Federal / Agency News
NLIHC, PAHRC Update National Housing Preservation Database
The National Low Income Housing Coalition (NLIHC) and Public and Affordable Housing Research Corporation (PAHRC) updated its National Housing Preservation Database with new data for properties assisted by Section 8 Project-Based Rental Assistance, LIHTCs, Public Housing, HUD-insured mortgages, Section 202 Direct Loans, Section 515 mortgages, Section 538 Guaranteed Loans, fair market rent and Real Estate Assessment Center scores.
111 Representatives Sign Dear Colleague Letter Supporting the Inclusion of Affordable Housing in Reconciliation
A Dear Colleague letter, led by Reps. Suzan DelBene (D-WA) and Don Beyer (D-VA), asking Speaker of the House Nancy Pelosi (D-CA) and House Minority Leader Kevin McCarthy (R-CA) to include LIHTC provision in the partisan reconciliation package was signed by 111 representatives.
Estimating the Scale of the Eviction Crisis: 750K at Risk of Eviction, 61 Percent of Households Yet to Apply for ERAP
A leaked report from Goldman Sachs released Sunday estimates that about 750,000 households could face eviction later this year unless Congress acts or rental assistance funds are distributed more quickly.
Treasury Issues New Guidelines to Speed Rental Assistance Processing
The U.S. Treasury Department released new policy guidelines Aug. 25 aimed at speeding processing of Emergency Rental Assitance Program (ERAP) funds.
House Advance Partisan Reconciliation Package
The House Aug. 24 passed the Senate-passed budget reconciliation instructions with a 220-212 party-line vote (S.Con.Res.14).
Senator Wyden to Introduce DASH Act
Senate Finance Committee Chairman Ron Wyden (D-OR) has released the text of his soon to be introduced Decent, Affordable, Safe Housing for All (DASH) Act (full text, overall summary, section by section summary).
NCSHA Urges IRS and Treasury to Extend Housing Credit COVID-19 Relief
NCSHA sent the Internal Revenue Service and U.S. Department of the Treasury a letter urging them to extend certain temporary Housing Credit relief provisions in light of the COVID-19 pandemic’s continuing disruption of development and construction activities and the ongoing operation of Housing Credit properties.
CDC’s New Eviction Moratorium Withstands First Court Challenge
Last week, U.S. District Judge Dabney Friedrich upheld the eviction moratorium that the Centers for Disease Control and Prevention (CDC) issued on August 3.
Help Get the Word Out about the Child Tax Credit
The American Rescue Plan Act increased the amount of and number of people eligible for the Child Tax Credit. Low-income families with children are eligible for this tax relief – including those who have not made enough money to be required to file taxes.
HUD & FHFA Enter into Fair Housing, Lending MOU
HUD and the Federal Housing Finance Agency (FHFA) entered a Memorandum of Understanding (MOU) to enhance their enforcement of the Fair Housing Act. The MOU allows HUD and FHFA to enforce fair housing and fair lending requirements by promoting information sharing, coordination on investigations, compliance reviews and the ongoing monitoring of Fannie Mae and Freddie Mac.
Senate Passes Bipartisan Infrastructure Bill, Partisan Reconciliation Bill
The Senate voted 69-31 August 10 to pass the bipartisan $1.2 trillion infrastructure package (with $550 billion in new spending), the Infrastructure Investment and Jobs Act (H.R. 3684). All 50 Democrats and 19 Republicans voted in favor of the bill. This legislation does not include any LIHTC provisions, but it does include several housing-adjacent provisions.
Senate Appropriations Committee Advances FY 2022 Rural Development Funding
The Senate Appropriations Committee advanced its FY 2022 appropriations bill for Agriculture, Rural Development, and the Food and Drug Administration. The bill contains substantial funding increases for several USDA rural housing programs, including $1.45 billion for rural rental assistance, an increase of $40 million.