News

The House is likely to have a floor vote on Thursday for a two-week continuing resolution to avoid a government shutdown Friday at midnight. The potential for snags could come from Democrats and Conservative Republicans alike, for differing reasons.

To support a growing number of users, HUD’s Office of Multifamily continues to train staff and the CNA e-Tool team has provided many resources.

To be excluded from the caps, loans for water and energy efficiency improvements must demonstrate at least a 25% energy or water savings.

This will give nonprofit borrowers a needed edge to compete with market rate developers, helping save naturally affordable properties from common issues including deterioration, abandonment, and gentrification. 

If a PBRA HAP contract is terminated or expires and is not renewed, HUD is authorized to transfer any remaining budget authority to either a new or an existing PBRA HAP contract to provide assistance to eligible families. HUD provides a list of potential properties which are eligible for an 8(bb) transfer, which will be useful to owners who are interested in transferring their PBRA budget authority.

A new report published by the Bipartisan Policy Institute, finds that properties financed through the LIHTC have contributed to social, economic, and educational benefits for communities and families, as well as helped reduce homelessness.

Congressman Smucker (R-PA) is requesting signatures for a letter urging Speaker Paul Ryan and Chairman Kevin Brady to preserve the Historic Tax Credit (HTC) and make the New Markets Tax Credit (NMTC) permanent. The letter is open to House Republicans and it closes TODAY, Wednesday, November 29th at 7 p.m. Eastern. 

The Notice, issued November 15, supersedes and replaces the guidance provided in Notice PIH 2015-13 and clarifies HUD’s interpretation of the statutory amendment related to flat rents.

HUD has published PBV contract documents incorporating the changes made by the RAD rider directly into the standard PBV HAP contract.

This training will focus on the role of PHAs reviewing the e-Tool provided by an independent assessor and then submitting the e-Tool to the RAD Resource Desk as part of the PHA’s Financing Plan submission.

H.R.4258, introduced by Reps. Sean Duffy (R-WI) and Emanuel Cleaver (D-MO), would permanently reauthorize the Family Self Sufficiency (FSS) Act. The bill also makes several improvements.

Rep. Randy Hultgren (R-IL-14) is circulating a letter to House and Senate leadership opposing the proposed elimination of tax exempt private activity bonds in the House’s version of the Tax Cuts and Jobs Act (H.R. 1), focusing on the need for private activity bonds to support investments in our nation’s infrastructure.