Federal / Agency News

FHA published a Mortgagee Letter updating the Base City High Cost Percentage and High Cost Areas, as well as the annual indexing of the Multifamily Accelerated Processing (MAP) Guide’s Substantial Rehabilitation and Large Loan Risk Thresholds. These annual updates adjust: These adjustments reflect regional economic conditions and construction costs in High Cost Areas. The annual […]

Reps. Mike Carey (R-OH) and Jimmy Panetta (D-CA) introduced the Affordable Housing Credit Carryback Act (H.R. 9012) to allow 5-year carrybacks for LIHTC. Why This Matters: This proposal will provide investors with additional flexibility and capacity to invest in LIHTC. What’s Next: The bill was referred to the House Ways and Means Committee, with the […]

The House Transportation, Housing and Urban Development, and Related Agencies (T-HUD) Appropriations Subcommittee met last week and passed their FY 2027 T-HUD budget along party lines (9-7). By the Numbers: What’s Next: The full House Appropriations Committee markup will take place on Wednesday, June 3 at 11 am ET.

The updated 21st Century ROAD to Housing Act passed the House by an overwhelming bipartisan vote of 396-13. Go Deeper: See our write-up in last week’s edition detailing changes to the bill. What They’re Saying: The House Financial Services Committee released statements from committee and House leadership sharing excitement around passage and urging the Senate […]

HUD published a memo establishing deadlines for action items for CY 2026 year-end closings of RAD transactions, including conversions under the RAD for Public Housing and RAD for Project-Based Rental Assistance Contracts components.

HUD’s Office of Multifamily Housing Programs published the FY26 Section 811 Supportive Housing for Persons with Disabilities Project Rental Assistance Notice of Funding Opportunity (NOFO). Applications are due July 13, 2026.

On May 12, 2026, HUD sent a memo to all public housing authorities effectively shutting down the Restore-Rebuild Initiative (formerly known as Faircloth-to-RAD). Go Deeper:

Last Thursday, Secretary Turner testified before the Senate Transportation, Housing and Urban Development, and Related Agencies (T-HUD) Appropriations Subcommittee to defend the President’s FY 2027 budget. Go Deeper: BABA was a central focus of the discussion, with Chair Susan Collins (R-ME), Subcommittee Chair Cindy Hyde-Smith (R-MS), and Subcommittee Ranking Member Kirsten Gillibrand (D-NY) all pressing […]

The House Financial Services Committee released their new version of the 21st Century ROAD to Housing Act. The new version of the bill: What’s Next: The House is expected to vote on the bill this afternoon without the SAVE America Act, despite President Trump demanding its inclusion on social media — a move that likely […]

HUD published updated Violence Against Women Act (VAWA) forms for use by Contract Administrators (CAs) and HUD’s Office of Multifamily Housing staff when conducting Management and Occupancy Reviews (MORs). These forms replace expired versions and are located on the HUD Forms webpage. For additional questions on the new forms, please contact your local HUD Field […]

HUD’s Office of Public and Indian Housing (PIH) published a notice implementing the FY 2026 Housing Choice Voucher (HCV) program’s funding allocations. While most of the content remains the same from the 2025 notice, some policy changes include: Housing Assistance Payments Administrative Fees

On Monday, President Trump posted on Truth Social asking Congress to pass the Senate version of the 21st Century ROAD to Housing Act. What They’re Saying: Chairman of the Banking, Housing, and Urban Affairs Committee, Senator Scott (R-SC), responded on X saying: “Thank you, Mr. President! By passing the 21st Century ROAD to Housing Act, […]