Newsroom
Groundbreaking Marks Start of Major Renovation of Affordable Apartments in Camden
NJHMFA Executive Director Charles A. Richman, local officials and The Michaels Organization broke ground today on a major renovation of 64 townhomes that will preserve historic properties and affordable homes for families living in the city. Cooper Plaza Townhomes is the restoration of a five-block section of homes in the vicinity of Cooper University Hospital and the city’s downtown business district, close to jobs, transportation, shopping and schools.
HUD Delays New Down Payment Assistance Requirements for 90 Days; NCSHA to Continue Seeking Clarification
At the request of NCSHA and other industry associations, the Federal Housing Administration (FHA) earlier today issued Mortgagee Letter 2019-07 (ML 2019-07). ML 2019-07 officially delays the implementation of HUD’s recently announced documentation requirements for government down payment assistance programs (ML 2019-06) by 90 days.
Funding Available for Emergency Shelter and Homelessness Prevention
SDHDA is inviting nonprofits and units of local government to submit applications for funding from the Emergency Solutions Grants program. The ESG program, funded by the U.S. Department of Housing and Urban Development, provides financing for short-term and medium-term rental assistance and services to stabilize and rapidly re-house individuals and households who are homeless or at risk of becoming homeless.
Debunking the Myth That Small-Dollar Mortgages are Riskier
The difficulty of obtaining mortgages for low-cost homes has made homeownership even harder at the most affordable end of the spectrum. Only one in four homes purchased for $70,000 or less in 2015...
Trump’s Housing Agency Cracks Down on Zero-Down Home Loans
The Trump Administration is cracking down on national affordable housing programs because of concern over growing risk to the government’s almost $1.3 trillion portfolio of federally insured...
Democrats Court a New Voting Bloc: People Who Don’t Own Homes
Renters hold little sway in Washington. They vote at lower rates than homeowners. They’re generally represented in Congress by homeowners. They have no deep-pocketed lobbyists. And their...
Trump-Appointed Official Promises Full Push to Overhaul Plumbing of Mortgage Market
WASHINGTON — The newly installed overseer of Fannie Mae and Freddie Mac is planning a new push to overhaul the housing-finance companies, aiming to solve the last major quandary from the...
NCSHA Washington Report | April 19, 2019
Congress and the Administration remain at an impasse over funding for disaster recovery efforts in Alabama, California, Florida, Georgia, Iowa, Nebraska, North Carolina, Puerto Rico, South...
White House and HUD Publish Opportunity Zone Implementation Plan
WASHINGTON, D.C. – The White House Opportunity and Revitalization Council (“Council”) today published its Implementation Plan, outlining to President Donald J. Trump a detailed work plan for...
Treasury Issues Second Set of Highly Anticipated Opportunity Zones Guidance
Washington – The U.S. Department of the Treasury today issued its second set of proposed regulations related to the new Opportunity Zones tax incentive. The tax benefit, created by the 2017 Tax...
Trump Officials Stress Urgency In Fannie, Freddie Revamp
WASHINGTON—Senior Trump administration officials are discussing how to jump-start an overhaul of mortgage finance, with the new federal overseer of Fannie Mae and Freddie Mac pledging to act...
HUD Announces Request for Information on Maximizing the Positive Impact of Opportunity Zones
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today announced a Request for Information (RFI) seeking public input on how the Department can use its existing authorities...
