HUD ANNOUNCES CROSS-AGENCY EFFORTS TO INCREASE AFFORDABLE HOUSING SUPPLY

摘要

HUD has announced a series of actions it is taking as part of the Biden-Harris Administration's plan to create, preserve, and sell nearly 100,000 additional affordable homes for homeowners and renters across the U.S. over the next three years. As Congress and President Biden work toward the housing investments contained in the Build Back Better agenda, HUD is acting in its administrative capacity to create and increase affordable housing supply for lower income segments of the market. These actions include a significant step in restarting the Federal Housing Administration (FHA) Section 542(c) Housing Finance Agency Risk-Sharing Program with the Department of Treasury's Federal Financing Bank (FFB Risk-Sharing) which provides low-cost capital needed to spur development of rental housing in cooperation with state Housing Finance Agencies (HFAs). This agreement focuses on supporting construction and development of affordable housing units in states across the U.S. at a time when these kinds of capital investments for the most affordable housing are needed.