News

Joseph Otting, acting director of the Federal Housing Finance Agency (FHFA), told employees that the administration would not wait on Congress to overhaul the nation’s housing finance system. According to remarks obtained by POLITICO at a Jan. 17 FHFA staff meeting Otting said, in the next two to four weeks you’re going to be able […]

Love for Opportunity Zones will be in the air this Valentine’s Day at the IRS hearing on its proposed Opportunity Zones regulations. The hearing, which was originally scheduled for Jan. 10 and postponed because of the government shutdown, will be at 10 am ET on Feb. 14 in the IRS Building Auditorium in Washington, DC. To be placed on the building access list to attend the hearing, contact Regina Johnson at (202) 317-6901.

Seven Senators and nine members of the House of Representatives sent a letter to Treasury Secretary Steven Mnuchin in which they praise and raise concerns about Treasury’s proposed regulations. The signatories urge Sec. Mnuchin to address remaining questions on investments in operating businesses.

H.J. Res 28 was passed and signed into law on Friday, Jan. 25, ending the 35-day partial government shutdown. With funding secured through Feb. 15, lawmakers in the House and Senate have agreed to go to conference to negotiate a Department of Homeland Security funding bill. Funding for the rest of the government will likely […]

The New Markets Tax Credit (NMTC) Coalition is gathering signatures from organizations for a sign-on letter urging Congress  to pass a permanent extension and expansion of the NMTC, which is set to expire at the end of 2019. NH&RA signed the letter and urges our members to do so as well. The deadline to sign-on is Feb. 8.

The Campaign for Housing and Community Development Funding (CHCDF) is circulating a sign-on letter calling on Congress and President Trump to end the government shutdown and ensure affordable housing and community development programs receive robust funding. NH&RA signed the letter and urges our members to do so as well.

The California Housing Finance Agency (CalHFA) Mixed-Income Program (MIP) is funded by the Building Homes and Jobs Act signed into law in 2017. Beginning in 2019, and continuing on an annual basis, CalHFA will receive 15 percent of the Building Homes and Jobs Act Fund, expected to be $30 – $45 million, to provide residential […]

Applications for the Affordable Housing and Sustainable Communities (AHSC) Notice of Funding Availability (NOFA) are due on Feb. 11. The AHSC program seeks to reduce greenhouse gas emissions through projects that implement land-use, housing, transportation, and agricultural land preservation practices to support infill and compact development. For the fourth round, $395 million in funding is available.

On Jan. 31 from 9 – 11:30 am ET the New Hampshire Housing Finance Authority (NHHFA) and the Community Development Finance Authority (CDFA) will host a discussion on financial and technical resources available for energy audits and energy upgrades at multi-family housing properties.

Governor Andrew Cuomo (D-NY) recently gave his State of the State address and released his FY2020 Executive Budget, outlining his priorities for the current legislative session.

Senators John Hoeven (R-ND) and Ron Wyden (D-OR) reintroduced the Move America Act. The bill would expand tax-exempt private activity bonds (PAB) and create a new infrastructure tax credit (Move America Equity Credits), to help fund infrastructure projects through private-public partnerships. According the Joint Committee on Taxation, the bill would leverage $8 billion in federal investment into $226 billion worth of bond authority over the next 10 years or up to $56 billion over 10 years in tax credits.

34 U.S. Senators and 138 U.S. Representatives signed onto a Jan. 17 letter to President Trump, raising concerns about the impact of the shutdown on the people who rely on federal housing assistance. The letter urges the President to “end this shutdown and provide immediate relief to Americans being impacted by this funding crisis.”