Federal / Agency News
House THUD Appropriations Subcommittee Oversight Hearing on Management of Housing Contracts During the Shutdown – Feb. 12
The House Appropriations Subcommittee on Transportation, Housing and Urban Development and Related Agencies (THUD) will hold an oversight hearing on Tuesday, Feb. 12 at 4 p.m. ET on HUD’s management of rental assistance contracts during the shutdown.
HUD Issues Memos on Multifamily Production and Asset Management activities, HCV Funding and Public Housing Operating Fund
The Deputy Assistant Secretary of HUD’s Office of Multifamily Housing Programs issued two memos regarding the resumption of Multifamily production and asset management activities.
The General Deputy Assistant Secretary for Public and Indian Housing issued a letter that provides information on the status of Housing Choice Voucher (HCV) program funding and the Public Housing Operating Fund under the Continuing Resolution that funds the government through Feb. 15.
Senate Banking Committee Chairman Crapo Releases Outline for Housing Finance Reform
Senate Banking, Housing and Urban Affairs Committee Chairman Mike Crapo (R-ID) released an outline for housing finance reform legislation. In a statement Chairman Crapo said, “we must expeditiously fix our flawed housing finance system. My priorities are to establish stronger levels of taxpayer protection, preserve the 30-year fixed rate mortgage, increase competition among mortgage guarantors, and promote access to affordable housing.”
HUD, City of New York Announce NYCHA Oversight Agreement
The Department of Housing and Urban Development (HUD), the City of New York (City) and the New York City Housing Authority (NYCHA) announced an agreement that will address the longstanding issues at the housing authority’s properties.
HUD Webinar on RAD Rents – Feb. 5
On Feb. 5 from 1 -2 pm ET, HUD will host a webinar to review new RAD rents for public housing conversions based on final FY 18 Operating Fund and Capital Fund data.
FHFA Acting Director Announces Plans to Overhaul Housing Finance System
Joseph Otting, acting director of the Federal Housing Finance Agency (FHFA), told employees that the administration would not wait on Congress to overhaul the nation’s housing finance system. According to remarks obtained by POLITICO at a Jan. 17 FHFA staff meeting Otting said, in the next two to four weeks you’re going to be able […]
Opportunity Zones Hearing Rescheduled – Feb. 14
Love for Opportunity Zones will be in the air this Valentine’s Day at the IRS hearing on its proposed Opportunity Zones regulations. The hearing, which was originally scheduled for Jan. 10 and postponed because of the government shutdown, will be at 10 am ET on Feb. 14 in the IRS Building Auditorium in Washington, DC. To be placed on the building access list to attend the hearing, contact Regina Johnson at (202) 317-6901.
Members of Congress Raise Concerns to Treasury on Opportunity Zones
Seven Senators and nine members of the House of Representatives sent a letter to Treasury Secretary Steven Mnuchin in which they praise and raise concerns about Treasury’s proposed regulations. The signatories urge Sec. Mnuchin to address remaining questions on investments in operating businesses.
Government reopens, funded through Feb. 15
H.J. Res 28 was passed and signed into law on Friday, Jan. 25, ending the 35-day partial government shutdown. With funding secured through Feb. 15, lawmakers in the House and Senate have agreed to go to conference to negotiate a Department of Homeland Security funding bill. Funding for the rest of the government will likely […]
CHCDF Sign-on Letter Urges President and Congress to End the Shutdown
The Campaign for Housing and Community Development Funding (CHCDF) is circulating a sign-on letter calling on Congress and President Trump to end the government shutdown and ensure affordable housing and community development programs receive robust funding. NH&RA signed the letter and urges our members to do so as well.
Move America Act Would Expand PAB Authority, Create Infrastructure Tax Credit
Senators John Hoeven (R-ND) and Ron Wyden (D-OR) reintroduced the Move America Act. The bill would expand tax-exempt private activity bonds (PAB) and create a new infrastructure tax credit (Move America Equity Credits), to help fund infrastructure projects through private-public partnerships. According the Joint Committee on Taxation, the bill would leverage $8 billion in federal investment into $226 billion worth of bond authority over the next 10 years or up to $56 billion over 10 years in tax credits.
Members of Congress Send Letter to President Regarding the Shutdowns Impact on Federal Housing Assistance
34 U.S. Senators and 138 U.S. Representatives signed onto a Jan. 17 letter to President Trump, raising concerns about the impact of the shutdown on the people who rely on federal housing assistance. The letter urges the President to “end this shutdown and provide immediate relief to Americans being impacted by this funding crisis.”