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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...
Treasury Department Requests Information on Opportunity Zone Data Collection
Concurrent with publication of new proposed regulations on Opportunity Zones, the Treasury Department published a Request for Information (RFI) to seek public input on the development of information collection and tracking related to Opportunity Zone investments. In the RFI, Treasury notes the purpose of information collection and tracking is to measure the effectiveness of the Opportunity Zone policy in achieving its stated goals and to ensure that the investment remains an attractive option for investors.
NHC Releases 2018 Paycheck to Paycheck Report and Database
On April 16, the National Housing Conference released its 2018 Paycheck to Paycheck report and database highlighting housing affordability challenges for workers in 81 occupations living in 259 metropolitan areas in the United States.
Treasury Department Releases Additional Opportunity Zone Guidance
The Treasury Department released a highly anticipated second set of proposed regulations April 17 providing guidance on Opportunity Zone provisions of Internal Revenue Code section 1400Z-2. The regulations clarify certain issues addressed in the first set of proposed regulations last October and provide additional guidance on significant new issues.
Maryland Announces Four New Sustainable Communities
Three Eastern Shore towns and one community in Carroll County have been named Maryland's newest Sustainable Communities. With the addition of East New Market, Finksburg, Galena, and Hebron, the Smart Growth Subcabinet has designated 116 Sustainable Communities across Maryland since the creation of the program in 2010.
Hogan Administration Announces Additional $700,000 to Support Ellicott City Recovery Plan
The Maryland Department of Housing and Community Development today announced $700,000 in additional funding to continue supporting recovery efforts in Ellicott City. The funding will support Howard County’s recently announced second phase of the EC Safe and Sound plan. The plan seeks to ensure public safety, support business and property owners, maintain Ellicott City’s historic charm, and develop a more inclusive, community-driven process.