News

General News

House Appropriations Member Day – May 8 

Member Day hearing for the Transportation, Housing and Urban Development, and Related Agencies subcommittees has been scheduled for May 8 at 10 a.m. ET at 2358-A Rayburn House Office Building for Members can join here.

HUD

HUD Holds Repositioning Office Hours – May 12

HUD’s Office of Recapitalization, Special Applications Center (SAC), Voucher Program and field operations will be available to answer questions about repositioning – particularly questions that other PHAs would benefit from having HUD staff address in a live recorded webinar from 1 to 3 p.m. ET on May 15.

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House Announces Tax Teams

House Ways and Means Chair Jason Smith (R-MO) announced the establishment of ten “Tax Teams,” made up of Republican members of the committee, that will each focus on a specific aspect of tax policy to prepare for what is expected to be major tax legislation next year in advance of the expiration of many provisions from the 2017 Tax Cuts and Jobs Act.

Treasury

Secretary Yellen Testifies Before House Ways & Means Committee

During her testimony before the House Ways and Means Committee Treasury Secretary Janet Yellen said, “President Biden and I are taking additional actions to bring down the cost of key household expenses like energy, prescription drugs and housing.”

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FY 2025 Appropriations Update

In the Senate Appropriations Committee, the Transportation, Housing and Urban Development, and Related Agencies subcommittee held a hearing to review the President’s FY 2025 HUD budget request.

General News

Supreme Court Hears Oral Arguments on Local Bans on Homeless Encampments

On Monday, the U.S. Supreme Court heard oral arguments in City of Grants Pass, Oregon v. Johnson.

HUD

HUD Updates Multifamily Wind and Storm Insurance Policy  

HUD announced an increase in deductibles for wind and named insurance coverage for multifamily properties financed with FHA-insured mortgages as a measure to address rising wind and storm insurance costs in recent years with extreme weather events expected to continue.

Department of Energy

EPA Awards Solar for All Grants, NHT Selected

The Environmental Protection Agency (EPA) awarded grants under the $7 billion Solar for All program, which will create or expand existing low-income solar programs.

USDA Rural Development

USDA Rural Development Decoupling Program Development Stakeholder Session – April 25  

The decoupling of rental assistance from Section 514/515 loans under the Consolidated Appropriations Act of 2024 will now permit properties with Section 514/515 maturing mortgages to continue to receive rental assistance to further preserve affordable housing. A stakeholder engagement session is being held on April 25 at 2 p.m. ET and those interested in participating are encouraged to register.

HUD

Senate, House Hold FY 2025 HUD Appropriations Hearings – April 30 & May 1 

Senate, House Hold FY 2025 HUD Appropriations Hearings – April 30 & May 1 

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Rep. Cole Selected House Appropriations Chair, Rep. Womack Selected as THUD Subcommittee Chair

Representative Tom Cole (R-OK) will chair the full House Appropriations committee, following the retirement of Chair Kay Granger (R-TX) at the end of her term.

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Senate Banking Committee Holds Hearing on Challenges Preserving the U.S. Housing Stock

On April 16, the Housing, Transportation and Community Development Subcommittee of the Senate Committee on Banking, Housing and Urban Affairs held a hearing on Challenges in Preserving the U.S. Housing Stock.

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