FHFA: Final Rule Announced Amending the Enterprise Duty to Serve Underserved Markets Regulation
Enterprise activities in all colonia census tracts are eligible for Duty to Serve credit The Federal Housing Finance Agency (FHFA) today published a final rule to amend the Enterprise Duty to Serve Underserved Markets regulation. The final rule allows Fannie Mae and Freddie Mac’s (together, the Enterprises) activities in all colonia census tracts to be…
HUD: $98 Million Awarded in Choice Neighborhoods Implementation Grants and New $10 Million Funding Opportunity Opened for Local Planning Efforts
HUD’s Signature Place-Based Program Continues to Invest in “Housing, People, and Neighborhoods” Nationwide U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge today announced “Supplemental Grant” awards for Choice NeighborhoodsImplementation Grantees totaling more than $98 million. In addition, HUD is opening a notice of funding opportunity (NOFO) for $10 million to support local planning…
HUD: Action Taken to Highlight and Research Land Use and Zoning Reforms
Today, the U.S. Department of Housing and Urban Development (HUD) released a new publication that summarizes the effects of restrictive land use policies on housing supply, location and affordability in addition to highlighting reforms that state and local governments can adopt to increase the supply of housing. This land use and zoning-focused brief is the…
FHFA: Updated Equitable Housing Finance Plans for Fannie Mae and Freddie Mac Announced
Agency also releases updated Enterprise fair lending data The Federal Housing Finance Agency (FHFA) today announced updates to Fannie Mae and Freddie Mac’s (the Enterprises) Equitable Housing Finance Plans for 2023. The updates build upon the inaugural plans first announced last year and make adjustments based on initial research and findings. The Equitable Housing Finance…
HUD: Waivers Announced to Help Mississippi Communities Recover from Storms and Tornadoes
Announcement Represents Collections of Regulatory and Administrative Waivers Issued by HUD at One Time Secretary Fudge: Waivers “Build on HUD’s Continued Post-Disaster Efforts and Unprecedented Aid from the Biden-Harris Administration” The U.S. Department of Housing and Urban Development (HUD) today announced a package of 29 regulatory and administrative waivers aimed at helping communities in Mississippi accelerate their…
CDFI Fund: FY 2023 Bank Enterprise Award Program Funding Round Opens
Today, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2023 funding round for the Bank Enterprise Award Program (BEA Program). Application materials are now available on the BEA Program page of the CDFI Fund’s websitein anticipation of the publication of the FY 2023 Notice of Funds…
HUD: Assistance Announced for Mississippi in Wake of Tornadoes
The U.S. Department of Housing and Urban Development (HUD) today announced the implementation of federal disaster relief for the state of Mississippi to assist state, tribal, and local recovery efforts for areas affected by severe storms, straight-line winds, and tornadoes beginning March 24 to March 25, 2023. On March 26, 2023, President Biden issued a major disaster…
HUD: Process Begins to Strengthen Standards for Conditions in HUD Assisted and Insured Housing
Public comment on proposed scoring methodology for inspections now open for the first time in 20+ years as part of system-wide overhaul Today, the U.S. Department of Housing and Urban Development (HUD) published the proposed scoring notice for the National Standards for the Physical Inspection of Real Estate (NSPIRE) in the Federal Register. This updated scoring notice,…
HUD: Updated Guidance Published for Section 8 Project-Based Rental Assistance Contract Renewals
Section 8 Renewal Guidebook provides updated policies and processes for rent comparability studies required as part of Section 8 Housing Assistance Payment Contract renewals. The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced today newly updated guidance for owners of properties participating in its Section 8 Project-Based Rental Assistance (PBRA) program….