News
Twin Cities Metropolitan Council Approves Local Housing Incentives Account Funding
The Metropolitan Council of the Twin Cities announced a total of $3.5 million was approved for the Local Housing Incentives Account (LHIA).
Julia Gordon Sworn in as FHA Commissioner
HUD Secretary Marcia
Senate Banking to Hold Rural Housing Service Hearing – May 25Senate Banking to Hold Rural Housing Service Hearing – May 25
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 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.
White House Releases Housing Supply Action Plan
On Monday, the White House released a Housing Supply Action Plan with both legislative and administrative actions to help close the housing supply gap in five years.
Julia Gordon Confirmed as FHA Commissioner
On May 12, the Senate voted 50-50, with Vice President Kamala Harris (D) breaking the tie, to confirm Julia Gordon as commissioner of the Federal Housing Administration (FHA).
Support the Eviction Crisis Act
The National Low Income Housing Coalition is leading a sign-on letter for the Eviction Crisis Act (S. 2182), which would create a national eviction database, and a permanent $3 billion grant program for states, local and tribal governments, to provide emergency eviction rental assistance for extremely low-income households.
NH&RA Joins FSS, Retrofit Sign-on Letters
NH&RA joined a letter urging Congress to include investments to retrofit rental homes to reduce energy costs and emissions and preserve affordable housing, as well as a letter requesting $150,000,000 for the Family Self-Sufficiency (FSS) program in FY23 appropriations. The letter also requests that Congress strike language from past appropriations legislation that prohibited HUD from […]
Federal Reserve, FDIC and OCC Release Joint CRA Proposal
Last week, federal bank regulatory agencies jointly issued a proposal to strengthen and modernize regulations implementing the Community Reinvestment Act (CRA). The proposed rule has the following key elements: Expand access to credit, investment and basic banking services in low- and moderate-income (LMI) communities. Under the proposal, the agencies would evaluate bank performance across the […]
Treasury Calls for More Housing Investments via SLFRF
Last week, Deputy Secretary of the Treasury Wally Adeyemo visited an affordable housing services center in the City of Compton in Los Angeles County where he highlighted how California is using American Rescue Plan funds to keep families in their homes and build more affordable housing. California budgeted over $7.4 billion of its State and […]
Treasury Says Housing Credit “Should Not Be Impacted” by OECD/Global Minimum Tax Rules
A few weeks ago, NH&RA and several of our partners sent a letter to Treasury Secretary Janet Yellen urging that Community Development Finance Tools be preserved under a New Global Minimum Tax. Last week, the Assistant Secretary for Tax Policy Lily Batchelder singled out breaks for low-income housing, renewable energy and the New Markets Tax […]