Newsroom
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).
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...
