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House Committee Holds Hearing on Fannie/Freddie Conservatorship; Chairman Announces Bipartisan Reform Legislation
The House Committee on Financial Services Thursday held a hearing, titled A Failure to Act: How a Decade Without GSE Reform Has Once Again Put Taxpayers at Risk, to review the 10 years since Fannie Mae and Freddie Mac (GSEs) were placed under government conservatorship.
USDA Proposes Changes to Single-Family Loan Programs
USDA’s Rural Housing Service (RHS) today issued a proposed rule that would implement several changes to its single-family direct and guaranteed loan programs.
Federal Regulators Publish Rule to Classify Muni Bonds as High-Quality Liquid Assets
Federal banking regulators – the Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation, and the Federal Reserve – published earlier today an interim final rule changing how municipal bonds are treated under federal liquidity standards.
Washington Report | August 31, 2018
We’ve known for a while now that a shortage of construction workers has led to higher housing costs. “Although better housing quality accounts for some of this increase, sharply higher costs...
The Maryland Department of Housing and Community Development will administer $8,162,455 in CDBG awards for 17 community development and infrastructure projects in 12 counties.
The Hogan administration today announced funding recipients for the Maryland Department of Housing and Community Development's most recent application round for federal Low Income Housing Tax Credits and state Rental Housing Funds.
OCC Seeks Public Comments on CRA Reform
The Office of the Comptroller of the Currency (OCC) released today an Advance Notice of Proposed Rulemaking (ANPR) soliciting public input on how it could best amend its Community Reinvestment Act (CRA) regulations.
Kentucky Housing Corporation Honors Achievements in Housing Innovation
Awards honoring excellence and innovation in affordable housing were presented during the 2018 Kentucky Affordable Housing Conference in Lexington, which was held August 21-22.
Housing for Chronically Homeless Individuals Underway
Construction has begun on Edwinton Place, a Permanent Supportive Housing (PSH) project that will offer stable housing and support services for 40 individuals who have experienced chronic homelessness in the Bismarck area.
Senator Wyden Introduces Middle-Income Housing Tax Credit and First-Time Homebuyer Tax Credit Bills
On August 22, Senate Finance Committee Ranking Member Ron Wyden (D-OR) introduced the Middle Income Housing Tax Credit Act of 2018, S. 3365, which would create a new state-administered tax credit, modeled after the Low Income Housing Tax Credit (Housing Credit), to stimulate the development of rental housing for middle-income households earning up to 100 percent of area median gross income (AMGI).
Washington Report | August 25, 2018
Toward the end of a season that saw extensive coverage of the financial crisis’ 10-year anniversary have come a flurry of headlines pointing to continued evolution in a market shift that the crisis...
HUD Seeking Nominations for 2019 HUD Secretary’s Opportunity and Empowerment Award
The U.S. Department of Housing and Urban Development, in partnership with the American Planning Association (APA), is currently accepting nominations for its annual HUD Secretary’s Opportunity and Empowerment Award, which recognizes community planning efforts that have improved the quality of life for low- and moderate-income residents.
Senate Committee Approves Six Nominees to Be Considered by Full Senate
The Senate Committee on Banking, Housing, and Urban Affairs Thursday voted to favorably report six Trump Administration nominees to the full Senate.
