Federal Reserve Advances CRA Reform

The Board of Governors of the Federal Reserve System (Federal Reserve) unanimously approved the Advance Notice of Proposed Rulemaking (ANPR) on Community Reinvestment Act (CRA) reform. The ANPR uses a data-driven approach and solicits feedback in several areas. Comments are due 120 days after official publication in the Federal Register. NH&RA is still reviewing the ANPR with plans to submit comments and encourages our members to do so as well.

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HUD Published COVID-19, RAD and CARES Guidance

HUD published Notice Housing H-2020-09/PIH-2020-26 on providing supplemental COVID-19 guidance for PHAs and owners converting properties through RAD. The Notice describes the availability of Operating Fund Coronavirus Aid, Relief and Economic Security (CARES) Act funds for public housing properties that have converted or that will convert in calendar year 2020 and that are still supported through public housing appropriations.

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