News
Kansas City Unions Propose Pension-Funded Affordable Housing Developments
The Western Missouri and Kansas Laborers-Employers Cooperation and Education Trust (Mo-Kan LECET) is exploring a plan to support affordable housing development in Kansas City by using a coalition of union pension funds to close the gap on underfunded projects. Is there precedence? The proposed pension investment approach has been used across the country to great […]
FHFA Director Bill Pulte Named Acting Director of National Intelligence
President Donald Trump named Bill Pulte, Director of the Federal Housing Finance Agency (FHFA), as Acting Director of National Intelligence on Tuesday, June 2. What They’re Saying: The move draws condemnation from Democrats and Republicans alike: In Context: Pulte’s nomiation has the potential to threaten passage of bipartisan efforts to reform and reauthorize Section 702 […]
Senators Shaheen & McCormick Push HUD for BABA Reforms
Senators Jeanne Shaheen (D-NH) and Dave McCormick (R-PA) sent a bipartisan letter to Secretary Turner urging HUD to make commonsense reforms to the BABA process that will support the new construction and preservation of affordable housing across America. The Senators note that the current BABA waiver system for products that are not produced in sufficient […]
House Passes FY 2027 USDA Funding Bill
The House narrowly passed the FY 2027 Agriculture, Rural Development, FDA, and Related Agencies Appropriations Act (H.R. 8646), by a 213–210 vote. Nearly all Democrats and five Republicans opposed the measure. By the Numbers: While overall USDA funding would decline slightly under the bill, key Rural Housing Service (RHS) multifamily housing programs would largely maintain […]
House Appropriations Committee Advances FY 2027 T-HUD Funding Bill
The House Appropriations Committee approved the Fiscal Year 2027 Transportation, Housing and Urban Development, and Related Agencies (T-HUD) Appropriations Act on June 3 in a marathon session by a vote of 34 to 27, divided along party lines. Go Deeper: The committee approved five minor amendments to the bill, but failed to pass an amendment […]
New Hampshire Housing Publishes Requirements for Identity of Interest Waivers
The New Hampshire Housing rule prohibiting construction contracts between parties sharing an identity of interest may be waived by the Executive Director in their discretion pursuant to HFA 117.07(a)(1) A. viii). Waiver requests shall be submitted pursuant to HFA 117 (Waiver Rules) and the HFA 117 Waiver Requests Procedure Standards policy. NH Housing now has underwriting policy guidance about the documentation needed to request […]
HUD Releases Updated GRRP Closing Documents
HUD’s Office of Multifamily Housing Programs released 25 revised versions of the GRRP closing documents that incorporate changes made in Housing Notice 2026-01, including new documents for the Comprehensive cohort. List of Revised GRRP Closing Documents: Upcoming Important Dates: Please contact [email protected] with any questions.
Vermont Housing Finance Authority Awards $28 Million in Tax Credits for 241 Affordable Apartments
The Vermont Housing Finance Agency (VHFA) Board of Commissioners awarded $28 million in LIHTC funding for 241 apartments. These homes will serve low-income renters in seven communities across the state. Three projects will receive $26 million for paying development costs: Four additional development projects will receive an estimated $1.9 million from a state rental tax credit […]
Kentucky Housing Corporation Launches Payment in Lieu of Taxes Program
Kentucky Housing Corporation (KHC) is launching a Payment In Lieu of Taxes (PILOT) Program beginning January 1, 2027. This new initiative is designed to support the development of residential multifamily housing in Kentucky by reducing property tax burdens for eligible developments. Through this program, KHC may acquire property for residential development, lease it to eligible […]
Iowa Finance Authority Awards $11.3 Million in Federal Housing Tax Credits
The Iowa Finance Authority (IFA) Board of Directors awarded more than $11.3 million in federal housing tax credits to support the construction and rehabilitation of 338 affordable rental homes across nine Iowa communities. The awards will support rental housing developments in Council Bluffs, Des Moines, Greenfield, Ottumwa, Perry, Sioux City, Story City, Urbandale, and Washington. […]
Virginia Housing Appoints Nate Shultz as Board Member
Virginia Housing announced Nathan (Nate) Shultz of Alexandria has been named a new board member for the Virginia Housing Board of Commissioners. Shultz is a housing and mortgage finance policy expert and practitioner. In his current role at Potomac Partners LLC, he provides consulting services to a broad array of housing, mortgage finance and policy […]
State of Maryland Announces $73.3 Million in Awards for Statewide Community Revitalization and Economic Development
Maryland Department of Housing and Community Development announced the finalization of $73.3 million in Fiscal Year 2027 awards to support the Department’s six State Revitalization Programs. The investment in county and municipal governments, community development organizations, and other community institutions and partners will fund 247 projects and activities that directly support local revitalization goals in […]