Federal / Agency News
CDFI Fund Releases Summary Report and Data on NMTC Investments
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released a summary report and data collected on all New Markets Tax Credit (NMTC) investments across the nation through the fiscal year (FY) 2021 reporting period.
IRS Publishing Final Regulations, Application Process for ‘Adder’ ITCs for Solar, Wind at Low-Income Communities, Federally Subsidized Residential Buildings
The Internal Revenue Service (IRS) published final regulations for the “adder” investment tax credit (ITC) percentages for solar or wind facilities built in low-income communities or in connection with federally subsidized residential buildings.
California Releases Amendment to Transition Reserve Policy and Funding Availability Calendar
The California Department of Housing and Community Development (HCD) released an amendment to its Transition Reserve Policy Administrative Memo, which implements statutory changes made under SB 948 (Chapter 667, Statutes 2022) applicable to Health and Safety Code Section 60468.
EPA Proposes Lead-Based Paint Rule for Federally Assisted Housing
The Environmental Protection Agency (EPA) published a proposed rule to significantly lower acceptable levels of lead-based paint (LBP) and make abatement protocols much more stringent for federally assisted properties built before 1978 that undergo renovation.
HUD Launches $85 Million PRO Housing Funding Opportunity
HUD opened the $85 million first-of-its-kind competitive Pathways to Removing Obstacles to Housing (PRO Housing) funding opportunity for jurisdictions.
HUD Publishes Updated Public and Assisted Housing Guidance for Treatment of Solar Programs for Residents to Benefit
HUD published updated guidance for Public Housing Authorities (PHAs) and owners of properties participating in HUD Multifamily Assisted Housing programs regarding the treatment of financial benefits received from participation in community solar energy programs or the presence of on-site solar facilities.
THDA Accepting Applications for Multifamily Tax Bond Authority
The Tennessee Housing Development Agency (THDA) is accepting applications for MTBA 2023 Round Two on August 14.
Oklahoma Releases Second QAP Draft
The Oklahoma Housing Finance Agency announced the release of the 2024 QAP to its website.
Georgia’s Department of Community Affairs 2024 QAP Development
Georgia’s Department of Community Affairs (DCA) plans to hold listening sessions for development and input for the 2024 QAP.
Montana Takes Action on Zoning Bills
The Montana legislature took comprehensive action this year on a suite of zoning bills that together will help facilitate the production of rental housing and prevent local governments in the state from adopting policies that create barriers to development.
Minnesota Releases Strategic Plan for 2024-2027
Minnesota Housing released its draft 2024-2027 Strategic Plan for public comment.
Louisiana 2024 LIHTC Application Log
The Louisiana Housing Corporation released the 2024 LIHTC Application Log, which details projects requested in the state, the type of construction, total units and the amount of the project.