Federal / Agency News
HUD, Treasury Describe State’s use of ARP Funds to Increase Affordable Housing Supply
In a new Our Way Home blog post, Sarah Brundage, senior advisor for housing supply & infrastructure at HUD, and Ellen Lurie Hoffman, acting director of the office of community and economic development at Treasury, describe three examples of states utilizing American Rescue Plan (ARP) funding to serve their communities’ housing supply needs.
NH&RA Signs Letter in Support of FY 2024 FSS Appropriations, Opt-Out Demonstration
NH&RA joined a letter led by Compass Working Capital in support of Fiscal Year (FY) 2024 appropriations for the Family Self-Sufficiency (FSS) program.
NH&RA Signs Letter on FHA’s Section 8 Standard Program Regulation and Renewal Contract Proposal
NH&RA signed a letter led by the National Leased Housing Association on the Federal Housing Administration’s (FHA) Advanced Notice of Proposed Rulemaking on Section 8 Project-Based Rental Assistance: Standard Program Regulation and Renewal Contract.
CDFI Fund Bank Enterprise Award Program
Last week, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced the fiscal year (FY) 2023 funding round for the Bank Enterprise Award (BEA) Program.
HUD Publishes Updated Guidance for Section 8 Project-Based Rental Assistance Contract Renewals
HUD announced updated guidance for owners of properties participating in its Section 8 Project-Based Rental Assistance (PBRA) program.
House Appropriations Committee Holds THUD Member Day Hearing – March 30
On March 30 at 10 a.m. ET, the Transportation, Housing and Urban Development and Related Agencies (THUD) subcommittee of the House Appropriations Committee will hold its annual Member Day hearing.
House Appropriations Committee Holds HUD Oversight Hearing – March 28
On March 28 at 10 a.m. ET, the Transportation, Housing and Urban Development and Related Agencies (THUD) subcommittee of the House Appropriations Committee will hold its annual Oversight Hearing with Inspectors General from HUD and the Department of Transportation.
HUD Reinstates 2013 Disparate Impact Framework
HUD published a Final Rule on Reinstatement of Discriminatory Effects Standard, also referred to as disparate impact. The Final Rule rescinds the HUD’s 2020 rule governing Fair Housing Act disparate impact claims and restores the 2013 discriminatory effects rule.
Comments on HUD’s NSPIRE Inspection Standards Due April 27
HUD is seeking feedback on its National Standards for the Physical Inspection of Real Estate (NSPIRE) physical inspection scoring and ranking methodology.
IRS Publishes 2023 Population Figures to Calculate LIHTC, PAB
In Notice 2023-22, the Internal Revenue Service (IRS) published the 2023 resident population figures, which are used to calculate the population-based component of LIHTCs and Private Activity Bonds (PABs).
House Introduces Historic Tax Credit Growth and Opportunity Act
Last week, Representatives Darin LaHood (D-IL), Earl Blumenauer (D-OR), Mike Kelly (R-PA), Terri Sewell (D-AL) Michael Turner (R-OH) and Brian Higgins (D-NY) introduced the Historic Tax Credit Growth and Opportunity Act (HTC-GO). H.R. 1785 is the companion bill to S. 639, introduced in the Senate earlier this month by Senators Ben Cardin (D-MD), Bill Cassidy (R-LA), Maria Cantwell (D-WA) and Susan Collins (R-ME). NH
Edson Tax Credit Excellence Awards
The Affordable Housing Tax Credit Coalition announces that applications are now open for the AHTCC’s annual Charles L. Edson Tax Credit Excellence Awards (Edson Awards).