HUD: Rental Assistance Demonstration Conversion Closed with Miami-Dade County Public Housing & Community Development
$34.5 million construction investment transaction to renovate senior community of 240 homes at Haley Sofge is part of a five-project redevelopment, preserving and developing 1,055 units of affordable rental homes The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing on June 30, 2022 closed a Rental Assistance Demonstration (RAD) transaction with…
FHFA: House Price Index Up 1.6 Percent in April 2022; Up 18.8 Percent from Last Year
House prices rose nationwide in April, up 1.6 percent from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA HPI®). House prices rose 18.8 percent from April 2021 to April 2022. The previously reported 1.5 percent price change for March 2022 was revised upward to 1.6 percent. For the nine census divisions, seasonally…
HUD: Over $22 Million Invested for Native Hawaiian Housing
The U.S. Department of Housing and Urban Development on Wednesday announced $22.3 million in Native Hawaiian Housing Block Grant (NHHBG) funding to support the Department of Hawaiian Home Lands (DHHL). This funding will support the housing needs of low-income Native Hawaiian families. “The State of Hawaii has the highest median home prices in the nation,…
FHFA: Sandra L. Thompson Sworn in as Director of the Federal Housing Finance Agency
In an Agency ceremony, Sandra L. Thompson was sworn in today to a five-year term as the third Senate-confirmed Director of the Federal Housing Finance Agency (FHFA). Thompson was appointed to head the Agency by President Joe Biden. FHFA, created by the Housing and Economic Recovery Act of 2008, is the regulator and conservator of Fannie Mae…
CDFI Fund: $336.4 Million in Capital Magnet Fund Awards Announced to Support Affordable Housing
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 59 organizations $336.4 million today for the development of affordable housing and community facilities serving low-income individuals, families, and communities. These awards were made through the fiscal year (FY) 2021 round of the Capital Magnet Fund, and will support financing for…
HUD: $16 Million Rental Assistance Demonstration Conversion Transaction Closed with the Columbus Metropolitan Housing Authority
CMHA will use RAD to preserve 142 affordable rental homes and develop 8 new affordable rental homes at Post Oak Station II The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing on Tuesday announced that it has closed a Rental Assistance Demonstration (RAD) transaction with the Columbus Metropolitan Housing Authority (CMHA) in…
ABA: New Infographic with Tips for Prospective Home Buyers Released
In recognition of American Housing Month, the American Bankers Association Foundation today released an infographic outlining five tips for how home buyers can overcome challenging market conditions and make their dream of homeownership a reality. The infographic acknowledges that limited housing inventory, supply chain disruptions that have delayed new home construction, rising interest rates and the increased…
FHFA: Inaugural Mission Report for 2021 Issued on Economic Development and Affordable Housing Efforts
Inaugural report highlights regulated entities’ progress in supporting greater access to financing for targeted economic development and affordable, sustainable, and equitable housing The Federal Housing Finance Agency (FHFA) today released its inaugural Mission Report that describes the activities of Fannie Mae and Freddie Mac (the Enterprises) and the Federal Home Loan Banks (FHLBanks) in 2021…
HUD: “Our Way Home” Initiative Launched to Increase Affordable Housing Supply in Local Communities
Secretary Fudge, HUD Regional Administrators to lead a Department-wide Day of Action for Our Way Home Campaign Launch U.S. Housing and Urban Development Secretary Marcia L. Fudge on Wednesday launched the Our Way Home initiative, a new effort to boost the nation’s affordable housing supply. Our Way Home builds on the Biden-Harris Administration’s actions to address communities’ housing supply…
HUD: 20th Anniversary of National Homeownership Month Commemorated
President Biden issues Proclamation marking June as National Homeownership Month The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) mark June as National Homeownership Month following President Biden’s proclamation issued on Tuesday. This year’s Homeownership Month celebrates the 20th year of this opportunity to amplify the benefits of homeownership and…