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Washington Report | December 21, 2018

Months before the Federal Reserve Bank’s decision this week to raise interest rates, most everyone in affordable housing finance and development was already grappling with impacts of more...

Like It Forward: CHFA Donates $2,650 to Care and Share Food Bank for Southern Colorado

Colorado Housing and Finance Authority (CHFA) was pleased to donate $2,650 to Care and Share Food Bank for Southern Colorado, 501(c)3 nonprofit that provides food to over 270 partner hunger-relief agencies across 31 counties in southern Colorado. The donation was the result of a three-week long social media campaign CHFA promoted called “Like It Forward.”

FHFA Publishes Modified Fannie Mae Duty-to-Serve Plan

The Federal Housing Finance Agency earlier today published Fannie Mae’s modified Underserved Market Plan for 2018-2020. Fannie Mae pledges in the new plan to substantially increase its Housing Credit equity investments for properties located in rural areas over the three-year period.

FHFA Releases 2019 Scorecard for GSEs

Earlier today, the Federal Housing Finance Agency (FHFA) released the 2019 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions (CSS). The scorecard outlines the steps FHFA expects each of the firms to undertake next year to fulfill FHFA’s Strategic Plan for Enterprise Conservatorship, which was first published in 2014.

NJHMFA Celebrates Grand Opening of Rehabilitated Affordable Apartments for Families in Essex County

New Jersey Housing and Mortgage Finance Agency (NJHMFA) executive staff joined local officials and developer CB Cubed, LLC today to mark the completion of a major renovation of the Berkeley Terrace Apartments, a 152-unit affordable rental complex for families. The complex, located on Berkeley Terrace and Grove Street in Irvington, consists of one- to three-bedroom units in two-story, brick buildings.

FHA Announces Increased Single-Family Loan Limits for 2019

Late last week, the Federal Housing Administration (FHA) announced the county loan limits for its single-family mortgage programs for 2019 and issued a Mortgagee Letter that increases the minimum loan limit for low-price areas and the maximum loan limit for high-cost areas.

Patenaude to Leave HUD by End of Year

This morning, HUD Deputy Secretary Pamela Patenaude announced that she will be leaving the agency by the end of the calendar year.

HUD Deputy Secretary Pam Patenaude resigns

This morning the Deputy Secretary of the Department of Housing and Urban Development, Pam Patenaude announced to Secretary Ben Carson her plans to step down in the New Year.

HUD Announces New FHA Loan Limits for 2019

WASHINGTON – The Federal Housing Administration (FHA) today announced the agency's new schedule of loan limits for 2019, with most areas in the country to experience an increase in loan limits in...

Washington Report | December 14, 2018

The Executive Order on Opportunity Zones (OZs) President Trump signed this week establishes this still-evolving program as a top-tier priority for the Administration: the enormous energy and...

Florida Housing Board Approves $30 Million for Hurricane Michael Impacted Counties

Florida Housing Board of Directors unanimously approved during today’s board meeting $30 million in HOME funds targeted towards counties most impacted by Hurricane Michael.  Florida Housing staff is now authorized to proceed with the development of a RFA for HOME Program financing and authorize the Executive Director to establish a review committee for the RFA to make recommendations for award to the board in May 2019.

NCSHA Statement on the Nomination of Calabria to Head FHFA

WASHINGTON, DC — The National Council of State Housing Agencies (NCSHA) congratulates Mark Calabria on the announcement that President Trump intends to nominate him to be the next Director of the...