Federal / Agency News
Submit Property Examples to AHTCC’s Housing Credit Property Gallery
The Affordable Housing Tax Credit Coalition is soliciting properties for its Housing Credit property gallery.
Housing Finance Agencies Take Extraordinary Steps to Save Affordable Developments
A new report from the National Council of State Housing Agencies examines the actions taken by housing finance agencies to ensure that affordable housing projects proceed.
The Financial Health of Community-Based Development Organizations
A new report from the National Alliance of Community Economic Development Associations (NACEDA) and Urban Institute examines the financial health of the CBDO sector to assess vulnerabilities and risk.
FY 2022 CDFI Equitable Recovery Program Applications Due September 22
As a reminder for fiscal year (FY) 2022 CDFI Equitable Recovery Program (CDFI ERP) applicants, the deadline for online submission of the application through the CDFI Fund’s Awards Management Information System (AMIS) is Sept. 22, 2022 at 11:59 PM ET.
HUD Publishes FY 2023 FMRs with Ten Percent Average National Increase
Nationally, HUD’s Fiscal Year 2023 Fair Market Rents (FMRs) will increase by an average of approximately ten percent.
HUD Increases Frequency of the Distribution of Surplus Cash for Non-Assisted HUD Insured Properties
In Mortgagee Letter 2022-16, HUD outlined the dramatic increase in surplus cash distributions.
FHFA Undertakes Comprehensive Review of the FHLBank System
The Federal Housing Finance Agency (FHFA) announced it will conduct a comprehensive review of the Federal Home Loan Bank (FHLBank) System beginning in the fall of 2022.
USDA RD Publishes FY 2023 Management Fees
The U.S. Department of Agriculture’s Rural Development (RD) published Procedural Notice (PN) 567 announcing final management fees for Fiscal Year (FY) 2023.
HFA Publishes New Multifamily Affordable Housing Goals for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) recently proposed multifamily affordable housing goals for Fannie Mae and Freddie Mac for 2023 and 2024.
Strategies for Achieving Zero Energy in Multifamily Buildings Webinar – Sept. 13
The American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) recently published an Advanced Energy Design Guide (AEDG) for Multifamily Buildings, developed with support from the Department of Energy (DOE) and aimed at assisting multifamily building owners and operators, design professionals and developers in achieving zero energy buildings.
RD Issues Letter on Reserve Deposit Resizing
Rural Development (RD) recently published an Unnumbered Letter (UL) entitled, “Section 515 and Section 514 Multi-Family Housing Reserve Deposit Resizing.”
HUD, USICH, State and Local Leaders Partner on House America
House America: An All-Hands-on-Deck Effort to Address the Nation’s Homelessness Crisis is a federal initiative in which the HUD and the U.S. Interagency Council on Homelessness (USICH) are inviting mayors, city and county leaders, tribal nation leaders, and governors into a national partnership. House America will utilize the funds provided through the American Rescue Plan to address the crisis of homelessness through a Housing First approach.