Federal / Agency News
Sign-on Letter for FY 2024 Affordable Housing, Community Development Appropriations
The Campaign for Housing and Community Development Funding (CHCDF) is leading a sign-on letter to urge Congress to oppose any cuts to federal affordable housing, homelessness and community development programs, and to instead invest in these vital programs in Fiscal Year 2024.
NLIHC: U.S. Short 7.3 Million Homes for ELI Households
In The Gap 2023: A Shortage of Affordable Homes, the National Low Income Housing Coalition (NLIHC) estimates there is a national shortage of 7.3 million affordable and available rental homes for extremely low-income renters.
NPS Releases FY 2022 HTC Report
The National Park Service (NPS) released its 2022 annual report on Federal Tax Incentives for Rehabilitating Historic Buildings.
Treasury Report on Second Anniversary of American Rescue Plan Act
To mark the second anniversary of the American Rescue Plan Act of 2021 (ARPA), the U.S. Department of the Treasury released a report with new data illustrating the extent to which this funding supported both immediate pandemic recovery and long-term economic growth.
HUD Issues Final Implementation of the Public Housing Over-Income Limit
HUD issued Notice PIH 2023-13, which provides guidance to Public Housing Agencies (PHAs) regarding the new limitations on continued occupancy in public housing for over-income families from the Housing Opportunity Through Modernization Act of 2016.
CDFI New Markets Tax Credit Program
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announces that it received 197 applications for the calendar year (CY) 2022 round of the New Markets Tax Credit Program (NMTC Program).
CDFI 2023 Capital Magnet Fund Applications & ACR Conference Call
The Community Development Financial Institutions Fund (CDFI Fund) announced that the Fiscal Year 2023 Capital Magnet Fund applications are due on March 21 at 11:59 p.m. ET.
HUD Problem Solving Clinic (CDBG) and CDBG Reports
HUD’s Office of Disaster Recovery (ODR) announced that it is sponsoring the 2023 Community Development Block Grant Disaster Recovery and Mitigation (CDBG-DR and CDBG-MIT) Problem Solving Clinic.
Senate Finance Committee Holds Hearing on Increasing Affordable Housing; Chairman Wyden Introduces DASH Act
The Senate Finance Committee held a hearing on March 7, 2023 to discuss tax policy’s role in increasing the affordable housing supply for working families.
President Biden Releases FY 24 Budget Request
On March 9, the White House released its fiscal year (FY) 2024 budget proposal, which notably calls for $51 billion in additional LIHTCs, a new Neighborhood Homes Tax Credit, and mandatory funding for new project-based rental assistance contracts.
Senate Reintroduces HTC-GO
Senators Ben Cardin (D-MD), Bill Cassidy (R-LA), Maria Cantwell (D-WA) and Susan Collins (R-ME) reintroduced the Historic Tax Credit and Growth Opportunity Act (HTC-GO) of 2023 (S. 639).
Senate Banking Committee Hearing on Housing – March 7
The Senate Committee on Banking, Housing and Urban Affairs will hold a hearing on March 7 at 10 a.m. ET on Increasing Affordable Housing Supply.