FHFA Announces Increase in the Enterprises’ LIHTC Cap

December 21, 2023 — FHFA FHFA Announces Increase in the Enterprises’ LIHTC Cap   FHFA Announces Increase in the Enterprises’ LIHTC Cap Projects must remain affordable for 30 years. FOR IMMEDIATE RELEASE 12/21/2023 ​​​​​​Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will each be allowed…

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USDA Rural Development Announces Angilla Denton as Deputy Administrator for Multi-Family Housing

On December 6, 2023, USDA sent out the following Stakeholder Announcement: WASHINGTON, Dec. 6, 2023 – The U.S. Department of Agriculture (USDA) today announced Angilla Denton, Rural Development’s Chief Risk Officer, has been selected to serve as the Rural Housing Service (RHS) Deputy Administrator for Multi-Family Housing.   “Angilla Denton has dedicated her career to serving rural American families, and I…

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HUD: Updated Policy Removes Assurance of Completion Requirement for 223(f) Transactions with Low-Income Housing Tax Credit Proceeds

December 5, 2023 — HUD’s Office of Multifamily Housing sent out the following information: Dear Multifamily Stakeholders, HUD’s Office of Multifamily Housing published a Housing Notice and Mortgagee Letter today announcing the elimination of the 10 percent Assurance of Completion escrow in certain Multifamily 223(f) transactions that include new Low Income Housing Tax Credit proceeds. This change is…

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