News

The Community Development Financial Institutions (CDFI) Fund released an updated frequently asked questions (FAQ) document concerning compliance for the New Markets Tax Credit (NMTC) incentive.

The Pennsylvania Housing Finance Agency (PHFA) announced a reminder to submit the full nine percent application by Jan. 11, 2024 at 5:00 p.m. ET in both hard copy and electronic format.

There are 47 days between now and the end of the year and only two days until the government runs out of funding under the current continuing resolution (CR).

In Revenue Procedure 2023-2024 the Internal Revenue Service (IRS) increased the 2024 nine percent LIHTC ceiling to the greater of $2.90 multiplied by the state population or $3,360,000.

HUD’s Office of Community Planning and Development (CPD) issued Notice CPD-23-12 providing implementation guidance for Build America, Buy America (BABA) domestic sourcing requirements for CPD programs, including the HOME Investment Partnerships program and Housing Trust Fund.

HUD and the Advisory Council on Historic Preservation (ACHP) announced that interested parties can apply for the 2024 ACHP/HUD Secretary’s Award for Excellence in Historic Preservation award.

The Federal Housing Finance Agency (FHFA) announced that the 2024 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) are $70 billion for each Enterprise, for a combined total of $140 billion to support the multifamily housing market.

The Kentucky Department for Local Government (DLG) is seeking input from communities affected by the flooding from July 2022.

Oregon Housing and Community Services (Affordable Rental Housing Division) announced an open Request for Applications (RFA) for the Modular Housing Development Fund (MHDF).

The U.S. Department of Transportation (DOT) is hosting a series of webinars for audiences interested in the potential use of the Railroad Rehabilitation and Improvement Financing (RRIF) and Transportation Infrastructure Finance and Innovation Act (TIFIA) programs to finance transit-oriented development (TOD) projects, including commercial-to-residential conversions.

The Federal Housing Finance Agency (FHFA) issued a Request for Input (RFI) on Fannie Mae and Freddie Mac’s (the Enterprises’) proposed modifications to their 2022-2024 Duty to Serve Plans.  FHFA will accept comments through December 6 via this form.

HUD’s Office of Policy and Development Research submitted its Worst Case Housing Needs 2023 Report to Congress, showing that worst-case housing needs reached a record high of 8.53 million renter households in 2021.