Federal / Agency News
Flexibility Increased for Rural Multifamily Owners to Use Surplus Cash
A new regulation allows owners of properties with financing from USDA’s Section 515 and 514/516 rental programs to apply cash to approved soft debt.
USDA Formalizes 30-Day Written Eviction Notices
A new Rural Housing Service rule requires owners of Section 515 and 514/516 rental properties to give tenants written notification at least 30 days before terminating a lease or taking eviction actions.
HUD Publishes 2024 Income Limits, Implements Ten Percent Cap
HUD published the 2024 Income Limits, which determine eligibility for assisted housing programs, including the Public Housing, Section 8 project-based, Section 8 Housing Choice Voucher, Section 202 housing for the elderly and Section 811 housing for persons with disabilities programs, as well as Multifamily Tax Subsidy Project (MTSP) income limits that determine eligibility for LIHTC and tax-exempt private activity bond (PAB)-financed properties.
2024 Presidential Economic Report Includes Plan to Boost Housing Supply
The Council of Economic Advisers released the 2024 Economic Report of the President, which includes a chapter on Increasing the Supply of Affordable Housing.
New CMS Guidance Clarifies, Broadens Use of Medicaid Funds for Housing Supports
The Centers for Medicare & Medicaid Services (CMS) issued guidance and waiver approvals that broaden and clarify how states can use Medicaid funds to help pay for clinically appropriate, evidence-based services that address health-related social needs (HRSN), including affordable housing.
IRS Issues Guidance for Energy Communities, Bonus Credit Program Under the IRA
The IRS issued Notice 2024-30 to expand certain rules for determining what an energy community is for the production and investment tax credits.
HUD to Host Innovative Housing Showcase: June 7-9
HUD announced it will once again host the
U.S. Short 7.3 Million Homes for Lowest-Income Renters
NLIHC released its annual report The Gap: A Shortage of Affordable Homes.
The Toxic Problem of Poverty and Housing Costs Webinar: March 21
The Joint Center for Housing Studies of Harvard University will host the 23rd Annual John T. Dunlop Lecture on March 21 at 6:30 p.m. ET on The Toxic Problem of Poverty and Housing Costs.
FSS Impact and Innovation Forum – April 18
Compass Working Capital will hold a Family Self-Sufficiency (FSS) Impact and Innovation Forum on April 18 from 10 a.m. to 5 p.m. in Washington, DC.
IRS Announces Elective Pay Final Regulations for Renewable Energy ITCs
The IRS published the final elective pay regulations for the renewable energy Investment Tax Credit (ITC).
A New Fact Sheet on Child Poverty and Lack of Access to Housing
The Opportunity Starts at Home Campaign released a new fact sheet describing the connections between child poverty and lack of access to stable, affordable housing.