Federal / Agency News

General News

2021 LIHTC National Pool is $7.8 Million–Highest Amount in more than 25 Years

Revenue Procedure 2021-44 from the Internal Revenue Service (IRS) allocates nearly $7.8 million–the largest amount in 26 years–of unused LIHTCs to 29 states. $7,797,915 in unused credits will be allocated to states, ranging from $30,789 for South Dakota to $1,357,757 for California.

HUD

Submit Potential Disaster Housing Resources to HUD

HUD is seeking help locating potential resources (vacant units) available to assist with housing survivors displaced as a result of a Presidentially Declared Disaster (PDD). Please complete this form with details of any vacant units, regardless of their connection (or lack thereof) to HUD. While the solicitation is nationwide, HUD and the Federal Emergency Management […]

General News

U.S. Court of Appeals Rules Federal Courts do not have Per Se Jurisdiction in ROFR Cases

The U.S. Court of Appeals for the First Circuit issued a ruling, which affirms a lower court’s ruling that federal courts do not have per se jurisdiction over Right of First Refusals (ROFRs) given to qualified nonprofits or other qualifying organizations under Section 42.

HUD

HUD Climate Adaptation, Resilience Plan Calls for Incorporating Climate Risks into Underwriting

HUD released its climate adaptation and resilience plan, in conjunction with the 22 other federal agencies required to release plans under a January 27 executive order that directed agencies to assess climate risks to their operations.  

General News

Applications for CHAPA’s Neighborhood Emergency Housing Support Program Due Nov. 1

Citizens’ Housing and Planning Association issued a Request for Proposals for its new Neighborhood Emergency Housing Support program.

congress-capitol

Congress Punts on Debt Limit

The House voted to raise the debt limit by $480 billion through December 3, the same day federal appropriations will run out.

HUD

HUD Holds Multifamily Disaster Call – Oct. 14

HUD’s Office of Multifamily Housing Programs will hold a stakeholder call on Multifamily’s ongoing preparedness and response to disasters.

General News

Historic Tax Credit Advocacy Needed

The National Trust Community Investment Corporation recently released this Historic Tax Credit (HTC) advocacy video, narrated by Bob Vila.

HUD

Worst Case Housing Needs Report Shows Increase in VLI Households, Decline in Households Receiving Assistance

HUD released the 18th Worst Case Housing Needs report, which provides national data and analysis of critical housing problems facing very low-income renting families.

Treasury

Treasury Publishes Guidance on Emergency Rental Assistance Reallocation

The Department of the Treasury published new guidance outlining the process for reallocating Emergency Rental Assistance funds.

HUD

HUD Releases 2021 OCAFs, 3.1 Percent Increase Nationwide

HUD released the 2021 operating cost adjustment factors (OCAFs) for project-based rental assistance with an anniversary date on or after Feb. 11, 2022.

General News

Government Shutdown Averted, Remaining Deadlines Loom Large

President Joe Biden signed a continuing resolution bill on  September 30 that averted a federal government shutdown, with funding extended to December 3.

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