Combating Washington’s homelessness crisis
Earlier this year, Washington made unprecedented investments to combat the unsheltered homelessness crisis across the state. While we are making progress, we know much work remains. Gov. Jay Inslee proposes investing another $800 million to find solutions for individuals living without shelter and help those at risk of becoming homeless.
Office of the Governor, Jay Inslee (Washington) • December 30, 2021
Treasury emergency rental assistance programs in 2021: Preliminary analysis of program features and spending performance
Congress appropriated a historic $46.55 billion for emergency rental assistance to protect the housing stability of tenants struggling to pay their rent. Prior to these appropriations, many jurisdictions created or expanded emergency rental assistance programs in immediate response to the COVID-19 pandemic using a variety of federal and local funding streams, including funds provided through the CARES Act1 , state and local funds, and philanthropic contributions. Our prior research on these earlier programs indicates that more flexible funding streams and less restrictive program characteristics were associated with better program performance
NLIHC • December 31, 2021
FHFA establishes 2022 benchmark levels for low-income multifamily mortgage purchases
The Federal Housing Finance Agency (FHFA) today issued a final rule that establishes 2022 benchmark levels for multifamily housing goals for Fannie Mae and Freddie Mac (the Enterprises). The goals are for the Enterprises to purchase mortgages on low-income multifamily properties with 415,000 units, with 88,000 of those units for very-low-income residents. The subgoal for small multifamily properties (five to 50 units) is 17,000 units for Fannie Mae and 23,000 units for Freddie Mac.
Novogradac • December 22, 2021