HUD Issues Affirmatively Furthering Fair Housing Proposed Rule

On January 19, 2023, the Department of Housing and Urban Development published the much-anticipated Affirmatively Furthering Fair Housing (AFFH) proposed rule, which would implement the statutory obligation HUD and its program participants have to affirmatively further fair housing, as required by the 1968 Fair Housing Act. The proposed rule is intended to build and improve upon HUD’s 2015 AFFH final rule adopted under the Obama Administration.

Jan 23, 2023

Freddie Mac Multifamily’s Targeted Affordable Housing Loans Increased by Nearly 60% in 2022

Freddie Mac Multifamily’s 2022 production volume included a record of nearly $1 billion in Low-Income Housing Tax Credit (LIHTC) equity investments.

Jan 18, 2023

FHFA Finalizes 2023-2024 Multifamily Housing Goals for Fannie Mae and Freddie Mac

FHFA issued a final rule for Fannie Mae and Freddie Mac that establishes benchmark levels for multifamily housing goals for 2023 and 2024.

Dec 15, 2022

Multifamily Housing Simple Transfer Pilot Program

The Rural Housing Service (RHS or the Agency) is announcing a pilot program for simple transfers of USDA Section 515 Rural Rental Housing properties.

Dec 15, 2022

HUD: FY 2023 median family incomes and income limits to be delayed

The FY 2023 median family incomes and income limits would ordinarily be based on the ACS 2020 estimates. However, because of the lack of 1-year ACS 2020 estimates described above, HUD intends to instead base the FY 2023 median family incomes and income limits on ACS 2021 data. Since 2014, HUD has released median family incomes and income limits in March or April of each year. Because the special tabulations of ACS 2021 data HUD needs for median family income calculations will not be available until early 2023 , HUD intends to delay the release of FY 2023 median family incomes and income limits until on or about May 15, 2023. Should HUD revise this date, HUD will make a similar announcement on https://www.huduser.gov/portal/datasets/il.html.

Dec 15, 2022

HUD Releases 2022 RAD Rents for Public Housing Conversions

On December 15, The U.S. Department of Housing and Urban Development (HUD) posted the 2022 Rental Assistance Demonstration (RAD) contract rents.

Dec 15, 2022

New Data Shows 11% Decline in Veteran Homelessness Since 2020—the Biggest Drop in More Than 5 Years

The U.S Department of Housing and Urban Development (HUD), the U.S. Department of Veterans Affairs (VA), and the U.S. Interagency Council on Homelessness (USICH) announced preliminary results of the 2022 Point-in-Time Count showing an 11% decline in Veteran homelessness since early 2020, the last time a full count was conducted. This is the biggest drop in Veteran homelessness in more than five years.

Nov 15, 2022

Op-Ed Highlights Biden Administration’s Efforts to Bolster Affordable Housing

Secretary of the Treasury Janet L. Yellen and US Department of Housing and Urban Development Secretary Marcia L. Fudge release op-ed about the need to bolster affordable housing.

Nov 15, 2022

HUD Seeks Feedback by Nov. 23rd on Potential Changes to How Section 811, 202 Properties Convert Under RAD

Request for Written Feedback on the Implementation of The Conversion of properties Assisted Under Section 811 through the Rental Assistance Demonstration (RAD) The Rental Assistance Demonstration (RAD) allows certain HUD-assisted properties to convert to long-term...

Nov 15, 2022

HUD Releases 2023 Housing Credit Difficult Development Areas, Qualified Census Tracts

HUD recently released the 2023 list of Difficult Development Areas (DDAs) and Qualified Census Tracts (QCTs) for purposes of Housing Credit basis boost allowances.

Nov 15, 2022