Freddie Mac
AHTCC Sends Letter to FHFA Director
The Affordable Housing Tax Credit Coalition, of which NH&RA is a member, sent a letter to the Federal Housing Finance Agency (FHFA) Director Dr. Mark Calabria to welcome him to his new role and thank him for his comments during the confirmation process on promoting access to affordable housing, retaining the Government Sponsored Enterprises’ (GSE) […]
Senate Confirms Calabria as Director of FHFA
On April 4, 2019 the Senate voted 52-44 to confirm Mark Calabria as the director of the Federal Housing Finance Agency (FHFA).
FHFA Announces NHTF and CMF Payments
The Federal Housing Finance Agency (FHFA) announced the authorization of disbursements from Fannie Mae and Freddie Mac to the National Housing Trust Fund (NHTF) and Capital Magnet Fund (CMF). The NHTF will receive $244.86 million and the CMF will receive 131.84 million.
Senate Banking Committee Holds Two Hearings on Housing Finance Reform
On March 26 and 27 the full Senate Committee on Banking, Housing and Urban Affairs held hearing on Chairman Mike Crapo’s (R-ID) Housing Finance Reform Outline. At the March 26 hearing Chairman Crapo said he wants to “bring to a close the conservatorship era.” Former Acting FHFA Director Edward DeMarco stated that “the outline captures the consensus elements of prior reform proposals and serves as a solid workable foundation from which to develop legislation.” At the March 27 hearing Chairman Crapo said he “considers Housing Finance Reform to be a top priority for the Banking Committee this Congress” and that “the status quo is simply not a valid viable option.”
Freddie Mac: Tax Incentives Set to Drive Multifamily Investments in Opportunity Zones
A Multifamily in Focus research paper released by Freddie Mac shows that the Opportunity Zones tax incentives will likely lead to a significant influx of capital to multifamily investments in Opportunity Zones. The research paper compares a hypothetical investment under the tax structures offered by both traditional and Opportunity Fund circumstances.
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.
Appleton, Calabria and Kurtz Nominations Advance in Senate
On Feb. 26, the Senate Committee on Banking, Housing and Urban Affairs approved the nominations of Seth Appleton to be Assistant Secretary of HUD’s Office of Policy Development and Research, Dr. Mark Calabria to be Director of the Federal Housing Finance Agency and Robert Kurtz to be Assistant Secretary of HUD’s Office of Public and […]
Senate Banking Votes on Calabria’s FHFA Nomination – Feb. 26
On February 26, the Senate Committee on Banking, Housing and Urban Affairs will vote on the nomination of Mark Calabria to lead the Federal Housing Finance Agency. The Committee will also consider the nominations of Seth Appleton to lead HUD’s Office of Policy Development and Research and Robert Hunter Kurtz to be the Assistant Secretary […]
Red Mortgage Capital Adds New York Lending Office
RED Mortgage Capital, a division of ORIX Real Estate Capital, LLC, has hired Sean Cullen and Ronnie Gyani to lead its multifamily affordable lending activities in the greater New York City area. Cullen and Gyani have worked together since 2010 and both bring a strong level of affordable housing finance experience to RED’s New York and East Coast operations.
Enterprise Blog Summarizes and Responds to Chairman Crapo’s Housing Finance Reform Outline
NH&RA member Enterprise Community Partner recently published a blog post on Senate Banking, Housing and Urban Affairs Committee Chairman Mike Crapo’s (R-ID) housing finance reform outline. Vice President of Policy Development Andrew Jakabovics argues that eliminating the explicit commitment to affordable housing is a step in the wrong direction and that the housing finance system […]
NH&RA joins letter to protect the HTF and CMF
NH&RA joined a letter led by the National Housing Conference, the National Low Income Housing Coalition, the Capital Magnet Fund Coalition, LISC and the Opportunity Finance Network which calls on the Acting Director of the Federal Housing Finance Agency to continue making allocations to the Capital Magnet Fund (CMF) and the national Housing Trust Fund (HTF).