NAAHL in the News

By Monica Hogan

Department of Housing and Urban Development Secretary Marcia Fudge announced her retirement this week, effective March 22. Fudge, 71, said she had “mixed emotions” about leaving HUD. She is expected to return to Ohio to spend more time with her family.

By Sarah Brundage, NAAHL President and CEO

Marcia L. Fudge assumed her role as Secretary to the U.S. Department of Housing and Urban Development in a time when the agency needed rebuilding and the nation needed a strong voice on our country’s growing housing needs.

By Donna Kimura, Affordable Housing Finance

Marcia Fudge has resigned as secretary of the Department of Housing and Urban Development (HUD), effective March 22. She has served as the nation’s top housing official throughout President Joe Biden’s administration.

By Monica Hogan, Inside Mortgage Finance

A risk-sharing program of FHA and the Treasury Department’s Federal Financing Bank has been extended indefinitely, the Department of Housing and Urban Development announced last week.

By Brad Stanhope, Novogradac

For Buzz Roberts, the result of Community Reinvestment Act (CRA) regulations updated in October 2023 is simple: If large banks seek "outstanding" ratings, the new regulations will be good news for properties financed by community development tax incentives.

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.