Affordable Housing Finance Update – February 4, 2015

2016 Budget Proposal Seeks $4 Billion Boost for HUD

President Obama is proposing a significant funding increase for the Department of Housing and Urban Development (HUD) in his fiscal 2016 budget proposal. Read More

GSEs Provide More Than $57 Billion in 2014 Multifamily Volume

Fannie Mae and Freddie Mac provided financing for more than 850,000 units last year, with many serving low- and moderate-income households. Read More

Looking to the Future with RAD

The Cambridge Housing Authority in Massachusetts is converting its public housing units to project-based assistance under the RAD program. Read about these efforts and the recent expansion of RAD. Read More

Fight Brews Over Housing Trust Fund, Capital Magnet Fund

Rep. Ed Royce (R-Calif.) plans to introduce legislation prohibiting Fannie Mae and Freddie Mac from funding the National Housing Trust Fund and the Capital Magnet Fund. Read More

Mayor de Blasio Calls for Mandatory Inclusionary Zoning

Calling for better ways to create affordable housing in New York City, Mayor Bill de Blasio said today that mandatory inclusionary zoning is long overdue. Read More

HUD Report: Severe Worst-Case Housing Needs Persist

Although a 9% decrease from 2011, 7.7 million households still paid more than half their income on rent or lived in substandard housing in 2013. Read More

Makah Tribe Builds Permanent Supportive Housing

The Sail River Longhouse Apartments in Neah Bay, Wash., provides 21 homes for formerly homeless individuals and families, some of whom have struggled with addiction. Read More

Kim Griffith to Retire From Freddie Mac

Kimball Griffith, a central figure in the financing of affordable housing, is retiring from Freddie Mac this week. Read More

Readers’ Choice Awards Competition Opens

Affordable Housing Finance magazine has opened its 2015 Readers’ Choice Awards. The entry period continues through March 23. Read More

HUD Issues NHTF Program Guidance

HUD has published an interim program rule, providing guidance to state and local entities for implementing the National Housing Trust Fund. Read More

Castro Appears on The Daily Show

Here’s a video of HUD secretary Julián Castro on The Daily Show with Jon Stewart. Read More

Guest Commentary: Protecting Affordable Housing Parties Against the Big, Bad Environmental Liability Monster

Nixon Peabody’s Alison Torbitt outlines steps you can take to protect against liability issues related to properties with environmental hazards. Read More

HUD-VASH Expands to Native American Communities

HUD–VASH is being opened to tribes so they can directly serve Native American vets living on or near tribal lands. Read More

HUD Announces $1.8 Billion for Homeless Programs

Nearly 8,400 local homeless housing and service programs receive Continuum of Care grants. Read More

HUD, Calif. Announce Energy Programs for Multifamily Housing

California governor Jerry Brown and HUD secretary Julián Castro announce plans to expand financing for energy improvements in multifamily housing in the state. Read More

Colorado Finalizes 2015 QAP

Colorado’s 2015 qualified allocation plan targets several priorities, including projects serving homeless people. Read More

CDT Announces $100 Million RAD Program

The Community Development Trust is committing $100 million to assist projects using the Rental Assistance Demonstration program. Read More

Boston Financial Raises $471 Million in LIHTC Equity in 2014

Boston Financial Investment Management announces that it raised $471 million and closed on $439 million in low-income housing tax credit equity in 2014. Read More

R4 Capital Raises $447 Million in 2014

R4 Capital reports it raised $447 million and closed on $386 million in low-income housing tax credit (LIHTC) equity in 2014. Read More

Bishop Paiute Tribe Drops LIHTC Deal

The Bishop Paiute Tribe has terminated its plans to develop housing after becoming the first California Native American tribe to receive an award of low-income housing tax credits. Read More