News
HUD Publishes Updated Demolition/Disposition Notice
In late December, HUD published Notice PIH 2024-40, modifying previous guidance (Notice PIH 2021-07) regarding how a public housing agency (PHA) can apply to demolish or dispose of public housing under Section 18 of the Housing Act of 1937.
OZ Working Group Submits Letter to Trump Transition Team Urging Strengthening of OZ Incentive
A letter from the Novogradac Opportunity Zones Working Group to incoming President Donald Trump’s transition team and the nominee for deputy secretary for the U.S. Department of the Treasury calls for the Trump administration to consider regulatory and legislative efforts to enhance and reinforce the opportunity zones (OZ) incentive, including permanency.
Treasury Issues Final Rules for Technology-Neutral Clean Energy Tax Credits
The U.S. Department of the Treasury and Internal Revenue Service (IRS) released final rules for the technology-neutral clean energy tax credits.
Recent HUD Changes Increase Proceeds for Multifamily Developers and Owners
HUD has formally approved changes to the debt service coverage (DSCR) and loan-to-cost (LTC)/loan-to-value (LTV) criteria for 221(d)(4) and 223(f) programs.
Senate Committee on Banking, Housing and Urban Affairs to Hold HUD Secretary Nomination Hearing
On Thursday, Jan. 16, 2025 at 10 a.m. EDT, the Senate Committee on Banking, Housing and Urban Affairs will hold a hearing on the nomination of Eric Turner to be Secretary of the U.S. Department of Housing and Urban Development.
Legislation Proposed to Create Montana Workforce Housing Tax Credit
A bill introduced in the Montana Legislature would create a State Workforce Housing Tax Credit. H.B. 21 would create a State LIHTC for allocation to properties that receive Federal LIHTCs.
Louisiana Housing Corporation Introduces Executive Director Kevin J. Delahoussaye
The Louisiana Housing Corporation (LHC) introduces the agency’s new Executive Director Kevin J. Delahoussaye.
CDFI Fund Posts Updated FAQ Document for CY 2024-2025 NMTC Allocation Application
The Community Development Financial Institutions (CDFI) Fund posted an updated frequently asked questions (FAQ) document concerning the calendar year (CY) 2024-2025 New Markets Tax Credit (NMTC) allocation application.
Oregon Housing and Community Services Post Housing Stability Council Monthly Meeting Reminder
The next Housing Stability Council meeting will be from 9 to 10:45 a.m. on Friday, Jan. 10, 2025.
Oklahoma Housing Finance Agency Posts Notice for all HOME/National Housing Trust Fund Rental Activity Awardees
A HOME and NHTF Rental Activity Annual Report will be due Feb. 28, 2025.
Iowa Finance Authority Announces 2026 Innovation Set-Aside Pre-Application Now Available
At the Iowa Finance Authority, innovation drives our efforts to turn new ideas in housing and finance into impactful realities.
HUD Releases HOME Monthly Reports
HUD has announced that the latest HOME Monthly Reports, as of November 30, 2024, are now available. Why it matters: These reports are crucial for Participating Jurisdictions (PJs) to effectively track and manage their housing initiatives. Details: The bottom line: These reports empower PJs to optimize their housing strategies, ensuring effective use of resources and […]