ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.
The Federal Housing Finance Agency published a final rule establishing updated affordable housing goals for Fannie Mae and Freddie Mac.
President Joe Biden (D) announced his intent to nominate Sandra Thompson to serve as the director of the Federal Housing Finance Agency.
The Federal Housing Finance Agency (FHFA) released the 2022 Scorecard for Fannie Mae, Freddie Mac (the Enterprises), and Common Securitization Solutions, LLC (CSS).
The Federal Housing Finance Agency announced the multifamily loan acquisition volume caps for the GSEs in 2022.
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 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.
On July 20 at 1 p.m. ET the Federal Housing Finance Agency will hold a listening session on radon testing and mitigation at Fannie Mae and Freddie Mac (the Enterprises) multifamily properties. Register here.
Last week the Supreme Court of the U.S. (SCOTUS) ruled 7-2 in Collins v. Yellen that the director of the Federal Housing Finance Agency (FHFA) is removable by the president. The court ruled that the Housing and Economic Recovery Act’s structure, which restricts the President’s power to remove the FHFA director, violates the separation of powers.
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.
The Federal Housing Finance Agency (FHFA) announced the authorization of more than $1 billion in affordable housing allocations to Fannie Mae and Freddie Mac, the largest disbursement in history. HUD’s National Housing Trust Fund (NHTF) will receive $711 million and the Department of the Treasury’s Capital Magnet Fund (CMF) will receive $383 million.
The Federal Housing Finance Agency (FHFA) announced that the 2021 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be $70 billion for each Enterprise. NH&RA applauds the increased caps and looking forward to working with FHFA, Fannie Mae and Freddie Mac to ensure sufficient liquidity in the multifamily mortgage market during this economic downturn.
Don Layton authored a new paper with Harvard Joint Center for Housing Studies, What Should We Do with the GSEs? Common-Sense Reform Recommendations for the Biden Administration. Layton concludes that the new administration, if it is to successfully address the GSE question, must follow one of two possible paths in the next twelve to twenty-four months.