Fannie Mae
NH&RA Hosts ICAST IRA & BIL Instant Benefit Estimate Calculator
ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.
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.
FHFA Announces More than $1.1 Billion for Affordable Housing Programs
Federal Housing Finance Agency Acting Director Sandra L. Thompson announced the Housing Trust Fund (HTF) and the Capital Magnet Fund (CMF) will receive a total of $1.138 billion for affordable housing initiatives from Fannie Mae and Freddie Mac (the Enterprises).
FHFA Calls for Revisions to GSE Duty to Serve Plans
The Federal Housing Finance Agency (FHFA) announced its objections to Fannie Mae’s and Freddie Mac’s revised DTS Proposed Underserved Markets Plans for 2022-2024. Under the DTS rule, Fannie Mae and Freddie Mac must prepare and submit three-year DTS plans detailing their activities to serve three underserved markets: manufactured housing; rural housing; and affordable housing preservation.
FHFA Establishes New, Higher Affordable Housing Goals for Fannie Mae, Freddie Mac
The Federal Housing Finance Agency published a final rule establishing updated affordable housing goals for Fannie Mae and Freddie Mac.
Biden to Nominate Thompson as FHFA Director
President Joe Biden (D) announced his intent to nominate Sandra Thompson to serve as the director of the Federal Housing Finance Agency.
FHFA Releases 2022 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions
The Federal Housing Finance Agency (FHFA) released the 2022 Scorecard for Fannie Mae, Freddie Mac (the Enterprises), and Common Securitization Solutions, LLC (CSS).
Cushman & Wakefield Enters $500 Million Joint Venture with Greystone
Cushman & Wakefield and Greystone External Link announced they will enter into a strategic joint venture.
Fannie, Freddie May Acquire up to $78 Billion in Multifamily Loans in 2022
The Federal Housing Finance Agency announced the multifamily loan acquisition volume caps for the GSEs in 2022.
Fannie, Freddie Each Increase LIHTC Investment by $350 Million; FHA Risk-Share Programs Resume
Last week, the White House released a sweeping set of actions the Biden-Harris administration is taking to increase the supply of affordable housing.
HUD & FHFA Enter into Fair Housing, Lending MOU
HUD and the Federal Housing Finance Agency (FHFA) entered a Memorandum of Understanding (MOU) to enhance their enforcement of the Fair Housing Act. The MOU allows HUD and FHFA to enforce fair housing and fair lending requirements by promoting information sharing, coordination on investigations, compliance reviews and the ongoing monitoring of Fannie Mae and Freddie Mac.
Fannie Mae Introduces Sponsor-Initiated Affordability Incentives for Multifamily Borrowers
Fannie Mae announced that it is offering Sponsor-Initiated Affordability (SIA) incentives for multifamily borrowers, with the aim of preserving naturally occurring affordable housing (NOAH) and workforce housing. Property owners seeking Fannie Mae financing will be encouraged for rent and income restrictions for residents living in conventional workforce housing.
FHFA Extends COVID-19 Forbearance through June 30
The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac will offer COVID-19 forbearance to qualifying multifamily property owners through June 30.