News
Fannie Mae Leadership Changes
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.
Advisory Council on Historic Preservation Quarterly Business Meeting—April 4
The Advisory Council on Historic Preservation (ACHP)will hold its quarterly business meeting on April 4 at 8:30 am EDT in the Russell Senate Office, room 325.
Upcoming Housing Related HFSC Hearings
The House Financial Services Committee will hold several upcoming hearings related to housing. Witnesses for the committee hearings are required to be published three days prior to event, excluding holidays and weekends. All hearings and markups will take place in 2128 Rayburn House Office Building and will be broadcast live.
Facebook Overhauls Ads Following Legal Settlement
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.
GAO Disaster Recovery Report: Better Monitoring of Block Grant Funds Is Needed
The Government Accountability Office (GAO) released a report on HUD’s Community Development Block Grant Disaster Recovery. GAO found that HUD does not have the review guidance and monitoring plans it needs for good grantee oversight.
GAO REAC Report: HUD Should Improve Physical Inspection Process and Oversight of Inspectors
The Government Accountability Office (GAO) released a report on HUD’s Real Estate Assessment Center (REAC) with 14 recommendations to improve the inspection process.
$1 Billion Capital Regional Housing Challenge
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.
President Trump Signs Memo on Housing Finance Reform
President Trump signed a memorandum that directs HUD and Treasury to draft administrative and legislative options for housing finance reform to be submitted to the President for approval as soon as practicable. HUD will prepare a reform plan for the housing finance agencies it oversees, and Treasury will prepare a reform plan for Fannie Mae […]
Donald Layton to Retire as CEO of Freddie Mac; David Brickman Named as Successor
Freddie Mac announced that Donald Layton will retire as Chief Executive Officer (CEO) and that the Board of Directors has appointed David Brickman to succeed him effective Monday, July 1. Mr. Brickman will become a member of the Freddie Mac Board of Directors at that time.
Mayor Bowser Releases 2020 D.C. Budget With More Money for Housing
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 […]
Colorado Legislature Considers Doubling State Affordable Housing Tax Credit
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.
Sec. Carson Tours Miami Opportunity Zone
Secretary Carson recently traveled to Miami to tour Tuscany Village Housing Complex, an apartment community located in an Opportunity Zone. Tuscany Village Housing Complex was recently built to provide affordable housing for low-income, elderly families in the neighborhood. This Miami community is just one of 427 Opportunity Zones which were designated by the Florida Governor […]