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HUD Publishes Updated Demolition/Disposition Notice
In late December, HUD published Notice PIH 2024-40, modifying previous guidance (Notice PIH 2021-07) regarding how a public housing agency (PHA) can apply to demolish or dispose of public housing under Section 18 of the Housing Act of 1937.
OZ Working Group Submits Letter to Trump Transition Team Urging Strengthening of OZ Incentive
A letter from the Novogradac Opportunity Zones Working Group to incoming President Donald Trump’s transition team and the nominee for deputy secretary for the U.S. Department of the Treasury calls for the Trump administration to consider regulatory and legislative efforts to enhance and reinforce the opportunity zones (OZ) incentive, including permanency.
Treasury Issues Final Rules for Technology-Neutral Clean Energy Tax Credits
The U.S. Department of the Treasury and Internal Revenue Service (IRS) released final rules for the technology-neutral clean energy tax credits.
Recent HUD Changes Increase Proceeds for Multifamily Developers and Owners
HUD has formally approved changes to the debt service coverage (DSCR) and loan-to-cost (LTC)/loan-to-value (LTV) criteria for 221(d)(4) and 223(f) programs.