News
USDA Publishes Proposed Rule Updating Insurance Requirements for Multifamily Housing Programs
The U.S. Department of Agriculture’s Rural Housing Service (RHS) Office of Multifamily Housing announced a proposed rule that would update the insurance coverage and deductible requirements that have been in place since 2004 for its multifamily direct loan and grant programs.
White House Action to Create More Affordable Housing by Converting Commercial Properties to Residential Use
The Biden–Harris administration announced a set of initiatives by several federal agencies to support the conversion of high-vacancy commercial buildings to residential use, including through new financing, technical assistance and sale of federal properties.
California Announces NOFA for $172 Million
The California Department of Housing and Community Development (HCD) released the final National Housing Trust Fund (NHTF) guidelines and Notice of Funding Availability (NOFA) of approximately $172 million.
Virginia Housing Announces Appointment of Interim CEO
Virginia Housing’s Board of Commissioners announced the appointment of Janet Wiglesworth as the housing finance agency’s interim chief executive officer, effective January 1.
AHF Announces 2023 Young Leaders
Congratulations to the NH&RA members with staff members selected as the 2023 Young Leaders by Affordable Housing Finance
Final CRA Rule Includes Impact Factor for LIHTC Investments
The Federal Reserve, Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) released the Community Reinvestment Act Final Rule, factsheet and overview of key objectives. NH&RA submitted comments last year and is still in the process of going through the new regulations.
DOL Publishes Final Rule on Davis Bacon
The Department of Labor (DOL) published the final rule in August that updates regulations issued under the Davis-Bacon and Related Acts.
AHTCC Announces Growing Support for the Credit Improvement Act
The Affordable Housing Tax Credit Coalition (AHTCC) announced that support for the Affordable Housing Credit Improvement Act (AHCIA) of 2023 (H.R. 3238/S. 1557), legislation to expand and strengthen the Housing Credit, has continued to steadily grow.
California Publishes Opportunity Maps
The California Tax Credit Allocation Committee/Housing Community Development (CTCAC/HCD) published the 2024 Draft Opportunity Maps.
NH&RA Green Resources
NH&RA is proud to help our members transition to a clean economy by leveraging resources from the Inflation Reduction Act and the Infrastructure Investment and Jobs Act.
Comments on Advisory Council on Historic Preservation’s Draft Housing Policy Statement Due Nov. 11
The Advisory Council on Historic Preservation is developing a policy statement on housing and historic preservation.
IRS Allocates more than $3.2 Million in Unused LIHTCs to 28 States
In Revenue Procedure 2023-32, the Internal Revenue Service (IRS) allocate more than $3.2 million in unused Federal LIHTCs to 28 states – ranging from $450,249 for Texas to $9,702 for Vermont.