Newsroom
FHFA 2018 Scorecards Calls for GSEs to Explore HFA Partnerships
Shortly before the end of 2017, the Federal Housing Finance Agency (FHFA) released its 2018 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 finalized in 2014. FHFA recently proposed an amended Strategic Plan for Fiscal Years 2018-2022, which has not yet been finalized.
NCSHA Releases New Recommended Practices in Housing Credit Administration
Last week, NCSHA issued the Task Force on Recommended Practices in Housing Credit Administration’s (Task Force) final report, which significantly strengthens many of the organization’s previous Housing Credit recommended practices and adds 13 important new practices. NCSHA’s Board of Directors approved the report at its December 2017 meeting.
North Dakota HFA Board Members Appointed
The North Dakota Industrial Commission made three new appointments to North Dakota Housing Finance Agency’s citizen advisory board in December.
NCSHA Releases Updated Recommended Practices for Housing Credit Program Administration
The National Council of State Housing Agencies (NCSHA) has published updated recommended practices for state Housing Finance Agency (HFA) administration of the Low Income Housing Tax Credit (Housing Credit) program.
NCSHA Names Rieman as Interim Executive Director
The National Council of State Housing Agencies (NCSHA) Board of Directors has named Garth Rieman interim executive director of the association, effective January 1, 2018.
Vermont HFA Introduces Sustainability Bonds to Deliver More Affordable Housing to Vermonters In Need
The Vermont Housing Finance Agency (VHFA) Board of Commissioners approved plans to sell $37 million of bonds during the week of January 8, 2018 as the first Sustainability Bonds to be issued in the State of Vermont.
PA Governor Wolf Announced Tax Credits to Revitalize ‘Mill 19’ – Site of Former Steel Mill in Hazelwood
Governor Tom Wolf announced that Commonwealth Cornerstone Group (CCG) has completed a $15 million New Markets Tax Credit (NMTC) financing transaction that will support the adaptive reuse and redevelopment of ''Mill 19,'' a riverfront brownfield site that is part of the planned Hazelwood Green project in Pittsburgh's Hazelwood community.
DCHFA Financing Preserves Affordable Housing in Chinatown
The District of Columbia Housing Finance Agency (DCHFA) issued $39 million in bond financing for the preservation of Wah Luck House Apartments (800 6th Street NW).
President Signs Tax Reform Bill; Congress Passes New CR
This morning, President Trump signed into law the Tax Cuts and Jobs Act tax reform legislation, which preserves both the Low Income Housing Tax Credit and private activity Housing Bonds.
Final GSE Duty to Serve Plans Include Increased Housing Credit Investments; Collaborations with HFAs
The government-sponsored enterprises Fannie Mae and Freddie Mac (the GSEs) earlier this week released their final Underserved Market Plans (the Plans) for years 2018-2020. The Plans outline how each firm intends to fulfill their obligations under the Federal Housing Finance Agency’s (FHFA) Enterprise Duty to Serve rule. Both Plans include GSE commitments to make Housing Credit investments in underserved areas and to partner with HFAs to fulfill the GSEs’ Duty to Serve obligations.
Home Buying Boosted for 8,000 Low-Wealth North Carolinians; NC HFA Generates $1 Billion in Mortgage Activity
More than 8,000 North Carolina families celebrated in new homes this holiday season thanks to $1 billion in mortgage activity from the North Carolina Housing Finance Agency.
Social Media Users Help CHFA Donate $4,043 to Sweet Dream in a Bag
Colorado Housing and Finance Authority (CHFA) was pleased to donate $4,043 to Sweet Dream in a Bag, a local nonprofit that comforts children in poverty with gifts of brand-new bedding.
