News
HUD Revises Fiscal Year 2026 Fair Market Rents for 7 Areas
HUD issued a notice revising the fiscal year 2026 Fair Market Rents (FMRs) for affected areas based on additional survey data reflecting estimated 40th percentile rent levels trended to FY 2026: Revised FMRs are effective May 21, 2026. HUD also released a summary of the most significant concerns and responses from the 21 comments received […]
USDA Accelerates Rural Housing Delivery Amid FY 27 Budget Debates
The USDA issued a final rule to streamline environmental reviews: Effective April 3, the rule consolidates NEPA requirements across USDA agencies, including Rural Development, reducing regulations by 66% and cutting environmental review timelines by up to 80%, potentially accelerating rural housing development. USDA aligned multifamily rental assistance with HUD: USDA’s final rule aligned income and […]
AHIC Updates Liquidity, Net Worth Underwriting Guidelines
The Affordable Housing Investment Council (AHIC) announced an update to its guidance on sponsor and guarantor liquidity and net worth, replacing fixed-dollar minimum thresholds with a risk-calibrated underwriting framework. The changes are reflected primarily in an expanded Appendix II of AHIC’s Guarantor Analysis Guidelines, with conforming edits to the relevant section of the 2018 AHIC […]
76 Bipartisan House Members Urge Revisions to BTR Provision in Senate’s Housing Bill
A bipartisan House coalition of 76 lawmakers from the Build America Caucus and Congressional Real Estate Caucus sent a letter urging House leadership to “strip or substantially revise” language targeting large institutional investors in single-family housing in the Senate’s 21st Century ROAD to Housing Act. What They’re Saying: The provision in the housing package “would […]
BABA Industry Sign-On Letter
NH&RA and housing industry partners are circulating a BABA Housing Implementation proposal sign-on letter to share with Hill offices. Go Deeper: The letter outlines BABA’s application to affordable housing, recommends waiver process solutions, and suggests ways to support domestic manufacturing without hindering affordable housing programs. Call to Action: If you would like to sign on, […]
Minnesota 2026 Housing and Community Development Action Plan Notice
The State of Minnesota is developing its 2026 Housing and Community Development Action Plan and wants your feedback. This plan reflects year five of the state’s 2022-2026 Consolidated Plan, which examines the housing and community development needs of the state and sets priorities for allocating U.S. Department of Housing and Urban Development (HUD) funds. Public […]
Connecticut Development Engagement Process Now Open Through May 22
The Department of Housing (DOH) in collaboration with the Connecticut Housing Finance Authority (CHFA) are inviting your participation in the DEP Spring 2026. The DEP Spring 2026 facilitates continued management of a pipeline of potential projects for future funding opportunities. It is also used by those who will be seeking CHFA Low-Income Housing Tax Credits […]
Colorado 2026 Middle-Income Housing Tax Credit Letters of Intent
The 2026 Middle-income Housing Tax Credit (MIHTC) Letter of Intent (LOI) report is now available on CHFA’s website. The report lists affordable housing developments and their sponsors who intend to apply for MIHTC.
Delaware Workforce Housing Program Draft Guidelines Now Available; Public Comment Closes Friday
The Delaware State Housing Authority (DSHA) received $5 million for the Delaware Workforce Housing Program, established by Senate Bill 22, to increase the amount and quality of available workforce housing in Delaware. DSHA has posted a draft of the proposed guidelines for the Workforce Housing Program online. Any qualified workforce housing investor making a qualified workforce housing investment Level […]
FHEO Rescinds Fair Housing Guidance Documents
HUD’s Office of Fair Housing and Equal Opportunity (FHEO) withdrew several guidance documents related to Fair Housing following a review. The rescinded guidance includes the following, with September 17, 2025 as the effective date of withdrawal:
HUD Appoints Bonitta Smith as Southeast Regional Director
The Office of Multifamily Housing Programs announced the appointment of Bonitta Smith as the Multifamily Southeast Regional Director. With more than 30 years of experience in Multifamily Housing, Bonitta brings a comprehensive perspective shaped by her work across Production, Asset Management, and leadership roles in both the public and private sectors. She served as Acting […]
HUD Issues Notice Implementing NSPIRE and HOME Final Rules and Extending Compliance Deadlines
HUD published a notice regarding the National Standards for the Physical Inspection of Real Estate (NSPIRE) rule published in May 11, 2023, and implementing the property standards and inspection provisions set forth in the “HOME Program Updates and Streamlining” rule published on June 6, 2025.