Federal / Agency News

senate-seal

Senate Banking to Hold Rural Housing Service Hearing – May 25Senate Banking to Hold Rural Housing Service Hearing – May 25

tion and Community Development of the Senate Committee on Banking, Housing and Urban Affairs will hold a hearing on May 25 at 2:30 p.m. ET entitled Examining the U.S. Department of Agriculture’s (USDA) Rural Housing Service.

HUD

HUD Expands Eviction Protection and Diversion Program with Additional $20 Million

HUD announced $20 million in new grants for its Eviction Protection Grant Program, doubling the amount originally allocated for the launch of the program in November 2021

Fannie Mae Issues $5 Million ‘Innovation Challenge’ to Help Advance Racial Equity in HousingFannie Mae Issues $5 Million ‘Innovation Challenge’ to Help Advance Racial Equity in Housing

Fannie Mae announced the launch of its 2022 Sustainable Communities Innovation Challenge (IC22), the company’s second such initiative, committing $5 million to attract innovative ideas that will help advance racial equity in housing.

senate-seal

Julia Gordon Confirmed as FHA Commissioner

On May 12, the Senate voted 50-50, with Vice President Kamala Harris (D) breaking the tie, to confirm Julia Gordon as commissioner of the Federal Housing Administration (FHA).

General News

Support the Eviction Crisis Act

The National Low Income Housing Coalition is leading a sign-on letter for the Eviction Crisis Act (S. 2182), which would create a national eviction database, and a permanent $3 billion grant program for states, local and tribal governments, to provide emergency eviction rental assistance for extremely low-income households.

Presidential Seal

White House Releases Housing Supply Action Plan

On Monday, the White House released a Housing Supply Action Plan with both legislative and administrative actions to help close the housing supply gap in five years.

congress-capitol

NH&RA Joins FSS, Retrofit Sign-on Letters

NH&RA joined a letter urging Congress to include investments to retrofit rental homes to reduce energy costs and emissions and preserve affordable housing, as well as a letter requesting $150,000,000 for the Family Self-Sufficiency (FSS) program in FY23 appropriations. The letter also requests that Congress strike language from past appropriations legislation that prohibited HUD from […]

Federal Reserve, FDIC and OCC Release Joint CRA Proposal

Last week, federal bank regulatory agencies jointly issued a proposal to strengthen and modernize regulations implementing the Community Reinvestment Act (CRA). The proposed rule has the following key elements: Expand access to credit, investment and basic banking services in low- and moderate-income (LMI) communities. Under the proposal, the agencies would evaluate bank performance across the […]

Treasury

Treasury Calls for More Housing Investments via SLFRF

Last week, Deputy Secretary of the Treasury Wally Adeyemo visited an affordable housing services center in the City of Compton in Los Angeles County where he highlighted how California is using American Rescue Plan funds to keep families in their homes and build more affordable housing. California budgeted over $7.4 billion of its State and […]

Treasury

Treasury Says Housing Credit “Should Not Be Impacted” by OECD/Global Minimum Tax Rules

A few weeks ago, NH&RA and several of our partners sent a letter to Treasury Secretary Janet Yellen urging that Community Development Finance Tools be preserved under a New Global Minimum Tax. Last week, the Assistant Secretary for Tax Policy Lily Batchelder singled out breaks for low-income housing, renewable energy and the New Markets Tax […]

Federal Housing Finance Agency

FHFA Announces Fannie Mae’s and Freddie Mac’s Duty to Serve Underserved Markets Plans for 2022-2024

The Federal Housing Finance Agency (FHFA) published the 2022-2024 Underserved Markets Plans for Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) program. 

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