General News

Oregon Housing and Community Services (OHCS) announced monumental progress in improving housing outcomes for all Oregonians with the release of the final report on Oregon’s first-ever Statewide Housing Plan (SWHP).   

CDFI announced the next round of the New Markets Tax Credit Program (NMTC Program) will make $10 billion in Allocation Authority available, and the round will span calendar years (CYs) 2024 and 2025.

The Department of Housing and Community Development (DHCD) has compiled a list of questions submitted regarding the 2024 Consolidated Request for Proposals (RFP) for Affordable Housing Projects.

Governor Gavin Newsom today announced nearly $130.7 million in Encampment Resolution Funding (ERF) program grants to help 18 cities, counties, and Continuums of Care (CoCs) resolve critical encampment concerns, address the housing and health and safety needs of 3,364 people living in encampments, and permanently house 1,565 people. 

California Gov. Gavin Newsom recently signed into law a bill that expands the existing California Tax Credit Allocation Committee (CTCAC) limit on rent increases for tenants in properties financed by low-income housing tax credits (LIHTCs) or private activity bonds (PABs).

Oregon Housing and Community Services (OHCS) announced that Last Gap resources are reaching full subscription.

The State of Kansas will conduct a public hearing to provide an opportunity for citizens to review and comment upon the preliminary draft of the 2025 Action Plan of the 2024–2028 Kansas Consolidated Plan.

The Department of Housing and Community Development (DHCD) announced the application link for the 2024 Consolidated Request for Proposals for Affordable Housing Projects is live. 

The Connecticut Housing Finance Authority (CHFA) and the Connecticut Department of Housing (DOH) announced that the bi-annual Development Engagement Process (DEP) opened Sept. 23, 2024 for approximately five weeks for developers seeking state financial assistance or LIHTCs for projects throughout Connecticut.  

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $5 billion in New Markets Tax Credits that will spur investment and economic growth in low-income urban and rural communities nationwide.

HUD released fair market rents (FMR) for fiscal year 2025 on Aug. 14, 2024, with an effective date of Oct. 1, 2024.  

The Ohio Housing Finance Agency (OHFA) Board approved financing from various programs to support two housing developments.