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The Department of Housing and Urban Development (HUD) has announced a series of actions aimed at assisting in the Biden Administrations goal of creating, preserving, and selling about 100,000 affordable houses over the next three years. The following are the main features of the multi-agency effort. Restarting the FHA's Section 542 (c)Housing Finance Agency Risk-Sharing Program's partnership with theDepartment of Treasury's Federal Financing Bank (FFB Risk-Sharing which was suspended in 2019. This will provide low-cost, Ginnie Mae- comparable rates to HFAs that finance affordable housing development. Raising Fannie Mae's and Freddie Mac's (the GSEs') equity cap for the Low-Income Housing Tax Credit (LIHTC). Each GSE's annual investment in affordable housing development and preservation through
Rob Chrisman
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“It was the third of September that day I’ll always remember … Papa was a rolling stone… Wherever he laid his hat was his home. And when he died, all he left us was a loan…” Or may it is “alone.” Reg... (read more)
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Housing News
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The Department of Housing and Urban Development (HUD) has announced a series of actions aimed at assisting in the Biden Administrations goal of creating, preserving, and selling about 100,000 affordable houses over the next three years. The following... (read more)
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Housing News
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The U.S. Census Bureau says July's expenditures on all types of construction was at a seasonally adjusted rate of $1.569 trillion compared to $1.563 trillion in June. This is an increase of 0.3 percent and 9.0 percent higher than expenditures in July... (read more)
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National Associattion of Realtors
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