News
Review of HUD Policy in Opportunity Zones
HUD is seeking comments and recommendations on how to best align HUD policy, practices, planned action, regulations and guidance with Opportunity Zones. This request for information aligns with Executive Order 13853 which created the White House Opportunity and Revitalization Council and directed federal agencies to prioritize or focus Federal investments and programs on urban and economically distressed communities, including qualified opportunity zones. Comments are due on June 17.
HUD FY 2019 RFIFs for HCV Renewals
HUD published the Renewal Funding Inflation Factors (RFIFs) to adjust Fiscal Year 2019 renewal funding for the Housing Choice Voucher (HCV) program of each public housing agency. HUD posted the 2019 table and 2019 data on its website.
AHTCC Sends Letter to FHFA Director
The Affordable Housing Tax Credit Coalition, of which NH&RA is a member, sent a letter to the Federal Housing Finance Agency (FHFA) Director Dr. Mark Calabria to welcome him to his new role and thank him for his comments during the confirmation process on promoting access to affordable housing, retaining the Government Sponsored Enterprises’ (GSE) […]
Virginia Increases FY 2019-2020 VHTF by $4 Million Per Year
The Virginia General Assembly approved an amendment from Governor Northam (D) to increase appropriations for the Virginia Housing Trust Fund (VHTF) by $4 million in FY 2019 and FY 2020. T
HUD Seeks Comments on Sec. 209 Pertaining to Small PHAs – Comments Due April 15
HUD issued a notice on implementing several sections of the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155 of the 115th Congress) that was signed into law by President Trump on May 24, 2018. Section 209 of the bill made several amendments pertaining to small public housing agencies (PHAs) that administer 550 or fewer combined public housing units and vouchers under section 8(o) that predominantly operate in a rural area.
HUD Guidance on Appealing REAC Scores
HUD is directing multifamily property owners/agents and public housing agencies that wish to appeal their REAC physical inspection score to a 2017 document titled Technical Reviews and Database Adjustments Guidelines.
HUD Issues Choice Neighborhoods Planning Grant NOFA
HUD issued the FY 2019 Choice Neighborhoods Planning Grants Notice of Funding Availability (NOFA). The NOFA makes $5 million for Planning Grants and Planning and Action Grants available
HUD Issues Section 202 NOFA
HUD issued a Notice of Funding Availability (NOFA) for Section 202 funds. Section 202 provides Capital Advance funding and project rental subsidies for the development and ongoing operation of supportive rental housing for very low-income persons, aged 62 years or older.
Senate Confirms Calabria as Director of FHFA
On April 4, 2019 the Senate voted 52-44 to confirm Mark Calabria as the director of the Federal Housing Finance Agency (FHFA).
IRS Clarifies Veterans Housing Eligible for Tax-Exempt Bond Financing
The Internal Revenue Service (IRS) released Revenue Procedure 2019-17 which clarifies that preferences for veterans or other specific populations do not violate the general public use requirement for tax-exempt bonds and the Low Income Housing Tax Credit. This guidance comes two weeks after several Senators sent a letter to the IRS requesting clarification.
FHFA Announces NHTF and CMF Payments
The Federal Housing Finance Agency (FHFA) announced the authorization of disbursements from Fannie Mae and Freddie Mac to the National Housing Trust Fund (NHTF) and Capital Magnet Fund (CMF). The NHTF will receive $244.86 million and the CMF will receive 131.84 million.
HFSC Passes the Ending Homelessness Act
The House Financial Services Committee (HFSC) passed the Ending Homelessness Act (H.R. 1856) with a 32-26 vote. The legislation provides $13.27 billion in new funding over five years to federal programs and initiatives to prevent homelessness. It includes funding for new units of affordable housing, new vouchers, case management and technical assistance.