Federal / Agency News
HUD Awards $25 Million to At Risk PHAs
Last week, the HUD awarded $25 million to 157 public housing agencies (PHAs) experiencing or at risk of experiencing financial shortfalls.
HUD Publishes 2024 QCTs, DDAs
Last week, HUD published its annual list of areas that qualify as Qualified Census Tracts (QCTs) or Difficult Development Areas (DDAs) for LIHTC purposes.
Looming Shutdown and Effect to Housing
Congress is likely on track to trigger a government shutdown on Oct. 1, 2023, with little hope of passing the 12 appropriations bills before the start of the new fiscal year and a standoff in the House Republican Caucus around a short-term continuing resolution.
HUD Delays Compliance Date for NSPIRE Protocols for CPD Programs to October 2024
HUD is delaying the National Standards for the Physical Inspection of Real Estate (NSPIRE) compliance date for Community Planning and Development (CPD) programs through Oct. 1, 2024.
HUD Awards $18 Million in First Round of GRRP Funding
HUD awarded approximately $18 million in grant funding and loan commitments under the Green and Resilient Retrofit Program (GRRP) to owners of properties participating in HUD-Assisted Multifamily Housing programs.
PHFA Announces Next LIHTC Round
The Pennsylvania Housing Finance Agency (PHFA) released their 2024 Qualified Allocation Plan, which was approved by the Board on September 14.
Congress Returns this Week with Looming Appropriations Deadline
The House returned this week following August recess and both chambers are racing to meet the September 30 appropriations deadline.
HUD Updates FY 2024 FMRs
Last week, HUD announced that they updated Fair Market Rents (FMRs) for Fiscal Year (FY) 2024 and released an additional $113 million in Housing Choice Vouchers to public housing agencies to help 9,500 families to meet these growing costs.
Ohio Posts 2023 Bond Gap Financing Application
The Ohio Housing Finance Agency announced that it posted the 2023 4 percent LIHTC with Bond Gap Financing (BGF) Affordable Housing Funding Application (AHFA).
THDA Posts 2023 Competitive Preliminary Ranking
The Tennessee Housing Development Agency (THDA) Multifamily Programs Division posted the 2023 Competitive Low-Income Housing Credit Preliminary Ranking to their website.
Treasury Department and IRS Issue Proposed Regulations for Clean Energy Projects
The Treasury Department and Internal Revenue Service issued proposed regulations related to the increased tax credit or deduction amounts for clean energy facilities and projects, if taxpayers satisfy certain prevailing wage and registered apprenticeship (PWA) requirements.
HUD Awards $140 Million to Protect Families from Lead and Other Health and Safety Hazards
The U.S. Department of Housing and Urban Development (HUD) announced awards nearly $140 million to 36 state and local government agencies in 19 states to protect children and families from lead-based paint hazards and other home health hazards.