February 6, 2018

In Case You Missed It: A Look at Recent National Housing Policy News

GSE Reform

Fannie-Freddie Bill includes Billions for Affordable Housing

A Senate bill to reform Fannie Mae and Freddie Mac, the result of discussions between Tennessee Republican Bob Corker and Virginia Democrat Mark Warner, would devote billions of dollars to boosting home ownership among lower-income borrowers.  The draft gives the clearest view yet into how the senators aim to woo progressive politicians to back their plan. Support from those Democrats is likely needed to meet the 60-vote threshold for passing major bills in the Senate.

GSE Reform Bill Could be Congress’s Last Chance

In this op-ed interview, MBA CEO David Stevens discusses his views on key provisions of the draft legislation and the importance of moving a bill forward.


Rental Housing

LIHTC Market Faces “Mild Turbulence” Ahead

Investors and developers in the Low-Income Housing Tax Credit (LIHTC) market are adapting to a dramatic drop in pricing over the past year and expecting more uncertainty ahead. The main concern is that demand for tax credits could diminish once institutional investors calculate the full impact from the Tax Cuts and Jobs Act. However, investors have not yet hit the pause button. They still have ample capital available and a desire to buy tax credits.

Work Requirements and Housing:  What We Don’t Know Could Hurt Us

It is now considered likely that the Administration’s HUD budget proposal will authorize PHA’s to impose work requirements on abled-bodied recipients in federal rental assistance programs. This Urban Institute blog post exams what is known as well as what is not known about the impact of work requirements in low-income housing programs.


Homeownership

Manufactured Homes Could Ease the Affordable Housing Crisis. So Why Are So Few Being Made?

This Urban Institute blog post provides a brief overview of the manufactured housing industry’s impact on the affordable housing market over the past 40 years, and looks at the potential for manufactured housing to again play an important role in meeting affordable housing needs.

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