Federal / Agency News

house-of-representatives-seal

House Introduces New Markets Tax Credit Extension Act

Representatives Claudia Tenney (R-NY) and Terri Sewell (D-AL) introduced the New Markets Tax Credit Extension Act (H.R. 2539) in the U.S. House of Representatives.

IRS

IRS Guidance Releases Energy Community Bonus Credit Amounts Under the Inflation Reduction Act of 2022

The Internal Revenue Service (IRS) released Notice 2023-29, describing what constitutes an energy community for the ten percent bonus credit for production (PTC) and investment tax credits (ITC) under the Inflation Reduction Act (IRA).

Department of Energy

DOE Issues RFI Seeking Input on IRA Funding Opportunity – Webinar April 18

The Department of Energy (DOE) issued a request for information (RFI) seeking public input on the design of a future funding opportunity to support the development, adoption and implementation of model building energy codes for residential and commercial buildings throughout the U.S., pursuant to the Inflation Reduction Act (IRA).

Federal Housing Finance Agency

FHFA Announces Updated Equitable Housing Finance Plans for Fannie Mae and Freddie Mac

The Federal Housing Finance Agency (FHFA) announced updates to Fannie Mae and Freddie Mac’s (the Enterprises) Equitable Housing Finance Plans for 2023

General News

CDFI Fund Response to Economic Impacts of COVID-19

The Community Development Financial Institutions (CDFI) Fund announces awards of over $1.73 billion in grants to 603 CDFIs across the country through the CDFI Equitable Recovery Program (CDFI ERP).

ahtcc

Submit Your Edson Tax Credit Excellence Awards Nomination by April 21

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). The Edson

HUD

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 News

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 News

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.

General News

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.

ahtcc

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).

HUD

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.

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