Newsroom
Federal Banking Regulators Propose to Raise Appraisal Requirement Threshold
On November 20, the federal banking regulators — the Office of the Comptroller of the Currency (OCC), the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) — released a proposed rule that would increase the appraisal exemption for single-family mortgage loans for all federally regulated banks. The agencies will accept public comments until 60 days after the notice is published in the Federal Registrar, which is expected shortly.
FHFA Finalizes Amendments to FHLB Affordable Housing Program
The Federal Housing Finance Agency (FHFA) November 20 released a final rule amending the Federal Home Loan Banks’ (FHLB) Affordable Housing Program (AHP). The rule gives the FHLBs more flexibility in administering and targeting their AHP programs to meet specific housing needs.
NJHMFA Awards $28M In Federal Tax Credits To Expand Affordable Housing for Families, Seniors, Special Needs Residents
A mixed-income development in Jersey City, affordable apartments for families in Trenton, a senior community in Wall and supportive housing in Glassboro were among the 22 developments awarded over $28 million in the highly competitive federal 9 percent Low Income Housing Tax Credit program (LIHTC) by the New Jersey Housing and Mortgage Finance Agency (NJHMFA) to expand affordable housing statewide.
NCSHA Urges OCC to Ensure CRA Continues to Support Housing Credit and Bond Investments
Any changes made to the Community Reinvestment Act regulations should encourage banks to continue investing in Housing Credits and Housing Bonds, NCSHA argues in a comment letter submitted yesterday to the Office of the Comptroller of the Currency.
NJHMFA Marks Grand Opening of Affordable Housing for Veterans, Families in Gloucester County
A new community of affordable rental apartments for veterans and families celebrated its official grand opening today joined by Lieutenant Governor Sheila Y. Oliver, New Jersey Housing and Mortgage Finance Agency (NJHMFA) Executive Director Charles A. Richman, Senate President Stephen M. Sweeney, local officials, and representatives from Conifer Realty LLC and the People for People Foundation.
Supportive Senior Housing Projects Awarded Development Assistance
NDHFA awarded a total of $3.39 million in federal tax credit authority to the projects through the Low Income Housing Tax Credit (LIHTC) program which will generate more than $30 million in equity. The Agency also awarded $2.8 million from the National Housing Trust Fund (HTF) and $1.6 million from the state’s Housing Incentive Fund (HIF).
FHA Report Says Greater Clarity Needed on Down Payment Assistance Programs
The economic value of the Federal Housing Administration’s (FHA) Mutual Mortgage Insurance Fund (MMIF) improved in fiscal year (FY) 2018, according to FHA’s 2018 Report to Congress.
Washington Report | November 16, 2018
On November 16, 2017, the House of Representatives approved its version of the Tax Cuts and Jobs Act (H.R.1), which would have crippled the ability of states and local communities to finance...
IRS Publishes 2019 State Housing Credit and Private Activity Bond Cap Amounts
IRS issued Revenue Procedure 2018-57, providing 2019 per capita and small state minimum volume cap amounts for the Low Income Housing Tax Credit (Housing Credit) and Private Activity Bonds (PAB).
Over 400 Housing Professionals Came Together this Week to Discuss Strategies to Promote Stable, Affordable Housing
Over 400 housing professionals from across Vermont came together this week at the Hilton Burlington to discuss strategies to promote stable, affordable housing. The high level of attendance at the conference reflected the concern that many Vermont communities feel over the increasing cost of housing in their communities.
FHA Report Finds Health of Mortgage Insurance Fund Improving
The economic value of the Federal Housing Administration’s (FHA) Mutual Mortgage Insurance Fund (MMIF) improved in fiscal year (FY) 2018, according to FHA’s 2018 Report to Congress.
JCHS Report Highlights Housing Needs of America’s Older Adult Population
On November 14, Harvard University’s Joint Center for Housing Studies (JCHS) published “Housing America’s Older Adults” exploring the housing trends of older adults and identifying challenges that face this growing population.
