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[ad_1] Last week, the Biden administration unveiled a multi-pronged proposal for federal agencies to address the lack of housing inventory, ahead of action from Congress. While the announcements didn’t include any major new programs, federal agencies will restart programs that previously lapsed, such as the U.S. Treasury and the Department of Housing and Urban Development’s risk-based sharing program, and increase funding to existing programs. The Federal Housing Finance Agency announced a significant increase — from $1 billion to $1.7 billion — in government sponsored enterprise investments in Low-Income Housing Tax Credit projects. The mortgage industry and housing advocates were generally supportive of the modest measures. Many items the housing industry and affordable housing advocates are hoping for are still up in the air as Congress negotiates the infrastructure packages. Bob Broeksmit, president of the Mortgage Bankers Association, said the trade association “strongly supports” efforts to increase supply by spurring construction and rehabilitation of homes for renters and first-time buyers. But Broeksmit pointed out that bigger changes depend on Congress. Measures under consideration include a downpayment assistance program and a number of measures focused on rental housing. This content is exclusively for HW+ members. Start an HW+ Membership now for less than $1 a day. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis Exclusive access to the HW+ Slack community and virtual events HousingWire Magazine delivered to your home or office Become a member today Already a member? log in The post Biden affordability efforts make no waves in housing industry appeared first on HousingWire. [ad_2] Source link

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[ad_1] Taliban fire in air to scatter Kabul protesters; no reports of injuries [ad_2] Source link

[ad_1] The BJP MLAs have been protesting the earmarking of the space to offer namaz in the state assembly and the state’s employment policy.  [ad_2] Source link

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[ad_1] OPEC+ keen to keep oil prices at $65-$75 a barrel, Lukoil chief says [ad_2] Source link

[ad_1] An elevated rotary flyover to the terminal will be developed by Bruhat Bengaluru Mahanagara Palike (BBMP) at a cost of Rs 260 crore. [ad_2] Source link

[ad_1] Ole Miss vs. Louisville score, takeaways: Rebels light up Cardinals in Atlanta without coach Lane Kiffin  CBSSports.com How Lane Kiffin’s and Matt Corral’s stories intertwined and flourished at Ole Miss  ESPN McCready: Corral shows growth, maturity in Rebels’ season opener  Rivals.com Report card: Did the Ole Miss defense grade higher than the Rebels’ offense against Louisville?  Jackson Clarion Ledger Louisville Cardinals vs. Ole Miss Rebels | Full Game Highlights  ESPN College Football View Full Coverage on Google News [ad_2]

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