News

Presidential Seal

White House Releases Housing Supply Action Plan

On Monday, the White House released a Housing Supply Action Plan with both legislative and administrative actions to help close the housing supply gap in five years.

senate-seal

Julia Gordon Confirmed as FHA Commissioner

On May 12, the Senate voted 50-50, with Vice President Kamala Harris (D) breaking the tie, to confirm Julia Gordon as commissioner of the Federal Housing Administration (FHA).

General News

Support the Eviction Crisis Act

The National Low Income Housing Coalition is leading a sign-on letter for the Eviction Crisis Act (S. 2182), which would create a national eviction database, and a permanent $3 billion grant program for states, local and tribal governments, to provide emergency eviction rental assistance for extremely low-income households.

congress-capitol

NH&RA Joins FSS, Retrofit Sign-on Letters

NH&RA joined a letter urging Congress to include investments to retrofit rental homes to reduce energy costs and emissions and preserve affordable housing, as well as a letter requesting $150,000,000 for the Family Self-Sufficiency (FSS) program in FY23 appropriations. The letter also requests that Congress strike language from past appropriations legislation that prohibited HUD from […]

Federal Reserve, FDIC and OCC Release Joint CRA Proposal

Last week, federal bank regulatory agencies jointly issued a proposal to strengthen and modernize regulations implementing the Community Reinvestment Act (CRA). The proposed rule has the following key elements: Expand access to credit, investment and basic banking services in low- and moderate-income (LMI) communities. Under the proposal, the agencies would evaluate bank performance across the […]

Treasury

Treasury Calls for More Housing Investments via SLFRF

Last week, Deputy Secretary of the Treasury Wally Adeyemo visited an affordable housing services center in the City of Compton in Los Angeles County where he highlighted how California is using American Rescue Plan funds to keep families in their homes and build more affordable housing. California budgeted over $7.4 billion of its State and […]

Treasury

Treasury Says Housing Credit “Should Not Be Impacted” by OECD/Global Minimum Tax Rules

A few weeks ago, NH&RA and several of our partners sent a letter to Treasury Secretary Janet Yellen urging that Community Development Finance Tools be preserved under a New Global Minimum Tax. Last week, the Assistant Secretary for Tax Policy Lily Batchelder singled out breaks for low-income housing, renewable energy and the New Markets Tax […]

Federal Housing Finance Agency

FHFA Announces Fannie Mae’s and Freddie Mac’s Duty to Serve Underserved Markets Plans for 2022-2024

The Federal Housing Finance Agency (FHFA) published the 2022-2024 Underserved Markets Plans for Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) program. 

IRS

IRS Seeks Comments on Priority Guidance Plan 

The Internal Revenue Service (IRS) published Notice 2022-21, inviting public comment on recommendations for items that should be included in their 2022-2023 Priority Guidance Plan. 

HUD

HUD Publishes URA Low Income Limits

The 2022 Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 (URA) – Low Income Limits have been issued on HUD.gov with an effective date of April 18, 2022. The low-income limits are used in connection with rental assistance payment calculations under 49 CFR 24.402(b). 

General News

CT Reminds Applicants of June 1 Deadline & FAQs 

Connecticut Housing Finance Authority reminds developers that the 2022 Housing Tax Credit Contribution (HTCC) applications for funding must be submitted electronically through the SharePoint website using the Consolidated Application Version 2022, no later than 4:00 p.m., June 1, 2022.  

Pennsylvania

Pennsylvania Updates 2022 LIHTC FAQs 

Pennsylvania Housing Finance Agency has uploaded a FAQ document in response to the Q&A session held on April 13.

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