HUD
Reps. Cleaver and Duffy Introduce Housing Choice Voucher Mobility Demonstration Act of 2019
Representatives Emanuel Cleaver (D-MO) and Sean Duffy (R-WI) reintroduced the Housing Choice Voucher Mobility Demonstration Act of 2019, which encourages families receiving housing choice vouchers to move to lower-poverty areas, enabling more access to areas of greater opportunity.
House THUD Appropriations Subcommittee Oversight Hearing on Management of Housing Contracts During the Shutdown – Feb. 12
The House Appropriations Subcommittee on Transportation, Housing and Urban Development and Related Agencies (THUD) will hold an oversight hearing on Tuesday, Feb. 12 at 4 p.m. ET on HUD’s management of rental assistance contracts during the shutdown.
HUD Issues Memos on Multifamily Production and Asset Management activities, HCV Funding and Public Housing Operating Fund
The Deputy Assistant Secretary of HUD’s Office of Multifamily Housing Programs issued two memos regarding the resumption of Multifamily production and asset management activities.
The General Deputy Assistant Secretary for Public and Indian Housing issued a letter that provides information on the status of Housing Choice Voucher (HCV) program funding and the Public Housing Operating Fund under the Continuing Resolution that funds the government through Feb. 15.
Senate Banking Committee Chairman Crapo Releases Outline for Housing Finance Reform
Senate Banking, Housing and Urban Affairs Committee Chairman Mike Crapo (R-ID) released an outline for housing finance reform legislation. In a statement Chairman Crapo said, “we must expeditiously fix our flawed housing finance system. My priorities are to establish stronger levels of taxpayer protection, preserve the 30-year fixed rate mortgage, increase competition among mortgage guarantors, and promote access to affordable housing.”
NLIHC Memo to Congress on Ending Homelessness and Housing Poverty
The National Low Income Housing Coalition (NLIHC) released Opportunities to End Homelessness and Housing Poverty in the 116th Congress, a memo to incoming members of Congress on steps to address the lack of decent, accessible and affordable housing. The report calls on members of Congress to:
HUD, City of New York Announce NYCHA Oversight Agreement
The Department of Housing and Urban Development (HUD), the City of New York (City) and the New York City Housing Authority (NYCHA) announced an agreement that will address the longstanding issues at the housing authority’s properties.
GAO Releases Report on Housing Finance Reform
The Government Accountability Office (GAO) issued a new report Housing Finance: Prolonged Conservatorships of Fannie Mae and Freddie Mac Prompt Need for Reform. The report, prepared for Chairwoman of the House Committee on Financial Services Maxine Waters (D-CA) and Congressman Sean Duffy (R-WI), calls on Congress to “consider legislation for the future federal role in housing finance that addresses the structure of the enterprises, establishes clear, specific, and prioritized goals and considers all relevant federal entities, such as FHA and Ginnie Mae.”
OHCS releases 9% LIHTC and HOME NOFAs – training Jan. 23
The Oregon Housing and Community Services (OHCS) released Notices of Funding Availability (NOFA) for the development and preservation of affordable rental through the HOME Investment Partnership program (NOFA #5003) and the 9% Low Income Housing Tax Credit (NOFA #5002). Applicants for both NOFAs must schedule a required site visit. To initiate scheduling the required site […]
House passes bills to fund HUD, USDA
The US House of Representatives passed two appropriations bills that would fund the Departments of Transportation, HUD, and Related Agencies (H.R. 267) as well as the Departments of Agriculture, Rural Development, Food and Drug Administration, and Related Agencies (H.R. 265). H.R. 267 passed with a vote of 244-180, with twelve Republicans voting in favor of […]
Ginnie Mae Executive Vice President Bright Steps Down
HUD announced Ginnie Mae’s executive vice president and chief operations officer Michael Bright will be stepping down on January 16 and has requested that his nomination for president of Ginne Mae be withdrawn. Maren Kasper, current executive vice president of Ginnie Mae, will serve as the acting president upon Bright’s departure. Bright has been hired […]
HUD Multifamily Notices on FHA and Asset Management Operations During Shutdown
HUD’s office of multifamily housing issued two memos regarding its operation during the partial government shutdown. The first memo details Federal Housing Administration (FHA) mortgage insurance applications and production activities and the second memo details multifamily asset management activities.
FFB Risk Sharing Program Ends
The Federal Financing Bank (FFB) multifamily risk-sharing initiative with Housing Finance Agencies (HFAs) officially ended on Dec. 31, 2019. In February of 2018, HUD announced that it would end the FFB financing initiative on Sept. 30, 2018. In September of 2018, HUD then granted an extension through the end of the year to review the program’s effectiveness.