Federal / Agency News

This week, The New York Times published a front-page story on the impact of the tax reform bill on affordable housing. The story cites Novogradac’s estimates of the units that will be lost (235,000 units) as a result of the lower corporate rate, provides a good overview of the growing affordable housing needs in our […]

Earlier this week, several news agencies reported on a leaked infrastructure plan from the White House. One of President Trump’s campaign promises was to create a program to invest $1 trillion in infrastructure over ten years. Housing advocates may be disappointed to learn that affordable housing is not specifically mentioned in the leaked document. However, […]

The Federal Government has reopened after a three day shut-down.  Congress passed a short-term funding bill that will continue to fund government activities through February 8, 2018.  The measure passed the House of Representatives on a  266-150 with all but 6 Republicans voting for the measure, who were joined by forty-five Democrats.  In the Senate the […]

Treasury is expected to unveil significant changes to Community Reinvestment Act (CRA) requirements, according to several media reports. CRA, originally put in place to combat redlining practices by home lenders, today accounts for a significant portion of housing credit investment, as banks can fulfill CRA requirements by investing in the LIHTC. Treasury Secretary Steve Mnuchin […]

This webinar will introduce owners, Continuums of Care, and Public Housing Agencies who are interested in converting their Moderate Rehabilitation (Mod Rehab) and Moderate Rehabilitation Single Room Occupancy (SRO) contracts under the RAD to the basic eligibility requirements, application process, and benefits of RAD conversion.

The timely report follows a recent court ruling reinstating HUD’s January 1, 2018 implementation date for the Small Area FMR requirement.

HUD’s recent notice in the Federal Register extends the deadline for submission of Assessments of Fair Housing (AFH) past October 31, 2020 (participants have varying specific deadlines).

The report is significant in that states will generally respond to the best practices through policy changes in their QAPs.

Not only did Hatch play a large role in the recent tax reform legislation, but he is also a great ally for the Low Income Housing Tax Credit – serving as the Republican co-sponsor on legislation to expand and improve the credit.

There is still time to press the case for extending RAD’s authority in the final form of the FY 2018 appropriations act.

A Dec. 23 ruling by a U.S. District Court means the determination of fair market rent (FMR) in two dozen of the nation’s largest metropolitan areas has come full circle.

The goal of these changes is to reduce the regulatory burden on PHAs and Multifamily Housing Owners. The effective date of these changes is March 12, 2018, with comments due January 11, 2018.