News

HUD

HUD a Part of New National Climate Task Force

In a new executive order, President Joe Biden established the National Climate Task Force, which aims to facilitate the organization and deployment of a government-wide approach to combat the climate crisis.

General News

CDC Eviction Moratorium Clarifies No Resubmittal of Declaration Needed

The new order from the Centers for Disease Control and Prevention (CDC), which extends the eviction moratorium through March 31, also clarifies that residents who previously submitted a declaration should not be asked to resubmit and should have continued protections until March 31, 2021. 

IRS

IRS Average Income Hearing – March 24

The Internal Revenue Service will hold a virtual hearing on its Average Income Test proposed rule on March 24 at noon ET. Register by March 22 by emailing [email protected] or contacting Regina Johnson at (202) 317–5177. NH&RA submitted comments and will attend the public hearing.

General News

CDC Extends Eviction Moratorium through March 31, 2021

The Centers for Disease Control and Prevention (CDC) extended its eviction moratorium through March 31, 2021. In his American Rescue Plan, President Joe Biden calls on Congress to extend its current eviction moratorium, which expires on January 31, 2021, through September 30, 2021.

HUD

Biden Administration Fills out HUD Positions

Matt Ammon is currently serving as acting HUD secretary. He was most recently the general deputy assistant secretary for Policy Development and Research at HUD. The Senate Committee on Banking, Housing and Urban Affairs will hold a nomination hearing for Rep. Marcia Fudge on January 28 at 10 a.m. ET.

Treasury

Dr. Yellen Confirmed as Treasury Secretary

The Senate confirmed Dr. Janet Yellen as Treasury Secretary in an 84-15 vote, she is the first woman to ever hold the position. Secretary Yellen was the third cabinet official to be confirmed by the Senate, indicating President Joe Biden’s focus on the economy. Dr. Yellen previously served as chair of the Federal Reserve from […]

HUD

White House Memo on Fair Housing, Disparate Impact

The memo directs HUD to examine two rules from the Trump administration for their impact on the federal government’s ability to affirmatively further fair housing, as required by the Fair Housing Act of 1968.

HUD

Section 18 Update Offers New Section 18/RAD Blends & Other Flexibilities

On January 19, HUD published Notice PIH 2021-07 superseding and replacing its 2018 Section 18 notice regarding the demolition and/or disposition of public housing property, eligibility for tenant protection vouchers (TPV) and associated requirements.

NH&RA News

New SAHF Report Equity and Well-Being in Affordable Housing: Starting with Voice and Choice

Through focus groups with residents and interviews with front line staff, Stewards of Affordable Housing for the Future (SAHF) has identified some early steps for lifting up the voice and agency of residents of affordable housing properties in a new report and blog post.

Presidential Seal

President Biden Unveils $1.9 Trillion American Rescue Plan

President Joe Biden recently unveiled his COVID-19 and economic recovery plan. Of interest to our members, the sweeping $1.9 trillion plan calls for another round of $1,400 stimulus payments to individuals, an eviction moratorium on federal guaranteed mortgages until September 30, 2021, an additional $30 billion for rental assistance ($5 billion of which is dedicated to home energy and water costs and arrears), $5 billion in emergency assistance to help secure housing for people experiencing or at risk of homelessness.

Treasury

Housing Featured During Treasury Secretary Confirmation Hearing

Affordable housing, evictions, housing finance reform, and the LIHTC came up several times during the confirmation hearing for Treasury Secretary nominee Dr. Janet Yellen. During her questioning Senator Maria Cantwell (D-WA) reiterated the importance of affordable housing saying, “I look forward to working with you to increase Affordable Housing Tax Credits.”

IRS

IRS Extends COVID-Related LIHTC, Opportunity Zones Relief

Internal Revenue Service Notice 2021-12 extends the temporary relief for qualified LIHTC projects. The 10 percent test for carryover allocations and the 24-month minimum rehabilitation expenditure period are extended until September 30. The deadline for income recertifications and compliance monitoring is extended until October 1 and the placed-in-service deadline is extended to December 31.

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