Newsroom
Fannie Mae Study Demonstrates Strong Performance of HFA Homeownership Loans
Single-family loans originated through state HFA programs perform substantially better than similar loans to low- and moderate-income (LMI) borrowers, according to a working paper published last week by Fannie Mae.
Iowa Finance Authority Announces Launch of Iowa Profile on Demographics, Economic and Housing
The Iowa Finance Authority today announced the launch of the Iowa Profile, a centralized and interactive collection of demographic, economic and housing data, which is a first of its kind resource for the State of Iowa.
Bill Passes to Extend Colorado Affordable Rental Housing Tax Credit Program
Colorado Housing and Finance Authority (CHFA) announced today the passing of SB 18-007, which extends Colorado’s Affordable Housing Tax Credit (state AHTC) program through 2024. CHFA is the allocating agency for state and federal Affordable Housing Tax Credit in Colorado.
Statement from NCSHA Executive Director Stockton Williams on the Hardest Hit Fund Program
WASHINGTON, DC — The Hardest Hit Fund (HHF) program was established in the wake of the Great Recession to assist struggling homeowners and communities in states disproportionately impacted by...
Joint Economic Committee hearing on the “Promise of Opportunity Zones”
On May 17, the congressional Joint Economic Committee (JEC) held a hearing to consider the potential positive impacts that Opportunity Zones tax incentives, enacted in the Tax Cuts and Jobs Act of 2017, could have for low-income communities.
House Financial Services Subcommittee Examines the State of Homelessness in America
On May 17, the House Financial Services Subcommittee on Housing and Insurance held a hearing titled, “An Overview of Homelessness in America,” to examine homelessness and federal, state, and local efforts to reduce it.
Washington Report | May 18, 2018
Representatives of HFAs active with Fannie Mae and Freddie Mac were in Washington this week discussing key business issues and new opportunities with these longtime and increasingly important...
Representatives Duffy and Cleaver Introduce Voucher Mobility Demonstration Bill
On May 16, House Financial Services Housing and Insurance Subcommittee Chairman Sean Duffy (R-WI) and Ranking Member Emanuel Cleaver (D-MO) introduced the Housing Choice Voucher Mobility Demonstration Act of 2018, HR 5793.
After Increases in FY 2018, House Subcommittee Flat-Funds Most HUD Programs and Cuts HOME in FY 2019
On May 16, the House Appropriations Subcommittee on Transportation, Housing, and Urban Development (THUD) approved its Fiscal Year (FY) 2019 funding bill, which provides $43.6 billion in total net discretionary spending for HUD programs, $941 million more than the FY 2018 enacted level and $11.9 billion more than the Administration’s FY 2019 budget request.
Gov. Walker Signs State Tax Credit Legislation Into Law
Wisconsin Governor Scott Walker signed Act 176 into law establishing a Wisconsin housing tax credit program. The new state program provides a tax incentive for private investment in the development or rehabilitation of affordable rental housing.
Administration Nominates Michael Bright to be Ginnie Mae President
On May 15, the Trump Administration announced its nomination of Michael Bright to serve as the President of the Government National Mortgage Association (Ginnie Mae).
CohnReznick Examines Housing Credit Property Performance
A recent study issued by CohnReznick found Low Income Housing Tax Credit (Housing Credit) properties to be operating better than in any other period during the program’s history.
