Federal / Agency News
HUD & FHFA News
Secretary Scott Turner sent a letter to HUD grantees and stakeholders notifying them of HUD’s implementation of President Trump’s Executive Order, “Ending Taxpayer Subsidization of Open Borders.”
Tariffs Impact on Multifamily Housing
President Donald Trump declared a “national emergency”, announcing reciprocal tariffs for numerous foreign countries in addition to the previously announced 25 percent tariff on lumber and 50 percent tariff on steel and aluminum from Canada and Mexico.
HUD OIG Hearing Recap
The House Financial Services Committee held a hearing entitled Decades of Dysfunction: Restoring Accountability at HUD on April 8 with HUD Acting Inspector General Stephen Begg.
Senate Passes Budget Resolution, Reconciliation Process Moves Full Steam Ahead
Early Saturday morning, the Senate passed its budget resolution in a 51-48 vote.
House Reintroduces AHCIA with 117 Co-Sponsors
The House reintroduced the Affordable Housing Credit Improvement Act of 2025 (AHCIA) today to strengthen and expand LIHTC.
FHFA Rescinds Biden Era Multifamily Leasing Policies
The Federal Housing Finance Agency (FHFA) rescinded the Biden administration’s multifamily leasing policies that would have placed additional requirements on housing providers with loans from Fannie Mae or Freddie Mac.
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).