Federal / Agency News

The U.S. government barely avoided a shutdown, where Congress passed a short-term funding measure to fund the government through November 17.

Last week, HUD published its annual list of areas that qualify as Qualified Census Tracts (QCTs) or Difficult Development Areas (DDAs) for LIHTC purposes.

Mayors, county executives and other elected executive leaders from local municipalities in nearly every state in the nation this week sent congressional leaders a letter urging Congress to pass the Affordable Housing Credit Improvement Act (AHCIA) (S.1557/H.R. 3238).

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $5 billion in New Markets Tax Credits (NMTC) today that will spur investment and economic growth in low-income urban and rural communities nationwide. A total of 102 Community Development Entities (CDEs) were awarded tax credit allocations, made through the calendar year […]

Last week, the HUD awarded $25 million to 157 public housing agencies (PHAs) experiencing or at risk of experiencing financial shortfalls.

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

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.