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New LHC program to increase affordable housing in LA flood-impacted areas

The Louisiana Housing Corporation (LHC) released a Notice of Funding Availability (NOFA) for the Restore Louisiana Piggyback Program totaling more than $33 million in Community Development Block Grant-Disaster Recovery (CDBG-DR) funds to address long-term housing needs in parishes impacted by the 2016 floods.

House Financial Services Committee Reports Bill on GSE Dividends, Housing Trust Fund

Earlier today, the House Financial Services Committee passed the Jumpstart GSE Reform Act, H.R. 4560, a bill introduced by Representative French Hill (R-AR) that prohibits Fannie Mae and Freddie Mac (the GSEs) from making contributions to the Housing Trust Fund (HTF) and Capital Magnet Fund (CMF) for any year that they fail to transfer all of their profits each quarter to Treasury, as the existing preferred stock purchase agreements (PSPA) between the GSEs and Treasury require.

Congress Approves FY 2018 Continuing Resolution Funding Programs Through December 22

President Trump this afternoon signed into law a Continuing Resolution (CR, H.J. Res. 123) to keep the federal government funded through December 22. The House approved the measure yesterday by a margin of 235-193, and the Senate approved it hours later by a margin of 81-14. The previous FY 2018 CR would have expired at midnight tonight.

FHA to Stop Insuring Mortgages with PACE Assessments

The Federal Housing Administration (FHA) yesterday announced that it will no longer insure new mortgages on properties with Property Assessed Clean Energy (PACE) assessments.

Congress Approves FY 2018 Continuing Resolution Funding Programs Through December 22

The House approved the measure yesterday by a margin of 235-193, and the Senate approved it hours later by a margin of 81-14. The previous FY 2018 CR would have expired at midnight tonight.

FHA Announces Increased Single-Family Loan Limits for 2018

The Federal Housing Administration (FHA) earlier today announced the county loan limits for its single-family mortgage programs for 2018 and issued a Mortgagee Letter that increases the minimum loan limit for low-price areas and the maximum loan limit for high-cost areas.

FHFA Urges Market Participants to Prepare for Common Securitization Platform

The Federal Housing Finance Agency (FHFA) earlier this week released a report providing an update on its efforts to develop a common structure and Common Securitization Platform (CSP) for mortgage-backed securities (MBS) guaranteed and sold by the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac. The report calls on market participants to begin preparing for the transition to CSP, which FHFA says will be fully implemented in the second quarter of 2019.

MassHousing Honors Top Originators of First Mortgage Loans for Fiscal Year 2017

MassHousing has honored the top originators of first mortgage loans from 27 of the Agency's lending partners for providing MassHousing home loans for low- and moderate-income Massachusetts residents.

SDHDA Awards $9 Million for Affordable Housing in South Dakota

South Dakotans' will be seeing additional housing development and preservation across the state. South Dakota Housing Development Authority's (SDHDA) Board of Commissioners approved the award of more than $9 million in funding for housing activities.

Senate Passes Tax Reform Bill

In the early hours of the morning today, the Senate passed its tax reform legislation by a vote of 51-49, with all Democrats and Senator Bob Corker (R-TN) voting against the bill, and all other Republicans voting for it. As we expected, the final legislation retains both Private Activity Bonds and the Housing Credit.

From Playgrounds to Workforce Development, RIHousing Creates Opportunities to Transform Neighborhoods

RIHousing's Board of Commissioners today approved funding awards totaling approximately $3.8 million to revitalize neighborhoods in Providence, Woonsocket, Central Falls, and Smithfield.

Florida Housing Announces Wind Down of Three Hardest-Hit Fund Programs

Florida Housing Finance Corporation (Florida Housing) is announcing the wind down of three of its federal Florida Hardest-Hit Fund (HHF) programs, including the closing of the application portals on January 31, 2018.