The Government Accountability Office (GAO) issued a new report Housing Finance: Prolonged Conservatorships of Fannie Mae and Freddie Mac Prompt Need for Reform. The report, prepared for Chairwoman of the House Committee on Financial Services Maxine Waters (D-CA) and Congressman Sean Duffy (R-WI), calls on Congress to “consider legislation for the future federal role in […]
In a Microsoft Corporate Blog, president Brad Smith and CFO Amy Hood committed $500 million in loans and grants to accelerate the construction of more affordable housing across the Seattle region across the next three years. $225 million will be invested at lower than market rate returns to inject capital to subsidize the preservation and […]
Oregon Housing and Community Service (OCHS) announced the deadline to apply for its Federal Project Based Rent Assistance Preservation Notice of Funding Availability (NOFA). Applications, with the project’s Multifamily Energy Program Incentive Reservation letter, are due by 4 pm PT on Feb. 19, 2019. Applications will be reviewed as they are received.
NH&RA member Enterprise Community Partners announced two ventures that elevate homes as essential to health and well-being with Kaiser Permanente. Kaiser Permanente invested $15 million in the Enterprise-managed Housing for Health Fund, which will preserve affordable homes in the Bay Area, and match up to $35 million in additional funds raised by Enterprise. This equity […]
Bank of America, Barings and LISC Team Up on $70 Million Investment in Affordable Housing in Charlotte
NH&RA members Bank of America Merrill Lynch and Barings partnered with Ally Financial to invest $70 million towards increasing affordable housing stock in the Charlotte, NC. The $70.75 million investment will go towards: $11 million for the newly proposed Housing Opportunity Investment Fund — a private sector fund that will oversee some of the affordable […]
Cinnaire recently announced the appointment of Chris Neary as Vice President, Policy, Research and Advocacy in the company’s Wilmington, DE office. Chris will be responsible for the development, management and execution of Cinnaire’s public policy agenda, and the coordination of Cinnaire’s actions and work on policy matters at the state and national level. Chris previously […]