Federal / Agency News
HUD Publishes Updated Mortgage Limits for Multifamily Housing
HUD has published in the Federal Register the Annual Indexing of Basic Statutory Mortgage; Limits for Multifamily Housing Programs.
White House Releases FY-18 Budget Request
The significantly reduced budget maintains all existing vouchers (HUD’s largest expense) by increasing expenses for tenants and placing a freeze on rent adjustment increases for PBRA, Section 202, and Section 811, among other strategies.
Leaked FY-18 Budget Draft Proposes Deep Cuts To HUD
A copy of a recent internal-draft of President Trump’s FY-18 Budget was obtained by POLITICO and several advocacy organizations. The document, dated May 4, proposes significant cuts to the HUD Budget. The expanded document reflects many of the priorities outlined in the “Skinny Budget” released earlier this year by the Trump Administration, though readers should […]
HUD Solicits Comments on Reducing Regulatory Burden
Under Executive Order 13777, a directive to reduce unnecessary regulations, HUD is seeking public comment on how it can streamline existing regulations.
House Ways and Means Committee Schedules Tax Reform Hearing
The House Ways and Means Committee has a hearing scheduled for Thursday, May 18, at 10am to discuss tax reform and how it could grow the economy and create jobs.
HUD’s Tom Davis Named Finalist for 2017 Service to America Medals
HUD Director for the Office of Recapitalization Tom Davis has been chosen as a finalist for the Management Excellence Medal.
Nominations and Appointments at HUD and Treasury Continue
Adolfo Marzol has been appointed as a Senior Advisor at HUD, David Kautter has been nominated for the position of assistant secretary for tax policy within the Treasury Department, and Brian Montgomery has surfaced as President Trump’s likely nomination to head the Federal Housing Administration.
CDFI Fund: Capital Magnet Fund Applications Likely Open in June, Information Call May 10
The CDFI Fund announced Thursday that the FY 2017 funding round will likely open in June of this year. An estimated $120 million will be available for the round.
Trump to Nominate Pamela Patenaude as Deputy Secretary for Housing at HUD
Patenaude currently serves as president of the J. Ronald Terwilliger Foundation for America’s Families.
CDFI Fund Opens CY 2017 NMTC Funding Round
The CDFI Fund released today the Notice of Allocation Availability (NOAA) for the calendar year (CY) 2017 round of the New Markets Tax Credit Program (NMTC Program). The NOAA makes up to $3.5 billion in tax credit allocation authority available for the CY 2017 round.
Omnibus Appropriations Enacted for Remainder of FY 2017 Budget; HUD Sees Slight Increase
The $1.07 trillion budget agreement does not include any of the $18 billion in domestic program cuts requested by the White House and will likely be passed this week.
HUD Releases New Demographic Data on LIHTC Residents
While the report points to incomplete data reporting for various reasons, the data provided could give a general idea regarding LIHTC resident demographics in particular areas.