Federal / Agency News
Nomination Hearing for Assistant Secretary of the Treasury, Luke Petit
The Senate Banking Housing and Urban Affairs Committee held a nomination hearing to confirm Luke Petit as assistant secretary of Financial Institutions at the Treasury.
HUD’s New Website
HUD launched a new website, which “features about a 90 percent reduction in content from the previous website.”
AHCIA Reintroduction, Action Needed on Co-Sponsors
The ACTION Campaign hosted a LIHTC briefing and reception to build support for the Affordable Housing Credit Improvement Act (AHCIA).
Trump Admin Pulls 2023 CRA Regs
The federal bank regulatory agencies (FDIC, Federal Reserve Board, and OCC) announced their intent to rescind the Community Reinvestment Act (CRA) final rule issued in October 2023.
HUD Streamlines Disaster Recovery Funding
HUD published an updated Community Development Block Grant – Disaster Recovery (CDBG-DR) Universal Notice, streamlining delivery of critical funding for communities impacted by natural disasters.
HUD, DHS Announce Partnership to Prioritize Housing Programs for American Citizens
Secretary Scott Turner (HUD) and Secretary Kristi Noem (Department of Homeland Security) signed an interagency Memoranda of Understanding, “American Housing Programs for American Citizens,” to provide a full-time HUD staff member at the Incident Command Center (ICC).
Andrew Hughes Nominated for Deputy Secretary at HUD
President Trump’s nominee for Deputy Secretary of HUD, Andrew Hughes, is a Former Secretary Ben Carson loyalist.
Senators Defend CDFI Fund Against Proposed Administration Cuts
Twenty-three members of the Senate CDFI Caucus, signed a letter to Treasury Secretary Scott Bessent to reaffirm their bipartisan support for the Community Development Financial Institutions (CDFI) Fund.
Director Pulte Reshapes FHFA, GSEs
Since his confirmation as director of the Federal Housing Finance Agency (FHFA), Bill Pulte has made sweeping changes.
The Gap: A Shortage of Affordable Homes White Paper Released
The National Low Income Housing Coalition (NLIHC) released its annual report, The Gap: A Shortage of Affordable Homes.
Senate Tackles Housing Affordability Crisis
The Senate Committee on Banking, Housing and Urban Affairs held a hearing titled “Housing Roadblocks: Paving a New Way to Address Affordability” to examine challenges and potential solutions related to housing affordability in the U.S.
EPA Officially Terminates GGRF Grants
EPA Administrator Lee Zeldin officially notified National Clean Investment Fund (NCIF) and Clean Communities Investment Accelerator (CCIA) recipients that their grants were terminated.