The IRS also issued Notice 2022-52, which extends placed-in-service (PIS) deadlines by one year for allocations starting in 2019.
The Internal Revenue Service (IRS) and the U.S. Department of the Treasury issued new final regulations on the average income test (AIT).
Fannie Mae announced the appointment of Priscilla Almodovar as chief executive officer (CEO) and member of the Board of Directors, effective Dec. 5, 2022.
The. U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced three guarantees totaling $355 million under the Community Development Financial Institution (CDFI) Bond Guarantee Program.
The Federal Housing Finance Agency (FHFA) released its annual report on the low-income housing and community development activities of the Federal Home Loan Banks (FHLBanks).
Fiscal Year 2022 funding runs out on September 30, and the federal government begins Fiscal Year 2023 on October 1.
In response to the passage of the Inflation Reduction Act of 2022, HUD is currently designing a new program, the Green and Resilient Retrofit Program (GRRP), and expects to make multiple rounds of funding available to support energy, water efficiency retrofits and climate resilience of HUD-assisted multifamily properties.
HUD issued new guidance, which covers HUD-assisted multifamily units where tenants are responsible for their electricity bills and have access to community solar programs with key similarities to DC Solar For All.
HUD recently announced the awarding of approximately 19,400 new Housing Choice Vouchers to 1,945 public housing agencies across the country.
The much-anticipated average income regulations have cleared the Treasury Department and are now under review by the White House Office of Information and Regulatory Affairs (OIRA).
The Affordable Housing Tax Credit Coalition is soliciting properties for its Housing Credit property gallery.
A new report from the National Council of State Housing Agencies examines the actions taken by housing finance agencies to ensure that affordable housing projects proceed.