naahl_user

Novogradac

Sarah Brundage was named in January as the new president and CEO of the National Association of Affordable Housing Lenders (NAAHL). Brundage previously served as senior advisor for housing supply and infrastructure in the Office of the Secretary at the U.S. Department of Housing and Urban Development.

By AHF Staff, Affordable Housing Finance

Federal officials are indefinitely extending the Housing Finance Agency Risk-Sharing Initiative that was reinstated three years ago. Offered through the Department of Housing and Urban Development (HUD) and the Treasury Department’s Federal Financing Bank (FFB), the program has helped enable access to nearly $2 billion in financing for the development or rehabilitation of almost 12,000 affordable rental homes.

By Buzz Roberts, The Buzz

Last night the House passed a bipartisan tax bill that includes the first major expansion of Low Income Housing Tax Credits since 2000, a major NAAHL policy priority. The 359-70 vote was overwhelming, but Senate passage is far from certain.

By Candyd Mendoza, Mortgage Professional America

The National Association of Affordable Housing Lenders (NAAHL) has appointed Sarah Brundage (pictured) as its new president and chief executive officer. Effective February 5, Brundage will succeed Benson (Buzz) Roberts, who has led the organization for nine years.

By Donna Kimura, Affordable Housing Finance

Brundage to Lead NAAHL Sarah Brundage has been appointed president and CEO of the National Association of Affordable Housing Lenders (NAAHL). She will begin her position on Feb. 5. Brundage will lead the organization's affordable housing and community development policy advocacy following the retirement of Benson "Buzz" Roberts, who led the organization for nine years.

By Brad Stanhope, Novogradac

Buzz Roberts showed an early understanding of how community development financing works. "When I was in high school, I was a big New York Rangers [hockey] fan, but I could never get tickets to playoff games because unless you were a season-ticket, you had to camp out for them," said Roberts.

By Sam Manas, Inside Mortgage Finance

Neither consumer nor industry trade groups are fully satisfied with the final rule modernizing Community Reinvestment Act requirements. Lindsey Johnson, president and CEO of the Consumer Bankers Association, said the new framework will make it harder for banks to achieve an outstanding rating and the parameters around facility-based assessment areas could result in banks being unfairly categorized as needing improvement.

By Donna Kimura, Affordable Housing Finance

Affordable housing leaders are taking a close look at changes that could significantly reform Community Reinvestment Act (CRA) requirements. Federal banking regulators—the Office of the Comptroller of the Currency, the Federal Reserve, and the Federal Deposit Insurance Corp.—released their final rule Oct. 24.

By Andrew Ackerman, The Wall Street Journal

Top U.S. banking regulators have been struggling for more than five years to update anti-redlining rules aimed at making banks lend more in lower-income communities. On Tuesday, they plan to complete a revamp of them for the era of online banking.