FHFA Releases 2023 Annual Housing Report
On October 30, FHFA released its 2023 Annual Housing Report outlining Fannie Mae and Freddie Mac’s affordable housing activities in 2022
Nov 10, 2023
Housing Finance News
FHFA Finalizes 2022-2024 Single-Family and 2022 Multifamily Housing Goals for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) issued a final rule for Fannie Mae and Freddie Mac (the Enterprises) that establishes the benchmark levels for each of the single-family housing goals and subgoals for 2022 through 2024 and establishes the benchmark...
City of Austin opens applications to non-profits for funding land acquisitions and affordable housing construction
The City of Austin’s Community Acquisition Program, a part of Project Connect’s Anti-Displacement initiatives, provides zero-percent interest forgivable and non-forgivable loans to eligible non-profit organizations for the acquisition of property that increases the supply of affordable housing.
IRS Releases Guidance on Minimum 4 Percent Housing Credit Rate
On December 1, the Internal Revenue Service (IRS) issued Revenue Ruling 2021-20 and Revenue Procedure 2021-43 providing guidance to address ambiguities related to the application of the Housing Credit 4 percent minimum rate for bond-financed buildings.
New Freddie Mac security provides affordable housing liquidity for small financial institutions
Freddie Mac (OTCQB: FMCC) today announced a new effort to help financial institutions with less than $10 billion in assets access additional liquidity for the financing of affordable housing.
Proposed 2020 budget reduces HUD funding by $8.7 Billion
From NAHBNow President Trump is seeking to reduce the 2020 budget for the department of Housing and Urban Development (HUD). The budget cycle begins October 1, 2019 and runs through September 30, 2020. While no White House budget is ever approved "as is" by...
Churchill Stateside Group Announces Streamlined Process for FHA 221(d)4 Loans
From PR Newswire Churchill Stateside Group, LLC (CSG), a real estate and renewable energy financial services company, today announced a new HUD streamlined process for FHA Section 221(d)(4) loans associated with new tax credit transactions. These changes will...
FHA Expands Financing for Housing Tax Credit Multifamily Properties
From HousingWire The program for streamlining mortgage applications for housing tax credit multifamily properties just got a lot bigger thanks to the Department of Housing and Urban Development (HUD) who announced that the Federal Housing Administration (FHA) is...
Bank of America Merrill Lynch lends and invests a record $4.7 Billion
From Business Wire TAAHP Member Bank of America Merrill Lynch Community Development Banking was reported to have provide a record amount ($4.7 Billion) in loans, tax credit investments and other development solutions in 2018. This was up from $4.53 billion in 2017....
To build more affordable housing, tech looks to startup funding
From Curbed A new partnership has formed between a New York-based venture capital fund with a focus on real estate and a non-profit. Enterprise Community Partners, a national nonprofit that is focused on affordable housing financing, announced a partnership with...
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