Treasury Department Issues Guidance to Increase Affordable Housing Supply

The Treasury Department issued new guidance Wednesday to increase state, local and tribal governments’ ability to use American Rescue Plan funds to increase affordable housing. The Mortgage Bankers Association commended the Biden administration for its commitment to addressing the ongoing housing shortage.

Administration Announces Steps to Increase Affordable Housing Supply

The Biden Administration on Wednesday announced a number of steps aimed at creating, preserving and selling to homeowners and non-profits nearly 100,000 additional affordable homes for homeowners and renters over the next three years, with an emphasis on the lower and middle segments of the market.

Administration Announces Steps to Increase Affordable Housing Supply

The Biden Administration on Wednesday announced a number of steps aimed at creating, preserving and selling to homeowners and non-profits nearly 100,000 additional affordable homes for homeowners and renters over the next three years, with an emphasis on the lower and middle segments of the market.

CFPB: Rental Assistance Available as Eviction Moratorium Expiration Approaches

As the July 31 federal eviction moratorium expiration approaches, the Biden administration, Consumer Financial Protection Bureau, the Mortgage Bankers Association and industry groups are working together to inform apartment owners and renters about the rental assistance programs available to them.