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MassHousing Honors Residential Mortgage Services and Boston’s Department of Neighborhood Development for Their Commitment to Affordable Homeownership
MassHousing recognized RMS for its success originating MassHousing home mortgage loans in the Commonwealth’s 26 Gateway Cities. In fiscal year 2018, RMS helped more Massachusetts homebuyers purchase a home in a Gateway City than any other partner in MassHousing’s lender network. In FY18, RMS originated 156 home loans in the Gateway Cities, for $31.1 million in total financing. Overall in FY18, RMS originated 316 MassHousing loans in Massachusetts, for $67 million in mortgage financing.
FHFA Report Finds Progress in Developing Common MBS and Securitization Platform
The Government-Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac remain on track to begin issuing common mortgage-backed securities (MBS) on a common trading platform on June 3, according to a new report from the Federal Housing Finance Agency (FHFA).
Treasury and IRS Plan Guidance on Income Averaging, Other Housing Credit- and Bond-Related Issues
On November 8, the Treasury Department (Treasury) and Internal Revenue Service (IRS) issued their 2018–2019 Priority Guidance Plan (PGP) which lists guidance projects on which Treasury and IRS will focus during the 12-month period from July 1, 2018, to June 30, 2019.
PHFA Recognizes State’s Housing Counselors for Helping Consumers
PHFA recognized the work of the state’s private sector housing counselors today during an event at the Harrisburg Hilton. These counselors help PHFA achieve its housing mission by assisting state residents with questions about homeownership, home foreclosure, budgeting and their personal credit score so they can make better informed housing decisions. Most recently, some counseling agencies have also started providing money management education, as well.
Kim Herman Inducted into National Affordable Housing Hall of Fame
Today, Kim Herman, executive director of the Washington State Housing Finance Commission, will be inducted into the national Affordable Housing Hall of Fame. The recognition by Affordable Housing Finance magazine will be presented today in a ceremony at the Affordable Housing Developers Summit in Chicago, Ill. Each year, AHF honors four leaders who have made a notable difference in the lives of low-income Americans.
FHFA Issues Proposed Rule on Federal Home Loan Bank Housing Goals
Washington, D.C. – The Federal Housing Finance Agency (FHFA) is seeking comments on proposed amendments to the existing regulation for the Federal Home Loan Bank (FHLBank) Housing Goals. The...
NCSHA Releases Expanded Opportunity Zone Fund Directory
NCSHA released a significantly expanded second edition of its Opportunity Zone Fund Directorytoday, including details on 34 Qualified Opportunity Funds (QOFs) formed to attract Opportunity Zone investment.
NCSHA Releases 2018 Election Analysis
Executive Summary In the 2018 midterm elections, Democrats gained a majority in the House and Republicans grew their small Senate majority, setting up a divided congressional government for the...
Urban Commercial Real Estate, Multifamily Housing Favored by Opportunity Zone Fund Managers
WASHINGTON, DC — Fund managers aiming to raise capital through the Opportunity Zone (OZ) tax incentive enacted last year are heavily focused on commercial real estate in larger urban areas,...
FHFA Announces 2019 Multifamily Lending Caps for Fannie Mae and Freddie Mac
On November 6, the Federal Housing Finance Agency (FHFA) released its 2019 multifamily lending caps for the Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac.
Iowa Finance Authority Awards $2.7 Million to Build Permanent Supportive Housing for Addiction Recovery Center in Dubuque
The Iowa Finance Authority Board of Directors recently awarded $2.7 million to nonprofit Manasseh House/Operation Empower to fund the construction of Liberty Recovery Community, an addiction recovery center with permanent supportive housing in Dubuque. The funding was made available through the National Housing Trust Fund program.
Iowa Finance Authority Awards City of Garner $360,000 For Workforce Housing
The Iowa Finance Authority Board of Directors today approved a $360,000 low-interest loan to the City of Garner for the construction of twelve new workforce rental townhomes. The award was made through the Workforce Housing Loan program, which provides financial assistance in the form of low-cost repayable loans to cities and counties.
