Federal Housing Finance Agency (FHFA) Director Mel Watt issued letters directing the CEOs of government-sponsored entities Fannie Mae and Freddie Mac to begin setting aside and allocating funds to the National Housing Trust Fund and to the Capital Magnet Fund.
LeadingAge has accepted an invitation to join the Steering Committee of the ACTION Campaign, a coalition of more than 650 national, state and local organizations committed to ensuring that Congress strengthens the Low Income Housing Tax Credit. Congress is expected to consider tax reform during the coming year, and protecting the tax credit is among LeadingAge’s top tax priorities.
Recommendations regarding waiting list administration in Multifamily Housing have been released by the U.S. Department of Housing and Urban Development (HUD) in response to community concerns that individuals with disabilities may still be at a disadvantage regarding waiting list placement.
At LeadingAge's request, the U.S. Department of Housing and Urban Development (HUD) has extended until Jan. 15, 2015, the deadline for comments on proposed changes to the Supportive Housing and Services for the Elderly (Section 202) and Persons With Disabilities (Section 811) programs as well as the proposed regulations for the Service Coordinator and Assisted Living Conversion Program.
The U.S. Department of Housing and Urban Development (HUD) is encouraging Section 236 and Section 202 property owners with active mortgages to take action now to preserve the affordability of their buildings. HUD is encouraging owners to sign up for a new preservation mailing list to learn about options available for preserving your property for the long-term.