Housing Assessment Resource Tools (HART)’s Post

FHFA releases its final rule on fair lending, fair housing The Federal Housing Finance Agency (FHFA) has released its Final Rule related to Fair Lending, Fair Housing, and Equitable Housing Finance Plans. The FHFA also announced the release of Fannie Mae and Freddie Mac’s (the Enterprises’) Equitable Housing Finance Plan updates for 2024 and Performance Reports for 2023. According to FHFA's notice, the Final Rule generally takes effect 60 days after its publication in the Federal Register—"except for subpart D, which will become effective on February 15, 2026.” The Final Rule “addresses barriers to sustainable housing opportunities for underserved communities by codifying existing FHFA practices in regulation and adding new requirements.” In addition, the Final Rule, “codifies in regulation much of FHFA’s existing practices and programs regarding fair housing and fair lending oversight of its regulated entities, the Equitable Housing Finance Plan program for the Enterprises, and requirements for the Enterprises to collect and report language preference, homeownership education, and housing counseling information.” This story can be read in its entirety on the Wolters Kluwer Vital Law site (no paywall) at https://lnkd.in/gM8M5qwB.   As reported by Donielle Tigay Stutland. #FHFA #FairHousing #EqualCreditOpportunity #SustainableHousing 

POLICY WIN FOR AFFORDABLE HOUSING: LIIF applauds the Biden Administration’s indefinite extension of the “FFB Risk-Sharing” program. In a recent comment letter (https://lnkd.in/gZNiiUUV), LIIF joined the National Association of Affordable Housing Lenders (NAAHL) and 14 partner organizations to advocate for the indefinite extension of the FFB Risk-Sharing program, which was set to expire at the end of September. We are excited about this step in the right direction to boost #affordablehousing supply.

FHFA adopts final rule on fair lending, fair housing The Federal Housing Finance Agency adopted a final rule on Fair Lending, Fair Housing, and Equitable Housing Finance Plans. The FHFA also announced the release of Fannie Mae and Freddie Mac’s Equitable Housing Finance Plan updates for 2024 and Performance Reports for 2023. The final rule generally takes effect 60 days after its publication in the Federal Register except for subpart D, which will become effective on Feb. 15, 2026. The rule follows up on an April 2023 proposal which sought to codify, in regulation, that Fannie Mae and Freddie Mac maintain Equitable Housing Finance Plans, and that they collect and report homeownership education, housing counseling, and language preference information from the Supplemental Consumer Information Form.  #governmentsponsoredenterprises#FannieMae#FreddieMac

Federal Funding Boosts BC's Affordable Housing Plan #cloverdalehomes #bestcloverdalerealestateagent #bestlangleyrealestateagent #fraservalleyhomes #langleyhomes #fraservalleyrealestateagent #langleyrealestateagent #fraservalleyrealestate #langleyrealestate

🏠 Are you a property manager or resident involved in Section 8 housing? It's crucial to understand the impact of accurate income reporting on housing assistance. Unreported income can lead to the need for repayment agreements and corrections that affect housing vouchers. We've put together an essential guide on how to navigate these situations, complete with steps for repayment and compliance. Don't let unreported income disrupt your housing assistance. Stay informed and ensure fairness in housing assistance. Learn more: https://bit.ly/3I04GBv #HousingAssistance #Section8 #IncomeReporting #AffordableHousing #NavigateHousing #PropertyManagement

We're sure many of you in the housing sector read this article in Housing Today (https://lnkd.in/ddEpGb9b) about cashflow in housing has dropped and the impact that will have on development. This points to a need, no, a necessity, to harness all areas of that can close the recovery gap, like service charges. It's time to take service charges out of the 'too hard to do' box and get this sorted. It's also best to get on with this now before September (if you know, you know). Speak to our service charges guru Dan Oehlman, or head over to our Ad Esse Service Charges page to see how we can help with this. You can start with a free self-assessment, https://lnkd.in/d5akQHjz.

Interesting article from the UNC School of Government highlighting the significant cost challenges impacting #affordablehousing development, and the growing importance of local government support to help fill financing gaps. https://unc.live/4fMQWcM

There are a lot of things happening to help bring more affordable housing to Bend. A common question we're receiving is, "Where is the housing for the middle class?" This is an excellent question with a bit of a convoluted answer. One reason there isn't enough housing for the middle class - what we call mid-market or workforce housing - is that there aren't enough incentives to make building housing that is affordable to this demographic appealing to builders. As you probably know, the cost of getting housing projects off the ground in Bend is high. The price of land alone is often a barrier to starting projects. To help address this, we developed a Revolving Loan Program. In this video, Sara Odendahl, Director of Government Affairs and Strategic Initiatives, provides an update on the program and how to get involved. If you want to learn more, please visit https://lnkd.in/gR6fiEVP.

Federal Funding Boosts BC's Affordable Housing Plan #fraservalleyrealestateagents #fraservalleyhomes #fraservalleyrealtors #chilliwackrealtors #abbotsfordrealtors #chilliwackhomes #abbotsfordhomes #chilliwackrealesate #abbotsfordrealestate #fraservalleyrealestate

Rent arrears in Scotland have hit their highest level since 2012, rising by almost 7% in the last year according to the Scottish Housing Regulator. With the sector under enormous pressure and associations currently setting rent for the year to come - is this a trend that will continue into the next year, and how will this impact association's abilities to support vital tenant services? https://lnkd.in/e4YW3q2y #socialhousing #housing #innovation