News
HUD Releases Latest U.S. Housing Market Conditions Report
HUD’s Office of Policy Development & Research has released the latest U.S. Housing Market Conditions report for the second quarter of 2011.
Freddie Mac Publishes August 2011 Market Report
Freddie Mac recently released its U.S. Economic and Housing Market Outlook for August 2011, which indicates that, despite the recent ups and downs in the capital markets, the likelihood of an extended period of both relatively low short- and long-term interest rates is helpful news for the housing market’s recovery as it continues to struggle.
California Halts Dismantling of Redevelopment Agencies
The California Supreme Court has issued a partial stay that halts the dismantling of the state’s redevelopment agencies. The stay is in response to a lawsuit that challenges the validity of eliminating the redevelopment agencies.
ACEEE Releases White Paper on Energy Efficiency Programs
The American Council for an Energy Efficient Economy (ACEEE) has released a white paper entitled, “Energy Efficiency Finance 101: Understanding the Marketplace.”
WHEDA Releases Section 8 Training Materials
WHEDA’s six part series on processing HUD Section 8 Contract Renewals and Rent Adjustments is now available through their website here.
Freddie Mac Releases Underwriting Training Materials
Freddie Mac recently completed a regional training initiative entitled “Customer Package Training ““ How to Improve Execution” and released the training materials for download through their website.
CARH Considers Deficit Debate’s Impact on Rural Housing
The Council for Affordable and Rural Housing (CARH) has released a detailed summary of the recent legislation signed by President Obama to increase the debt limit from $2.1 to $2.4 trillion and create a bipartisan “super committee” tasked with developing a strategy to lower the national debt by $1.5 trillion over the next 10 years.
Obama Appoints Vice Chairman of ACHP
President Barack Obama has announced his intention to appoint Dr. Clement A. Price, an eminent Rutgers University professor and historian, as Vice Chairman of the Advisory Council on Historic Preservation (ACHP).
Pennsylvania Schedules Pre-Application Meeting on September 15
Pennsylvania Housing Finance Agency will be holding an information session for its 2012 PennHOMES/Low Income Tax Credit Programs on Thursday, September 15, 2011.
HUD’s Latest Issue of Cityscape Directs its Attention to Rental Housing Policy
A new issue of Cityscape features a symposium that examines rental housing policy in the United States from a variety of forward-looking perspectives.
Kentucky Updates Underwriting Model
Kentucky Housing Corporation has updated its multifamily underwriting model for 2012. The new model is now available on KHC’s Web site, under Housing Production; Multifamily Finance; Applications, Guidelines, and Underwriting Models.
FHFA, Treasury HUD Seek Input on Disposition of Real Estate Owned Properties
The Federal Housing Finance Agency (FHFA), in consultation with the U.S. Department of the Treasury and Department of Housing and Urban Development (HUD), has announced a Request For Information (RFI), seeking input on new options for selling single-family real estate owned (REO) properties held by Fannie Mae and Freddie Mac (the Enterprises), and the Federal Housing Administration (FHA).