Federal / Agency News

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

Congress is likely on track to trigger a government shutdown on Oct. 1, 2023, with little hope of passing the 12 appropriations bills before the start of the new fiscal year and a standoff in the House Republican Caucus around a short-term continuing resolution.

HUD is delaying the National Standards for the Physical Inspection of Real Estate (NSPIRE) compliance date for Community Planning and Development (CPD) programs through Oct. 1, 2024.

HUD awarded approximately $18 million in grant funding and loan commitments under the Green and Resilient Retrofit Program (GRRP) to owners of properties participating in HUD-Assisted Multifamily Housing programs.

The Pennsylvania Housing Finance Agency (PHFA) released their 2024 Qualified Allocation Plan, which was approved by the Board on September 14.

The House returned this week following August recess and both chambers are racing to meet the September 30 appropriations deadline.

Last week, HUD announced that they updated Fair Market Rents (FMRs) for Fiscal Year (FY) 2024 and released an additional $113 million in Housing Choice Vouchers to public housing agencies to help 9,500 families to meet these growing costs.

The Ohio Housing Finance Agency announced that it posted the 2023 4 percent LIHTC with Bond Gap Financing (BGF) Affordable Housing Funding Application (AHFA).

The Tennessee Housing Development Agency (THDA) Multifamily Programs Division posted the 2023 Competitive Low-Income Housing Credit Preliminary Ranking to their website.

The Treasury Department and Internal Revenue Service issued proposed regulations related to the increased tax credit or deduction amounts for clean energy facilities and projects, if taxpayers satisfy certain prevailing wage and registered apprenticeship (PWA) requirements.

The U.S. Department of Housing and Urban Development (HUD) announced awards nearly $140 million to 36 state and local government agencies in 19 states to protect children and families from lead-based paint hazards and other home health hazards.

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released a summary report and data collected on all New Markets Tax Credit (NMTC) investments across the nation through the fiscal year (FY) 2021 reporting period.

The Environmental Protection Agency (EPA) published a proposed rule to significantly lower acceptable levels of lead-based paint (LBP) and make abatement protocols much more stringent for federally assisted properties built before 1978 that undergo renovation.