Search Results for: Income Averaging
NCSHA Washington Report | April 19, 2024
A Senate hearing this past Wednesday entitled “Challenges in Preserving the U.S. Housing Stock” brought to mind longtime housing lawyer and legislative advocate Chuck Edson’s observation that congressional interest in the issue began in the late 1970s “in the countryside” when some apartment owners exercised their contractual right in loan agreements with the Farmers Home [...]
Grant Programs Officer
Join Virginia Housing and help make a difference as a Grant Programs Officer! This role is crucial in supporting the administration of Virginia Housing's grant programs. The selected Officer will be responsible for managing, monitoring, and operating the grant system. This includes promoting and providing quality technical assistance, training, and guidance to external partners.
Access Slides | Recordings
Video Recordings | Presentations | Resources Panels: Framing the Challenge Innovative State and Local Programs Federal Policy Actions and Opportunities Scaling Successful Approaches Panel 1: Framing the Challenge Presentation Deck Additional Resources Federal Reserve Bank of Philadelphia Measuring and Understanding Home Repair Costs: A National Typology of Households Updated Estimates of Home Repairs Needs and [...]
IRS Revenue Procedure 2024-21: New MRB and MCC Purchase Price Limits and Safe Harbors
On April 16, 2024, the Internal Revenue Service published Revenue Procedure 2024-21, which revises the nationwide average purchase price limits and the average area purchase price safe harbors for the Mortgage Revenue Bond (MRB) and Mortgage Credit Certificate (MCC) programs. The revenue procedure establishes the new MRB and MCC purchase price limits by taking the Federal Housing Administration single-family loan limits released in November 2023 and dividing them by .878. It also sets the national average purchase price at $510,100 for computing the housing cost/income ratio, which determines which areas qualify as high cost and are eligible for an increase in MRB/MCC income limits.
State of Georgia Introduces the New Georgia Dream Peach Plus Loan Program
The State of Georgia announced today the launch of the Georgia Dream Peach Plus loan program. This new initiative is poised to redefine access to affordable homeownership opportunities throughout the state by catering to a broader range of homebuyers seeking the dream of owning a home.
AHFA Releases 5.5% and 6% Fixed Mortgage Rates April 15
Alabama households with modest incomes will soon benefit from new below-market mortgage interest rates offered by the Alabama Housing Finance Authority’s First Step Mortgage Revenue Bond program.
Chris Gomez Appointed to VHFA’s Board Of Commissioners
Governor Phil Scott has appointed Chris Gomez of Rutland to Vermont Housing Finance Agency (VHFA)’s Board of Commissioners. Chris Gomez is the President/CEO of Heritage Family Credit Union (HFCU), headquartered in Rutland Vermont.
Nesterly’s Online Home-Sharing Platform Open to New Hosts in Maine
MaineHousing and its partner Nesterly are pleased to announce the launch of an exciting new pilot program that aims to help match people who may have extra space in their homes with eligible and pre-screened housemates.
PHFA Announces $4.5 Million for Community Revitalization Projects
The Pennsylvania Housing Finance Agency today announced seven projects to be awarded $4.5 million for the construction or rehabilitation of mixed-used developments.
