News
CDFI Fund Opens 2016 Funding Round for Capital Magnet Fund
Funds are available to CDFIs and qualified non-profit organizations. Capital Magnet Fund awardees are able to utilize funds to create financing tools such as loan loss reserves, revolving loan funds, risk-sharing loans, and loan guarantees. Applications are due March 16.
HUD Seeks to Boost Energy Efficiency With Lower FHA Mortgage Insurance Premiums
HUD is proposing to reduce 2016 FHA Mortgage Insurance Premiums for affordable housing and green and energy efficient housing. HUD is accepting comments on the proposal through February 29. The changes would go into effect April 1.
CDEs Request $17.6B in NMTC Allocations in 2015 Round
The CDFI Fund received 238 applications for New Markets Tax Credit allocations from 43 states, the District of Columbia, Puerto Rico, and Guam. The CDEs requested more than 5 times the available authority of $3.5 billion.
HUD Offers Funds in Search for Senior Housing Solutions
Funding made available under this NOFA must be used to fund supportive services in eligible existing HUD-assisted multifamily developments targeted to elderly households. Applications are due no later than Monday, April 18, 2016.
HUD Posts FAQ for PFS Permanent Supportive Housing Demonstration
HUD released answers to frequently asked questions regarding the Pay for Success Permanent Supportive Housing Demonstration. The demonstration aims to develop a model for a population continuously cycling between the criminal justice system and homeless services.
NH&RA Attends HUD RAD Listening Session on Fair Housing
On Tuesday, January 5, HUD hosted a listening session focused on fair housing standards related to HUD’s Rental Assistance Demonstration program. Before attending the session, NH&RA Executive Director worked with our RAD User Group to compile feedback for HUD officials. During the session, developers, public housing authorities, and fair housing advocates provided comments to senior and program leadership from HUD offices involved in public housing, multifamily housing and fair housing.
HUD Publishes Fair Housing Resources
Local governments and their partners who receive CDBG, HOME, ESG, or HOPWA formula funding from HUD will use the AFFH Assessment Tool.
January 2016 Green Tax Incentive Compedium
The volume presents certain federal and state tax incentives promoting the renewable energy and energy efficiency industries. It includes the recent energy tax credit extensions in the 2015 PATH Act and the 2016 Consolidated Appropriations Act. Download
CohnReznick Report Reveals Recent Success of LIHTC Program
Across the 20,000-project LIHTC portfolio, occupancy, debt coverage ratio, and cash flow has improved and the number of “underperforming” properties has gone down. CohnReznick will hold a webinar to discuss the report on Thursday, January 21 at 1:00pm ET.
HUD Releases AFFH Assessment Tool
HUD has released the AFFH Assessment Tool that local governments and their partners will use this tool to conduct and submit their own Assessments of Fair Housing if they receive CDBG, HOME, ESG, or HOPWA funds.
Priya Jayachandran Confirmed as HUD DAS for Multifamily Housing
Priya Jayachandran is the new Deputy Assistant Secretary for Multifamily Housing at the U.S Department of Housing and Urban Development. She stepped into the role on December 15, 2015, when Ben Metcalf moved on to lead the California Department of Housing and Community Development.
Tax Legislation Makes Minimum 9% LIHTC Rate Permanent, Includes NMTC Extension
House and Senate approved legislation to establish a permanent minimum 9% Low-Income Housing Tax Credit rate for new construction and substantial rehabilitation and extend the New Markets Tax Credit through 2019.