Industry News

Mourning Justice Ginsburg; Congressional Outlook for the Remainder of 2020

The late Justice Ruth Bader Ginsburg will lie in repose at the Supreme Court today and tomorrow and lie in state in the Capitol on Friday, the first woman to ever receive the honor. The passing of Supreme Court of the U.S. (SCOTUS) Justice Ginsburg dramatically changes the legislative outlook for the remainder of 2020.

Federal Reserve Advances CRA Reform

The Board of Governors of the Federal Reserve System (Federal Reserve) unanimously approved the Advance Notice of Proposed Rulemaking (ANPR) on Community Reinvestment Act (CRA) reform. The ANPR uses a data-driven approach and solicits feedback in several areas. Comments are due 120 days after official publication in the Federal Register. NH&RA is still reviewing the ANPR with plans to submit comments and encourages our members to do so as well.

HUD Published COVID-19, RAD and CARES Guidance

HUD published Notice Housing H-2020-09/PIH-2020-26 on providing supplemental COVID-19 guidance for PHAs and owners converting properties through RAD. The Notice describes the availability of Operating Fund Coronavirus Aid, Relief and Economic Security (CARES) Act funds for public housing properties that have converted or that will convert in calendar year 2020 and that are still supported through public housing appropriations.

Member News

Enterprise Names Six Housing Affordability Breakthrough Challenge Winners

Six fresh, transformative approaches are award winners in the Housing Affordability Breakthrough Challenge. Congratulations to all the winners, including NH&RA members Gulf Coast Housing Partnership and Preservation of Affordable Housing!

Community Development Trust 2020 Updates

The Community Development Trust (CDT) is pleased to report that both its debt and equity portfolios, which support more than 30,000 units of affordable housing and numerous charter schools throughout the United States, have performed well in this unprecedented economic environment.

Novogradac Report Forecasts Big Changes if Dems Sweep Elections

An Election Day sweep by Democrats would make it more likely there would be legislative and regulatory changes to expand and enhance community development tax incentives, according to a report released Sept. 22 by Novogradac & Company LLP.