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.
HFA Risk-Sharing Program to Be Extended
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.