Federal / Agency News

HUD

FHA Temporarily Implements Direct-to-Firm Commitment Process

HUD’s Office of Production issued temporary, three-month guidance implementing a procedural change to its underwriting queue to improve process efficiency.

HUD

RAD End of Year Closing Deadlines RAD End of Year Closing Deadlines

HUD’s Office of Recapitalization recently released timelines for year-end closings of Rental Assistance Demonstration (RAD) transactions.

HUD

HUD Launches Our Way Home Initiative

Today, Secretary Marcia Fudge launched Our Way Home, a HUD-led effort to address the nation’s housing supply challenges.

HUD

HUD Publishes Section 8 2022 Renewal Funding Inflation Factors for PHAs

HUD’s recent Federal Register Notice announced the release of 2022 Renewal Funding Inflation Factors (RFIFs) used for allocating Housing Choice Vouchers funds to PHAs. 

Treasury

Bipartisan Group of Lawmakers Call for Expedited Final Rule on Income Averaging

Last week, a bipartisan group of lawmakers sent a letter to the Department of Treasury and Internal Revenue Service urging the expedited release of a final rule on income averaging under the LIHTC program.

HUD

HUD Releases Civil Rights Guidance on Marketing and Application Requirements for Subsidized Multifamily Properties

Two new guidance pieces from HUD clarify how certain marketing, rental application processing and waitlist management practices can perpetuate segregation or otherwise discriminate in violation of Title VI of the Civil Rights Act.

Federal Housing Finance Agency

Sandra Thompson Confirmed as FHFA Director

Last week the Senate voted 49-46 to confirm Sandra Thompson as director of the Federal Housing Finance Agency (FHFA).

USDA Rural Development

USDA Releases Housing Preservation Grants RFA

The U.S. Department of Agriculture (USDA) released the Fiscal Year 2022 Request for Applications (RFA) for its Section 533 Housing Preservation Grant, which funds the repair or rehabilitation of housing owned or occupied by low- and very-low-income rural citizens.

senate-seal

Senate Banking to Hold Rural Housing Service Hearing

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.

[Page 2 of 121 ]