What a Harris Presidency Would Look Like for Housing
By Monica Hogan, Inside Mortgage Finance
Now that President Joe Biden has announced that he won’t seek re-election and has endorsed Vice President Kamala Harris as the next Democratic nominee, the housing-finance market is pondering what a Harris White House would look like.
Former Trump Housing Official Sees Potential for Building Homes on Public Land in a Second Term
By Victor Reklaitis, MarketWatch
Meanwhile, former Biden administration official sees Trump scaling down agencies that oversee housing funds, along with an effect on civil rights. Two experts on housing from different sides of the aisle clashed Tuesday over what a second Trump administration could mean for Americans dealing with the tough market for home buyers.
National Housing Conference Bolsters Board With New Appointees and Returning Members, Sustains Diversity and Expertise
National Housing Conference
The National Housing Conference (NHC) has announced three new appointees to its Board of Governors while welcoming back three returning members. With these latest additions, NHC’s Board of Governors continues to remain one of the most diverse boards in the United States.
HUD Secretary Fudge Announces Retirement
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.
NAAHL President and CEO Sarah Brundage Statement on the Retirement and Resignation of HUD Secretary Marcia L. Fudge
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.
Fudge to Leave HUD
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.
HUD Extends Multifamily Risk-Sharing Program
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.
NAAHL’s Roberts Gives Conditional ‘Outstanding’ Rating to Updated CRA Regulations
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.
Low-Income Housing Tax Credits News Briefs – March 2024
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.
Press Releases
Media Advisory
Acting Comptroller of the Currency Keith Noreika to Speak at NAAHL’s 2017 Annual Conference
Acting Comptroller Keith Noreika will be the Closing Keynote speaker at NAAHL’s annual conference Thursday, November 2. Mr. Noreika will speak from: 4:00 p.m. until 4:30 p.m.
Location: National Press Club Ballroom, 13th Floor, 529 14th Street, NW, Washington, DC 20045
Media Advisory
Sen. Sherrod Brown to Speak at NAAHL’s Policy and Practice Conference
Sen. Brown (D-Ohio), Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, will be the Morning Keynote speaker at NAAHL’s annual conference Thursday, December 1. Sen. Brown will speak from 9:30 a.m. until 10:00 a.m.
Location: Top of the Hill at the Reserve Officers Association, 1 Constitution Avenue, NE, Washington, DC 20002
Media Advisory
Comptroller Curry to Speak at NAAHL’s Policy and Practice Conference
Comptroller Thomas Curry will be the Breakfast Keynote speaker at NAAHL’s annual conference Thursday, December 1. Comptroller Curry will speak from 8:00 a.m. until 8:45 a.m.
Location: Top of the Hill at the Reserve Officers Association, 1 Constitution Avenue, NE, Washington, DC 20002
Naturally Occurring Affordable Housing
NAAHL & ULI Symposium
NAAHL Statement on CDFI Fund’s Capital Magnet Fund Announcement
Today’s historic launch of the Capital Magnet Fund begins an important new chapter for affordable housing and inclusive neighborhood revitalization. High-performing community development financial institutions (CDFIs) and nonprofit developers will now have the growth capital necessary to mobilize responsible private financing and scale up the development of affordable housing. The $90 million of awards will generate at least $1 billion in new housing investment.
Banking Agencies Finalize New and Revised CRA Q&As
The federal banking agencies have finalized Community Reinvestment Act (CRA) Questions and Answers (Q&As) proposed in 2014 and published a single set of Q&As that consolidates these new Q&As with those previously issued. The agencies adopted all but one of their proposals, which address: economic development; examples of community development; innovative or flexible lending practices; the service test; and responsiveness and innovativeness generally. The Q&As also include a number of technical corrections.
OCC Responsible Innovation Comment Letter
Transmitted by email
RE: Supporting Responsible Innovation in the Federal Banking System
NAAHL Statement on New LIHTC Expansion Bill
Sens. Cantwell and Hatch Introduce 50% LIHTC Expansion Bill
