Federal / Agency News
IRS Seeks Comments on Priority Guidance Plan
The Internal Revenue Service (IRS) published Notice 2022-21, inviting public comment on recommendations for items that should be included in their 2022-2023 Priority Guidance Plan.
HUD Publishes URA Low Income Limits
The 2022 Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 (URA) – Low Income Limits have been issued on HUD.gov with an effective date of April 18, 2022. The low-income limits are used in connection with rental assistance payment calculations under 49 CFR 24.402(b).
CT Reminds Applicants of June 1 Deadline & FAQs
Connecticut Housing Finance Authority reminds developers that the 2022 Housing Tax Credit Contribution (HTCC) applications for funding must be submitted electronically through the SharePoint website using the Consolidated Application Version 2022, no later than 4:00 p.m., June 1, 2022.
FHFA Announces Fannie Mae’s and Freddie Mac’s Duty to Serve Underserved Markets Plans for 2022-2024
The Federal Housing Finance Agency (FHFA) published the 2022-2024 Underserved Markets Plans for Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) program.
Department of Labor Seeks Comment on Updates to Davis-Bacon Act Regulations
The U.S. Department of Labor is undertaking its first comprehensive review in almost 40 years of the regulations that implement the Davis-Bacon Act and related laws, requiring employers on federally-funded or assisted construction projects to pay locally prevailing wages to construction workers.
Join CHCDF FY 2023 Funding Letter by May 15
NH&RA signed the Campaign for Housing and Community Development’s (CHCDF) Fiscal Year (FY) 2023 funding letter to Congress calling for the highest allocation of discretionary funds possible for affordable housing and community development programs.
President Biden Appoints Michael Barr to Federal Reserve
President Joe Biden (D) nominated former Treasury Department official Michael Barr to lead the Federal Reserve’s regulation of the banking system as the central bank’s vice chair for supervision.
HUD Releases FY 2022 Income Limits
HUD released the Fiscal Year (FY) 2022 Income Limits for the Public Housing, Section 8 project-based, Section 8 Housing Choice Voucher, Section 202 housing for the elderly and Section 811 housing for persons with disabilities programs.
House Financial Services Committee Holds Public Housing Fire Safety Hearing – April 20
On April 20 at noon the Subcommittee on Housing, Community Development and Insurance of the House Financial Services Committee will convene in the Bronx, NY for a hybrid field hearing entitled, A Matter of Life and Death: Improving Fire Safety in Federally Assisted Housing.
CDFI Fund Awards $26 Million to Banks that Increased Investments in Severely Distressed Communities
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $26 million in awards to 158 FDIC-insured banks, through the fiscal year (FY) 2021 round of the Bank Enterprise Award Program (BEA Program), for increasing investments to communities experiencing severe economic distress across the nation.
Senate Advances FHA Commissioner Nomination
Yesterday, the Senate voted to discharge the nomination of Julia Gordon to serve as commissioner of the Federal Housing Administration/deputy secretary of HUD’s Office of Housing.
Treasury Details ERA 2 Reallocation Process
The Department of the Treasury published plans for reallocation of unspent dollars from the Emergency Rental Assistance program authorized under the American Rescue Plan Act (ERA 2).