Federal / Agency News
First Drafts of House Spending Bills Come in Higher than White House Budget Proposal
While The Office of Management and Budget requested $462 billion for nondefense discretionary spending, House appropriators have decided to draft allocations assuming a $511 billion topline instead.
Housing Trust Fund Receives Allocation Boost
Many states will see a jump in their Housing Trust Fund (HTF) allocation for FY 2017.
HUD Publishes 2017 Community Planning and Development Budget
Overall, this year’s CPD budget represents a 2% increase in allocation over 2016.
HUD Publishes Section 8 2017 Renewal Funding Inflation Factors for PHAs
HUD’s recent Federal Register Notice announces the release of 2017 Renewal Funding Inflation Factors (RFIFs) used for allocating Housing Choice Vouchers funds to PHAs.
Confirmation Hearing For Dep. Secretary Nominee Scheduled for June 6
The Senate Committee on Banking, Housing, & Urban Affairs will meet in open session to conduct a hearing for the Chairman of the Council of Economic Advisers and for the Deputy Secretary of Housing and Urban Development.
Paul Compton to be Nominated to Serve as U.S. Department of Housing and Urban Development General Counsel
Mr. Compton currently serves as leader of Bradley Arant Boult Cummings LLP’s Affordable Housing and Community Development practice out of the Birmingham office.
HUD Proposes Changes to Methodology for Estimating Fair Market Rents
HUD is seeking public comment on these changes, due by June 26, 2017.
CDFI Fund Plans to Open 2017 Round of Capital Magnet Fund in June
The CDFI Fund estimates up to $120 million will be available for this funding round.
2017 NMTC Program Electronic Application Now Available
The electronic application for the 2017 round of the New Markets Tax Credit Program (NMTC Program) is available for applicants through their Awards Management Information System (AMIS) accounts. The Community Development Financial Institutions Fund (CDFI Fund) published the Notice of Allocation Availability for the 2017 round in the Federal Register on May 4, 2017. Community […]
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 […]