News
CDEs Going Above and Beyond in New Compliance Study of New Markets Tax Credit
A recent report commissioned by the CDFI Fund not only found full compliance amongst all Community Development Entities (CDEs) reviewed, but also found that CDEs generally exceeded minimum financing thresholds mandated by the IRS.
HUD Releases Training Videos on Rent Comparability Studies
HUD posted on YouTube a series of four video training sessions on Chapter 9 of the Section 8 Renewal Policy Guide, “Rent Comparability Studies.” These videos provide in-depth training on preparing and reviewing rent comparability studies (RCS).
Senate Finance Committee Holds Hearing on Affordable Housing
In a bipartisan show of support for affordable housing, members of the Committee from both sides of the aisle acknowledged the need for more affordable housing and the role of the Low-Income Housing Tax Credit (Housing Credit) as our nation’s primary tool for increasing the supply of affordable rental housing.
Senate Appropriations Subcommittee Bill Advances With $1.4 Billion Increase Over FY2017
The 3.5% increase over last year is in contrast to the House’s current appropriations bill, which calls for a 1.3% decrease to HUD’s appropriation.
HUD Reorganizes Senior Executive Services Members
Dominque Blom named new General Deputy Assistant Secretary For Public and Indian Housing.
FY 2017 Capital Magnet Fund Workshop Registration Closes 7/14
Registration is now open to attend in-person application workshops for the fiscal year (FY) 2017 application round of the Capital Magnet Fund.
“Now or Never” for GSE Reform
Federal Reserve Governor Jerome Powell delivered remarks last week at American Enterprise Institute and gave his opinion on reforming the Government Sponsored Enterprises Fannie Mae and Freddie Mac.
HUD Appropriations Bill Advances to Full Committee Without Amendment, 1.3% Reduction Over 2017
T-HUD Bill Goes Through Committee Mark-Up, Forwarded to Full Committee Without Amendment.
Congresswoman Maxine Waters Introduces Bill to Fully Fund Public Housing
The Public Housing Tenant Protection and Reinvestment Act of 2017 would reform several rules related to public housing, as well as fully fund the public housing stock.
FHFA Releases Estimates for 2018-2020 GSE Housing Goals, Comments Due 9/5
The Federal Housing Finance Agency recently proposed benchmark goals for Fannie Mae and Freddie Mac (the “GSEs”) in serving low income households for both single and multifamily.
HUD Publishes New Sec. 8 Renewal Policy Guide
On June 30, 2017, HUD published its new Section 8 Renewal Policy Guide. Read on for a summary of changes.
First Drafts of House Spending Bills Come in Higher than White House Budget Proposal
While The Office of Management and Budget requested $462 billion for nondefense discretionary spending, House appropriators have decided to draft allocations assuming a $511 billion topline instead.