale.
House Financial Services Committee Hearing Focuses on Housing as Infrastructure
On April 30, the House Financial Services Committee held a hearing entitled “Housing America: Assessing the Infrastructure Needs of America’s Housing Stock,” exploring the need to produce and preserve affordable housing as part of the nation’s infrastructure and strategies to improve affordability.
966 Affordable Homes Created, Preserved Across State
This spring, the Washington State Housing Finance Commission has approved $237 million in financing for the construction or preservation of 966 affordable apartments statewide—including housing with services for those experiencing homelessness. “With the demand for affordable housing on a steady rise, it is now more important than ever to act to bridge the gap we see in our society today”
Should cities subsidize housing for a family making $141,000?
From coast to coast, booming American cities and suburbs are looking for ways to preserve homes for an increasingly cash-strapped middle class.
Florida Housing Announces Wind Down of Federal Reverse Mortgage Assistance Program for Florida Seniors
Florida Housing Finance Corporation (Florida Housing) is announcing the that the Elderly Mortgage Assistance Program (ELMORE), which assists seniors who are in default of their reverse mortgage, will close the program to new applications on June 30, 2019. Launched in 2013, ELMORE has spent more than $52million in federal funding and has assisted more than 2,600 Florida seniors with keeping their homes.
NCSHA Washington Report | April 26, 2019
The newest numbers from the Census Bureau bring National Fair Housing Month to a discouraging close: As of the first quarter of 2019, the black homeownership rate was 41 percent,...
FHFA Reports Fannie and Freddie Made Progress on 2018 Scorecard Objectives
The Federal Housing Finance Agency (FHFA) yesterday released a Progress Report outlining the various activities Fannie Mae and Freddie Mac undertook in 2018 to meet FHFA’s regulatory objectives for the firms.
HUD Proposes Rule to Prohibit Undocumented Immigrants from Housing Assistance
On April 17, the Department of Housing and Urban Development (HUD) released a proposed rule for Congressional review that would prohibit “mixed status families” from receiving federal housing assistance through HUD’s Public Housing, Project-Based Rental Assistance, and Housing Choice Voucher programs.
NJHMFA Celebrates Topping Out Ceremony for Mixed-Income Apartment Complex in Essex County
A topping-out ceremony today marked the near completion of a new transit-oriented development that will provide 100 mixed-income rental apartments and included New Jersey Housing and Mortgage Finance Agency (NJHMFA) staff, local officials and representatives of The Alpert Group. Valley Road Residential features a five-story building with 45 market-rate apartments and 55 that are affordable for households earning up to 60 percent of the area median income (AMI).
