Multifamily

FHFA: Multifamily Property Insurance Symposium Scheduled for March 13th

As a part of its continued efforts to foster meaningful dialogue on the growing challenges related to the availability and affordability of property insurance, the Federal Housing Finance Agency (FHFA) today announced it will host the next session in its series of property insurance symposiums on March 13, 2024. “The availability and affordability of insurance…

FHFA: 2024 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions Released

Today, the Federal Housing Finance Agency (FHFA) released the 2024 Scorecard for Fannie Mae and Freddie Mac (together, the Enterprises) and their joint venture, Common Securitization Solutions, LLC (CSS). Annually, FHFA releases a Scorecard to communicate and provide public awareness of its priorities and expectations for the Enterprises and CSS. “The annual Scorecard requires that…

Agenices Sign Joint Letter Asking Utility Companies to Make Energy and Water Usage Data Available for Multifamily Properties

Leaders at HUD, the DOE, and the EPA join forces to seek data that will facilitate green upgrades to the nation’s housing stock Today, the leaders of the U.S. Department of Housing and Urban Development (HUD), U.S. Department of Energy (DOE), and U.S. Environmental Protection Agency (EPA) announced a joint letter asking for the nation’s…

HUD: ConnectHomeUSA Initiative Expanded, Closing the Digital Gap for Families

ConnectHomeUSA seeks to support additional HUD assisted communities in getting affordable internet access The U.S. Department of Housing and Urban Development (HUD) is announcing the opening of a new round of applications for the expansion of the ConnectHomeUSA (CHUSA) initiative so that more HUD-assisted families have access to affordable internet. CHUSA is HUD’s signature digital…

HUD: $40 Million Funding Opportunity Announced to Expand Support Services for Seniors and Persons with Disabilities

Funding provides service coordinator staff that connect residents in affordable multifamily homes with vital resources The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced today that $40 million in funding is available to expand the supply of service coordinators who support seniors and persons with disabilities living in affordable…

HUD: Free Energy and Water Benchmarking Service Launched for HUD-Assisted Multifamily Properties

New service funded under the Inflation Reduction Act furthers President Biden’s Investing in America agenda and promotes green investments in rental homes for low-income families The U.S. Department of Housing and Urban Development (HUD) today makes its Energy and Water Benchmarking Service available for properties participating in its Multifamily project-based rental assistance programs. This new, free service…

HUD: Proposed “30-Day Notice” Rule for Nonpayment of Rent Announced

Proposed rule would provide residents of public housing or in properties receiving project-based rental assistance 30 days notice to cure lease violations for nonpayment of rent The U.S. Department of Housing and Urban Development (HUD) will publish a Notice of Proposed Rulemaking in the Federal Register on Friday, December 1. If finalized, the rule would…

FHFA: 2024 Multifamily Loan Purchase Caps Announced for Fannie Mae and Freddie Mac

The Federal Housing Finance Agency (FHFA) announced today that the 2024 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be $70 billion for each Enterprise, for a combined total of $140 billion to support the multifamily market.  To ensure a strong focus on affordable housing and underserved markets, FHFA will…

HUD: $212 Million Funding Opportunity Announced to Expand Affordable Housing Options for Persons with Disabilities

Funding provides capital to produce new or rehabilitate existing housing along with project rental assistance to support very-low and extremely low income-persons with disabilities The U.S. Department of Housing and Urban Development’s Office of Multifamily Housing announced today that $212 million in funding is available to expand the supply of affordable housing and supportive services…

HUD: $160.1 Million in Grants Awarded to Create and Preserve Affordable Housing for Low-Income Seniors

Funding supports the creation and rehabilitation of affordable multifamily rental housing and project-based rental assistance to help provide independent living options for low-income seniors The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs announced today that it has awarded $160.1 million in grants to non-profit organizations across the country to…