April 25, 2017
Tuesday’s Regulatory & Legislative Roundup
- HUD has published its third annual report on demographic and economic data for people living in Low-Income Housing Tax Credit (Housing Credit) properties. As of December 31, 2014, the median annual income of residents was $17,152 and approximately 47 percent of tenants earned 30 percent or less of the area median income.
- The Mortgage Bankers Association (MBA) released a report on proposed changes in a possible reform of the secondary mortgage market, including the roles of Fannie Mae and Freddie Mac. The report addresses the appropriate transition to the reformed system as well as the role of the secondary market in advancing an affordable housing strategy.
