Affordable Housing

FHFA: Correction and Extended Comment Period for Proposed Rule Amending FHLB Affordable Housing Program Regulation

The Federal Housing Finance Agency (FHFA) today announced that it is extending the comment period for the Agency’s proposed rule to amend the Federal Home Loan Banks’ Affordable Housing Program by 30 days.  The comment period was previously set to close on May 14, 2018, 60 days after publication in the Federal Register.  The comment…

HUD: Secretary Carson Proposes Rent Reform

Reforms to make current rent policies simpler, more transparent and predictable WASHINGTON – U.S. Housing and Urban Development (HUD) Secretary Ben Carson today unveiled a package of reforms designed to offer Public Housing Authorities (PHAs), property owners and HUD-assisted families a simpler, less invasive and more transparent set of rent structures, and places HUD’s rental…

FHFA: House Price Index Up 0.6 Percent in February 2018

U.S. house prices rose in February, up 0.6 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). The previously reported 0.8 percent increase in January was revised upward to 0.9 percent. The FHFA monthly HPI is calculated using home sales price information from mortgages…

HUD: University of Maryland Wins HUD’s Innovation in Affordable Housing Student Design and Planning Competition

The U.S. Department of Housing and Urban Development (HUD) today announced the University of Maryland, College Park as the winner of its 2018 Innovation in Affordable Housing Student Design and Planning Competition. A team of graduate students received top honors for their project, Beacon Crossing—a plan for public housing in Dover, N.H., that will provide…

HUD: VA and HUD Team Up to Help Homeless Veterans Find Permanent Homes

HUD-VASH vouchers to provide housing for 5,211 veterans WASHINGTON – In a continued effort to end veteran homelessness, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) today announced $43 million to 325 local public housing agencies (PHAs) across the country to provide a permanent home to…

Treasury Department: Community Reinvestment Act Modernization Recommendations Released

Today the U.S. Department of the Treasury released recommendations to modernize the Community Reinvestment Act (CRA). The recommendations were issued to the primary CRA regulators, the Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance Corporation.  Treasury’s objective in developing these recommendations is to better align CRA activity…

FHFA: Progress Report on the 2017 Scorecard for Fannie Mae and Freddie Mac

The Federal Housing Finance Agency (FHFA) issued a Progress Report today summarizing the 2017 activities of Fannie Mae and Freddie Mac (the Enterprises) to further FHFA’s three strategic objectives as conservator: Maintain, Reduce, and Build. The Report describes efforts taken by the Enterprises during 2017 to address factors limiting access to mortgage credit for creditworthy…

FHFA: House Price Index Up 0.8 Percent in January 2018

U.S. house prices rose in January, up 0.8 percent from the previous month, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI).  The previously reported 0.3 percent increase in December was revised upward to 0.4 percent. The FHFA monthly HPI is calculated using home sales price information from mortgages…

FEMA: Federal Funding for U.S. Virgin Islands Tops $1 Billion

ST. CROIX, Virgin Islands – The Federal Emergency Management Agency and its partners have provided more than $1 billion to households, businesses, territorial agencies and flood insurance policyholders to help them recover from hurricanes Irma and Maria. As of March 19, the funding includes: $74.8 million in Individual Assistance for individuals and households, including rental assistance,…