Federal / Agency News

IRS

IRS Extends Placed-in-Service, Other LIHTC Deadlines

The IRS also issued Notice 2022-52, which extends placed-in-service (PIS) deadlines by one year for allocations starting in 2019.

IRS

IRS Issues Average Income Test Final Regulations

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 Announces Priscilla Almodovar as Chief Executive Officer

Fannie Mae announced the appointment of Priscilla Almodovar as chief executive officer (CEO) and member of the Board of Directors, effective Dec. 5, 2022.

Treasury

Treasury Guarantees $355 Million in Bond Funding for Projects in Low-Income Communities

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.

Federal Housing Finance Agency

FHFA Releases Annual Report on Low-Income Housing and Community Development Activities of the Federal Home Loan Banks

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).

congress-capitol

Congress to Vote on Stopgap Funding through Dec. 16

Fiscal Year 2022 funding runs out on September 30, and the federal government begins Fiscal Year 2023 on October 1.

HUD

Comments on HUD’s Design of New Green and Resilient Retrofit Program for Multifamily Assisted Housing Properties RFI Due Oct. 27

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

HUD Releases New Guidelines on Community Solar Participation for HUD-Subsidized Units

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

HUD Allocates New Housing Choice Vouchers to Almost 2,000 PHAs, 21 State HFAs

HUD recently announced the awarding of approximately 19,400 new Housing Choice Vouchers to 1,945 public housing agencies across the country.

General News

Average Income Regulations Submitted for OIRA Approval

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).

General News

Submit Property Examples to AHTCC’s Housing Credit Property Gallery

The Affordable Housing Tax Credit Coalition is soliciting properties for its Housing Credit property gallery.

NCSHA

Housing Finance Agencies Take Extraordinary Steps to Save Affordable Developments

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.

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