News

congress-capitol

House Financial Services Committee Holds Public Housing Fire Safety Hearing – April 20

On April 20 at noon the Subcommittee on Housing, Community Development and Insurance of the House Financial Services Committee will convene in the Bronx, NY for a hybrid field hearing entitled, A Matter of Life and Death: Improving Fire Safety in Federally Assisted Housing.

Illinois

FHLBank of Chicago Hosts APH Update Webinar – April 21

The Illinois Housing Council and the Federal Home Loan Bank of Chicago will host a webinar on April 21 at 2 p.m. CT to share the latest changes to the Bank’s Affordable Housing Program.

North Carolina

Fannie Mae Hosts EHC Initiative Expansion into Texas and North Carolina Webinar – April 14

Fannie Mae announced the Expanded Housing Choice (EHC) initiative, which aims to increase the acceptance of HUD’s Housing Choice Vouchers (HCVs), at properties in Texas and North Carolina.

QAP Florida

Florida Housing Revises 2022 QAP and Cost Certification, Non-Competitive Application Packages

In response to public comment received during and subsequent to the recent rule development workshops, Florida Housing revised sub-paragraph 67-21.014(2)(r)6., paragraph 67-21.026(12)(e) and paragraph 67-48.0072(17)(f), F.A.C., to read as follows:  Ensure that no construction or inspection work is performed by the General Contractor, with the following exceptions: (i) the General Contractor may perform its duties […]

West Virginia

West Virginia Governor Signs Bills Eliminating State HTC Caps, Creating Middle-Income Housing Tax Exemption and Middle-Income Tax Credit

West Virginia Governor Jim Justice (R) signed legislation that eliminates the transaction cap and the annual statewide cap for the State Historic Tax Credit (HTC).

congress-capitol

CDFI Fund Awards $26 Million to Banks that Increased Investments in Severely Distressed Communities

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $26 million in awards to 158 FDIC-insured banks, through the fiscal year (FY) 2021 round of the Bank Enterprise Award Program (BEA Program), for increasing investments to communities experiencing severe economic distress across the nation.

Michigan

Michigan Adopts Procedures for State HTC Certifications

The Michigan Strategic Fund has adopted procedures for taxpayers to request certain certifications to receive the State Historic Tax Credit (HTC).

Pennsylvania

FHLBank Pittsburgh Announces Affordable Housing Resources Available in 2022

The Federal Home Loan Bank of Pittsburgh’s Affordable Housing Program (AHP) will open June 28, with approximately $7 million available.

California

CHP Releases 2022 California Affordable Housing Needs Report

Key findings from the California Housing Partnership’s annual Affordable Housing Needs Report include:  

HUD

Senate Advances FHA Commissioner Nomination

Yesterday, the Senate voted to discharge the nomination of Julia Gordon to serve as commissioner of the Federal Housing Administration/deputy secretary of HUD’s Office of Housing.

NCSHA

Treasury Details ERA 2 Reallocation Process

The Department of the Treasury published plans for reallocation of unspent dollars from the Emergency Rental Assistance program authorized under the American Rescue Plan Act (ERA 2). 

Treasury

Treasury Reallocates $1 Billion in ERA 1 Funding to States, Localities and Tribes

The U.S. Department of the Treasury announced the second round of reallocations from the Emergency Rental Assistance (ERA) program.

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