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New Financing to Create 975 Affordable Homes Statewide

The Washington State Housing Finance Commission approved a total of $207 million in financing for the new construction of nearly 1,000 affordable apartments in communities across the state.

FHFA Extends Comment Period for FHLB Affordable Housing Program Proposed Rule

The Federal Housing Finance Agency (FHFA) announced today that the comment period for a proposed rule that would amend the Federal Home Loan Banks’ (FHLB) Affordable Housing Program (AHP) will be extended.

Homeownership Program Eligibility Limits Increased

The North Dakota Industrial Commission has approved an increase in the eligibility limits for state programs that assist with home purchases.

Grants for Housing Initiatives Awarded to Families in Transition and Four New Hampshire NeighborWorks Organizations

Two affordable housing initiatives – one to explore a multi-organization collaboration and another to fund a housing development resource person – recently received grants from the New Hampshire Housing Finance Authority.

Treasury and IRS Request Topics for Priority Guidance Plan

The Department of the Treasury (Treasury) and Internal Revenue Service (IRS) published Notice 2018-43 soliciting public comment on recommendations for items that Treasury/IRS should include in its 2018-2019 Priority Guidance Plan. The Priority Guidance Plan identifies guidance projects that Treasury and IRS intend to work on during the period from July 1, 2018 to June 30, 2019.

House Financial Services Subcommittee Examines Rent Reform Draft

On April 25, the House Financial Services Housing & Insurance Subcommittee held a hearing on “HUD’s Role in Rental Assistance: An Oversight and Review of Legislative Proposals on Rent Reform” to discuss a draft of the Promoting Resident Opportunity through Rent Reform Act (PROTRRA) to be sponsored by Representative Dennis Ross (R-FL).

Denver Regional Council of Governments Honors Colorado Housing Preservation Network

The Colorado Housing Preservation Network received a 2018 Metro Vision Award from the Denver Regional Council of Governments (DRCOG).

THUD Subcommittee Considers FHA Programs at Hearing

On April 25, the House Appropriations Subcommittee on Transportation, Housing, and Urban Development (THUD) held a hearing with General Deputy Assistant Secretary for the Office of Housing Dana Wade, currently serving as the acting Director of the Federal Housing Administration (FHA), as President Trump’s nominee, Brian Montgomery, has yet to be confirmed. The hearing focused on the progress of FHA’s programs and how they would be impacted by HUD’s proposed Fiscal Year (FY) 2019 budget.

2018 QAP Open for Applications

LHC released a federally-mandated state plan used to allocate housing credits for the development, acquisition, and rehabilitation of affordable rental properties.

Washington Report | April 27, 2018

Preservation of existing affordable housing has been a long-running priority for the affordable housing community, for good reason. Sixty percent of rental units affordable in 1985 were lost by...

Agency Recognizes Affordable Housing Champions

North Dakota Housing Finance Agency recognized its outstanding partners as Champions of Affordable Housing at the Statewide Housing Conference.