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CHFA Launches Capital Magnet Fund to Support Affordable Housing
Colorado Housing and Finance Authority unveiled its new statewide housing fund, the Capital Magnet Fund, to support the development and preservation of affordable rental housing across Colorado.
House Votes to Extend Federal Flood Insurance Program Through November 30
The U.S. House of Representatives yesterday voted to extend the authorization for the National Flood Insurance Program (NFIP) for four months through November 30. The program is set to expire on July 31.
FHLBank Pittsburgh and PHFA Provide Progress Report on Home4Good Program
FHLBank Pittsburgh and the Pennsylvania Housing Finance Agency (PHFA) announced today that 15 Continuum of Care (CoC) providers from across the state have confirmed their participation in the Home4Good program.
Banking Committee Considers Ginnie Mae, HUD OIG Nominees
The Senate Banking Committee earlier today held a hearing to examine nominees for two key HUD positions: Michael Bright to serve as President of Ginnie Mae and Rae Oliver Davis to serve as HUD’s Inspector General (IG).
Ways and Means Chairman Releases Broad Framework for Tax Legislation Following Up on 2017’s Reforms
Earlier today, House Ways and Means Chairman Kevin Brady (R-TX) released a framework outlining key goals for tax legislation he intends to introduce this Fall as a follow up to the tax reform legislation enacted in December, 2017.
Banking Committee Considers Kraninger Nomination to Head CFPB
The Senate Banking Committee last week held a hearing to consider the nomination of Kathleen Kraninger to serve as Director of the Consumer Financial Protection Bureau (CFPB).
Senator Harris Introduces Renters’ Tax Credit Legislation
On July 19, Senator Kamala Harris (D-CA) introduced The Rent Relief Act of 2018, S. 3250, to provide renters with a refundable credit against their federal tax liability for the rent and utilities they pay in excess of 30 percent of their gross annual income.
Financing for Rental Housing Developments Approved by NHHFA Board
Funding for six multi-family affordable rental housing developments, which will produce or preserve 166 units of general occupancy, age-restricted and special needs housing around the state, was recently approved.
FY 2018 Capital Magnet Fund Application Round Now Open
On July 18, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the Fiscal Year (FY) 2018 funding round for the Capital Magnet Fund (CMF).
Senators Introduce Bipartisan Legislation to Create Affordable Housing Task Force
On July 18, Senator Todd Young (R-IN) introduced S.3231, the Task Force on the Impact of Affordable Housing Crisis Act.
Stockton Williams Interviewed, HFA Programs Featured in “The Down Payment Report”
The July edition of Down Payment Report, the monthly newsletter published by online home-buying assistance aggregator Down Payment Resource, includes an interview with NCSHA Executive Director...
Funding Available for the Development of Affordable Housing
SDHDA announces approximately $17.5 million is available for funding during the 2018 application cycle for the HOME Investment Partnerships, Housing Tax Credit, Housing Opportunity Fund, Housing Trust Fund and Neighborhood Stabilization programs.
