Chair Mike Flood (R-NE) and Ranking Member Emanuel Cleaver (D-MO) of the House Financial Services Committee’s Housing and Insurance Subcommittee introduced the HOME Reform Act of 2025 yesterday. The bill text is the same as the draft released during the HOME 2.0 Hearing, with the exception of raising the Davis-Bacon threshold from 12 to 24 […]
The Continuum of Care (CoC) Program is the largest source of funds for homeless assistance in the country and proposed changes could lead to dramatic cuts. Go Deeper: What’s Next: If you use CoC funds and/or are concerned about this change in funding, please reach out to your Congressional members’ housing staff to voice your […]
NH&RA continues to update our state map and tracker of new 25 percent financed-by bond test policies. Several states have updates: The Affordable Housing Tax Credit Coalition released recommended practices for 25 percent test implementation, offering guidance to state and local housing finance and bond allocating agencies. Recommendations include:
The IRS released new 2026 per capita multipliers for private activity bonds and LIHTCs. What’s Next:
Craig Trainor was confirmed by the Senate as Assistant Secretary for Fair Housing and Equal Opportunity (FHEO) at HUD. Go Deeper: A recently passed rules change allows confirmation of nominees to be done “en bloc consideration.” Trainor was confirmed along with 111 other nominees. Trainor’s background can be found in our June 18 edition along […]
As the government shutdown enters its third week, Office of Management and Budget (OMB) Director Russ Vought posted on X “The RIFS have begun.”
The Renewing Opportunity in the American Dream (ROAD) to Housing Act passed the Senate as a manager’s amendment to the 2026 National Defense Authorization Act (NDAA) with a vote of 77-20. Some key measures, summarized in our July 30 edition, include: What They’re Saying: Senator Tim Scott (R-SC), Chair of Senate Banking, Housing, and Urban […]
As of midnight this morning, funding for the federal government officially lapsed with the start of a new fiscal year (FY). Likely to Continue: On Recess: The Senate is on recess for the remainder of this week and the House is out on recess until Tuesday, October 7. Members could be called back earlier if an […]
ProPublica released two drafts of unpublished HUD rules targeting work requirements and immigration status. Establishing Flexibility for Implementation of Work Requirements and Term Limits: Verification of Eligible Status: What’s Next: It is not clear when, or if, HUD will publish these draft rules. If they do publish these rules, there would be a public comment period before adoption.
HUD published guidance for PHAs and their development partners for projects using both RAD and Section 18 disposition authority (“RAD/Section 18 Blends”). The guidance covers payments during the year of conversion, administrative requirements and impact on public housing funding, payments made during the first full calendar year after conversion and thereafter, and includes additional resources.
The Senate Banking, Housing and Urban Affairs Committee voted to advance two HUD nominees along a 13-11 party-line vote: In Context: Information on their backgrounds can be found in the May 13 edition. What’s Next: Their nominations will advance to the full Senate for a floor vote, where they will likely be considered in a large batch with […]
New RAD guidance allows existing project owners to request rent increases above the current limited Operating Cost Adjustment Factor (OCAF) adjustments at former-public housing properties to ensure financial viability. Office Hours for PHAs and their partners on the Alternative OCF will be held on September 25th at 2 P.M. EST. Join Exception to the Operating […]