Federal / Agency News
CDFI Funds Holds Equitable Recovery Program Webinar – Aug. 25
The CDFI Fund will hold a CDFI ERP Supplemental FAQs webinar from 1 to 2:30 p.m. ET on August 25 to inform applicants about the FY 2022 CDFI Equitable Recovery Program (CDFI ERP) application.
Polsinelli Publishes Green Tax Incentive Compendium
Jerome Garciano with Polsineli published his annual Green Tax Incentive Compendium, which presents certain federal and state tax incentives promoting the renewable energy and energy efficiency industries. Each
HUD, USICH, State and Local Leaders Partner on House America
House America: An All-Hands-on-Deck Effort to Address the Nation’s Homelessness Crisis is a federal initiative in which the HUD and the U.S. Interagency Council on Homelessness (USICH) are inviting mayors, city and county leaders, tribal nation leaders, and governors into a national partnership. House America will utilize the funds provided through the American Rescue Plan to address the crisis of homelessness through a Housing First approach.
House Passes, President Biden Signs Inflation Reduction Act
Last week, the House passed the Inflation Reduction Act along a party line vote and on Tuesday, President Biden signed the bill, enacting it into law.
HUD Publishes Davis-Bacon Labor Standards: Agency/Contractor Guide and Contractor Addendum
HUD published the Davis-Bacon Labor Standards: Agency/Contractor Guide and Contractor Addendum.
USDA Holds Multifamily Housing Partnership Updates Meeting – Sept. 29
The U.S. Department of Agriculture Multifamily Housing (MFH) leadership will hold a meeting via Teams at 3 p.m. ET on September 29 to provide updates on MFH programs.
Senate Passes Inflation Reduction Act – Housing Not Included
Over the weekend, the Senate passed the Inflation Reduction Act via the reconciliation process, which only requires passage via a simple majority.
Treasury Webinar on SLFRF for Affordable Housing Production, Preservation – Aug. 10
The Department of the Treasury will hold a webinar on how State and Local Fiscal Recovery Funds (SLFRF) can be used for affordable housing production and preservation.
NLIHC Releases Annual Report on the High Cost of Housing
The National Low Income Housing Coalition published its 2022 Out of Reach: The High Cost of Housing report detailing the average hourly wage an individual working full time (40 hours per week) must earn to afford a modest apartment without spending more than 30 percent of their income on housing.
Senate Appropriations Committee Releases FY 2023 Spending Bills
Last week the Senate Appropriations Committee released all 12 of its FY2023 appropriations bills.
Marion Mollegen McFadden Joins HUD as PDAS for CPD
Marion Mollegen McFadden joined the Biden-Harris administration as principal deputy assistant secretary for community planning and development at HUD.
New Treasury Guidance Adds Flexibility for Unobligated ERA 2 Dollars
The U.S. Department of the Treasury recently updated its Frequently Asked Questions (FAQs) guidance for the Emergency Rental Assistance (ERA) program to provide additional flexibilities under the American Rescue Plan Act for ERA 2 dollars that are unobligated as of Oct. 1, 2022.