Federal / Agency News

congress-capitol

NMTC Coalition Sign-On Letter Urges Congress to Preserve the Tax Credit

The New Markets Tax Credit Coalition is circulating a sign-on letter urging Congress to preserve the New Markets Tax Credit (NMTC) if tax reform moves forward. NH&RA has signed on and urges its members to do the same.

HUD

HUD Hosts 3rd Q&A Webinar on RAD Fair Housing, Civil Rights, and Relocation Notice

HUD asks that participants ask questions “live” during the webinar or send questions in advance.

congress-capitol

Dr. Carson’s Confirmation Hearing Scheduled for 1/12

The position would mark Dr. Carson’s first time holding political office.

congress-capitol

House Financial Services Announces Leadership Team

Look for Rep. Hensarling to continue efforts to replace Dodd-Frank with an alternative bill and make GSE reform a priority as well.

HUD

HUD Launches Capital Needs Assessment (CNA) e-Tool, Mandatory Use Begins 7/1

On December 30, HUD launched the CNA e-Tool, which effects all owners, lenders, and third-party due diligence providers participating in multifamily programs.

HUD

HUD Publishes FY-2017 Annual Adjustment Factors for Section 8

The U.S. Department of Housing and Urban Development has published Annual Adjustment Factors (AAFs) for 2017. AAFs are used to adjust contract rents for units assisted in certain Section 8 housing assistance payment programs during the initial term of the HAP contract.

HUD

RAD Fair Housing, Civil Rights, Relocation Notice Live Q&A Webinar 12/15

HUD strongly encourages you to ask your questions “live” during the webinar OR to submit your questions in advance of the webinar

IRS

IRS Issues Notice on QCTs; Revenue Ruling on Localities Failing to Approve Projects

Both the notice and ruling relate to fair housing concerns – regarding QCTs and local NIMBY issues.

Federal Housing Finance Agency

FHFA Final Rule Suggests Potential for GSEs to Resume Investing in LIHTC

Should the Enterprises ever be permitted to invest in LIHTCs, the investments in rural areas would be eligible to receive Duty to Serve credit.

congress-capitol

Rep. Frelinghuysen Elected as Chair of House Appropriations Committee

Frelinghuysen is a moderate Republican from New Jersey who has been serving as a U.S. Congressman since 1995.

Department of Energy

Department of Energy Releases Best Practices Guide for Residential PACE Finance Programs

These programs allow state and local governments to extend the use of land-secured financing to fund energy efficiency, renewable energy, and water conservation improvements on private property.

HUD

HUD Updates Chapter 9 of Sec. 8 Renewal Policy Guide for Appraisers and Reviewers

This chapter provides technical guidance to appraisers and reviewers. The updated policies will go into effect for rent comparability studies signed by the appraiser on or after March 1, 2017.

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