ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.
President Trump has named Comptroller of the Currency Joseph Otting as acting director of the Federal Housing Finance Agency (FHFA) beginning Jan. 6, after Director Mel Watt’s term ends.
The White House announced its intent to nominate Mark Calabria to take over as director of the Federal Housing Finance Agency (FHFA) following the departure of current FHFA director Mel Watt on Jan. 4, 2019.
The Federal Housing Finance Agency (FHFA) published a final rule amending the Federal Home Loan Banks’ (FHLBanks) Affordable Housing Program (AHP) regulations. FHLBanks are required to allocate 10 percent of prior year’s income to fund the AHP, which helps subsidize the purchase, construction and rehabilitation of affordable rental and owner-occupied housing for moderate-, low- and […]
The Senate Committee On Banking, Housing and Urban Affairs will meet in on October 18 to conduct a hearing entitled “Oversight of Pilot Programs at Fannie Mae and Freddie Mac.” The witnesses will be: Ms. Sandra Thompson, Deputy Director, Division of Housing Mission and Goals, Federal Housing Finance Agency; Mr. Timothy J. Mayopoulos, Chief Executive Officer, […]
The Federal Housing Finance Agency (FHFA) is requesting public input on Fannie Mae and Freddie Mac’s (the Enterprises) proposed modifications to their 2018-2020 Underserved Markets Plans (Plans) under the Duty to Serve (DTS) program.
The Committee on Financial Services will hold a hearing entitled “Oversight of the Federal Housing Finance Agency’s role as conservator and regulator of the Government Sponsored Enterprises” on Thursday, September 27, 2018, at 10:30 a.m. in room 2128 of the Rayburn House Office Building. This will be a two-panel hearing with the following witnesses: Panel […]
The Federal Housing Finance Agency recently published the final rule stipulating housing goals for Fannie Mae and Freddie Mac for the next two years. The majority of both single family and multifamily goals remain the same from the previous two years. The GSEs must now support 315,000 rental homes serving 80% AMI or lower, an […]
Fannie Mae plans to purchase 269 loans secured by LIHTC properties during the two-year period while also making five LIHTC equity investments in 2019. Freddie Mac plans on making nine LIHTC equity investments during 2018-2020 serving high-needs rural regions.
To be excluded from the caps, loans for water and energy efficiency improvements must demonstrate at least a 25% energy or water savings.
FHFA made the announcement on November 16 that Fannie Mae and Freddie Mac are reentering the LIHTC market as equity investors in a limited role, effective immediately.
Should the Enterprises ever be permitted to invest in LIHTCs, the investments in rural areas would be eligible to receive Duty to Serve credit.
The increase comes in light of continued high levels of property acquisitions and deliveries of newly constructed apartment units…