FHFA Amends Affordable Housing Regs

first_img Previous: What Stops Some Millennials From Owning Next: Appraisal Threshold for Residential Real Estate Loans Could Shift  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Tagged with: Affordable Housing Program AHP Federal Housing Finance Agency FHFA FHLBanks Mel Watt November 21, 2018 2,041 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img in Daily Dose, Featured, Government, Journal, News Servicers Navigate the Post-Pandemic World 2 days ago David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Demand Propels Home Prices Upward 2 days ago About Author: David Wharton FHFA Amends Affordable Housing Regs Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Affordable Housing Program AHP Federal Housing Finance Agency FHFA FHLBanks Mel Watt 2018-11-21 David Wharton The Federal Housing Finance Agency (FHFA) this week issued a Final Rule amending its regulations regarding the Federal Home Loan Banks’ (FHLBanks) Affordable Housing Program (AHP). FHFA said that the amended ruling was intended to provide FHLBanks with additional flexibility when it comes to how they choose to work alongside their Advisory Councils in order “to allocate their AHP funds and to design their project selection scoring systems to address affordable housing needs in their districts.”FHFA stated that these latest amendments are also intended to make the AHP easier to use, to reduce “regulatory monitoring requirements that are redundant with other federal programs.” The rule authorizes FHLBanks to set up “competitive funds” designed to target specific affordable housing needs in their districts.According to FHFA’s statement, the Final Rule also “removes the requirement for retention agreements for owner-occupied units where the AHP subsidy is used solely for rehabilitation and reduces administrative and financial burdens on FHLBanks, members, and households related to calculating and obtaining household subsidy repayments.”“We appreciate the thoughtful comments we received on the proposed rule and implemented many of those suggestions,” said FHFA Director Melvin L. Watt.  “We believe that those suggestions incorporated into the final rule will help to further strengthen this important program, which has supported more than one million units of housing affordable to low-income homebuyers and renters since its inception in 1990.”FHLBanks are required to implement all changes introduced by the Final Rule no later than by January 1, 2021. However, changes related to owner-occupied retention agreement requirements must be implemented by January 1, 2020.For anyone interested in learning more about the new FHFA Final Rule, the Agency will be hosting a webinar at 2 p.m. EST on Thursday, December 13. You can submit questions for the webinar in advance by emailing them to [email protected], and you can register for the FHLBanks Affordable Housing Program Final Rule Webinar by clicking here.The FHFA statement noted that FHLBanks’ net income generated $384 million in AHP funding in 2017. Home / Daily Dose / FHFA Amends Affordable Housing Regs Subscribelast_img read more

Osimhen celebrates Lille ‘solid’ performance over Lyon

first_img “Another win [and] solid performance from the whole squad,” Osimhen posted on Instagram. Loading… The Super Eagles star featured for the entirety of the game as Loic Remy’s strike ensured the Great Danes extended their winning streak against the Kids. The victory at Stade Pierre Mauroy saw Christophe Galtier’s men maintain their fourth spot in the table after gathering 49 points from 28 matches. Osimhen has been in fine form since his summer move from Sporting Charleroi, scoring 18 goals and providing six assists in 38 appearances across all competitions. The 21-year-old will hope to produce a goalscoring performance when Lille take on Brest in their next league game on Saturday. FacebookTwitterWhatsAppEmail分享 center_img Victor Osimhen has praised Lille’s ‘solid performance’ in their 1-0 victory against Lyon in Sunday’s Ligue 1 game. Promoted ContentBirds Enjoy Living In A Gallery Space Created For ThemTop 7 Best Car Manufacturers Of All TimeA Guy Turns Gray Walls And Simple Bricks Into Works Of ArtThe Best Geek Movies Of All TimeWho’s The Best Car Manufacturer Of All Time?Best & Worst Celebrity Endorsed Games Ever Made8 Superfoods For Growing Hair Back And Stimulating Its Growth7 Black Hole Facts That Will Change Your View Of The UniverseThe Models Of Paintings Whom The Artists Were Madly In Love WithWhat Happens To Your Brain When You Play Too Much Video Games?10 Risky Jobs Some Women DoWhat Happens When You Eat Eggs Every Single Day?last_img read more