Federal / Agency News

Under Executive Order 13777, a directive to reduce unnecessary regulations, HUD is seeking public comment on how it can streamline existing regulations.

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 Director for the Office of Recapitalization Tom Davis has been chosen as a finalist for the Management Excellence Medal.

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.

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.

Patenaude currently serves as president of the J. Ronald Terwilliger Foundation for America’s Families.

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.

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.

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.

The national Median Family Income (MFI) increased 3.5% to $68,000 compared to last year.

Congress has less than 10 days to pass legislation and avoid a government shutdown – a task which could prove difficult.

The bipartisan bill aims to improve the Low Income Housing Tax Credit through a number of changes.