General News

The California Department of Housing and Community Development (HCD) announced awards totaling $302 million from the No Place Like Home program. HCD also announced awards totaling $11 million from the federal Emergency Solutions Grants (ESG) program.

Nashville Mayor David Briley unveiled his 10-year housing plan, Under One Roof 2029. The initiative aims to create at least 10,000 new units by investing $750 million over the next 10 years in affordable housing in Nashville, with $500 million of that coming from the city.

The Seattle City Council unanimously passed Mandatory Housing Affordability (MHA) upzones that allow higher density and impose affordable housing requirements on more than two dozen neighborhoods. This action upzones 27 neighborhood hubs, requiring developers in those areas to set aside 5 to 11 percent of their developments as affordable units or pay $5 to $32.75 per square foot in fees.

A Multifamily in Focus research paper released by Freddie Mac shows that the Opportunity Zones tax incentives will likely lead to a significant influx of capital to multifamily investments in Opportunity Zones. The research paper compares a hypothetical investment under the tax structures offered by both traditional and Opportunity Fund circumstances.

Fannie Mae announced that it appointed Hugh Frater as Chief Executive Officer effective March 26. Fannie Mae also announced that it appointed Stergios Theologides as executive vice president, general counsel and corporate secretary effective March 28.

Facebook announced changes to how it manages housing, employment and credit ads as a result of legal settlement agreements with the National Fair Housing Alliance, the American Civil Liberties Union and the Communication Workers of America.

The Housing Leaders Group of Greater Washington launched a $1 billion Capital Regional Housing Challenge, that encourages the D.C. region’s public and private sectors to each add $500 million in affordable housing investments above their current baseline by the end of 2020.

In Mayor Muriel Bower’s State of the District Address, she announced an additional $55 in spending in programs to create or preserve affordable housing. “We are very focused on housing,” Bowser told the council during a budget presentation. “What we heard from residents across the city is that is the most significant pinch point.” The […]

The Colorado state legislature is considering HB19-1228, which would increase the amount of state Affordable Housing Tax Credits from $5 million to $10 million, at the March 21 meeting of the House Finance Committee. The bill  is sponsored by State Representative Shannon Bird, Representative Brianna Titone, Senator Jack Tate and Senator Rachel Zenzinger.

The National Low Income Housing Coalition released its annual report, The Gap: A Shortage of Affordable Homes. Their analysis found that nationwide, there are only 37 affordable and available rental homes exist for every 100 extremely low-income renter households. Among states, the supply of affordable and available rental homes ranges from only 19 for every […]

FOR IMMEDIATE RELEASE Press Contact: Thom Amdur, President National Housing & Rehabilitation Association 202-939-1753 or [email protected] March 6–The National Housing & Rehabilitation Association is proud to announce that its Board of Directors elected Robert Fein, Principal and Chief Operating Officer for Red Stone Equity Partners, as its Chair and named Thom Amdur as the organization’s […]

In honor of its 50th anniversary, the Urban Institute launched the first in its Catalyst series of products that will be released over the next few months as part of the Next50 initiative. The inaugural Catalyst focuses on affordable housing and provides an overview of four promising solutions to the housing crisis being pursued in communities around the country: produce more housing, more cheaply; preserve affordable housing and neighborhoods; expand housing assistance; and widen homeownership options.