Federal / Agency News

The Consumer Financial Protection Bureau (CFPB) issued a report March 1 warning of more than 11 million families facing losing their housing due to evictions and foreclosures once federal, state and local pandemic protections come to an end unless additional public and private actions are taken.

Robinson Cole published its updated Green Tax Incentive Compendium. This volume presents federal and state tax incentives promoting the renewable energy and energy efficiency industries.

New data from HUD shows that 57.6 percent of residents in LIHTC properties earn at or below 30 percent of the area median income (AMI). The tenant-level data on people who live in LIHTC properties, including race, ethnicity, family composition, age and other factors. Starting this year, HUD released a document with background on the […]

The U.S. Department of the Treasury released an updated frequently asked questions (FAQ) for the Emergency Rental Assistance (ERA) program established by the Consolidated Appropriations Act (CAA) of 2021 that incorporates many changes called for by affordable housing trade associations.

The Department of Justice recently withdrew the Trump-era HUD appeal in Massachusetts Fair Housing Center v. HUD – a case that challenges the 2020 disparate impact rule, which limited plaintiffs’ ability to bring disparate impact claims.

HUD named the following new staff appointments: Jim Crawford, Special Assistant to the Deputy Secretary, Office of the Deputy Secretary; Lopa Kolluri, Principal Deputy Assistant Secretary for Housing, Department of Housing/Federal Housing Administration; and Gina Metrakas, Senior Advisor for Executive Orders and Executive Actions, Office of the Secretary.

A report from the Center on Budget and Policy Priorities (CBPP) estimates that the $25 billion of emergency rental assistance allocated at the end of 2020, combined with the additional $25 billion in rental assistance proposed in the House COVID-19 relief bill, would assist four to six million low-income households.

NH&RA submitted comments to the Federal Reserve on its Community Reinvestment Act (CRA) advanced notice of proposed rulemaking, urging the Fed to avoid making any changes to CRA that would decrease investment in LIHTC.

At 2 p.m. ET on February 23, HUD’s Office of Housing Counseling (OHC) will hold a webinar to help owners and managers of HUD-assisted or insured multifamily properties who are looking for resources to assist their tenants during the COVID-19 pandemic.

Over 2021, the Community Development Financial Institutions (CDFI) Fund will administer eight program rounds—their six existing programs; the new Small Dollar Loan Program (SDL Program); and the $1.25 billion CDFI Rapid Response Program (CDFI RRP) for COVID-19 pandemic relief.

The Senate Committee on Banking, Housing and Urban Affairs voted 17-7 to approve Representative Marcia Fudge’s (D-OH) nomination to be HUD Secretary. Six Republicans broke party lines to approve her nomination: Senators Kevin Cramer (ND), John Kennedy (LA), Cynthia Lummis (WY), Jerry Moran (KS), Mike Rounds (SD) and Tim Scott (SC).

The Department of the Treasury released a list of state and local governments that will receive grants through the Emergency Rental Assistance (ERA) program. Each state received a minimum of $200 million and jurisdictions with populations greater than 200,000 were eligible to claim the money to distribute.