News
Oregon’s 2023 Legislative Highlights
Oregon Housing and Community Services (OHCS) announced that it secured $1.14 billion in housing investments to address the needs of Oregonians.
Comments on HUD’s Proposed FMR Calculation Methodology Due July 24
HUD issued a notice with proposed changes to calculate fair market rents (FMRs), including a change in the definition of “recent mover” to include residents who have lived in their current household for 11 months or less and to retain and to expand the use of rent inflation factors calculated by private-sector sources.
Urban Institute Releases Housing Shortage Study
The Urban Institute released a study via the Stories and Data Tools to examine the current housing shortage in the U.S. and how zoning near transit can assist with tackling this issue.
HUD Removes $25 Million Loan Cap for Projects in LIHTC Pilot Program
HUD’s Office of Multifamily Housing Programs issued a memo, which removes the $25 million loan cap for the LIHTC Pilot Program.
HUD Publishes Final NSPIRE Inspection Standards & GRRP FAQs
HUD published the Final Inspection Standards Notice for the National Standards for the Physical Inspection of Real Estate (NSPIRE). HUD also announced that they have posted answers to new Frequently Asked Questions for the Green and Resilient Retrofit Program (GRRP) based on the May 23 webinar.
FHFA Submits Annual Report to Congress
The Federal Housing Finance Agency (FHFA) released its 2022 Report to Congress.
OHCS Releases Four Percent/PAB NOFA
Oregon Housing and Community Services (OHCS) announced the release of the 2023 4% LIHTC and PAB Notice of Funding Availability (NOFA).
NIFA Revised QAP Draft
The Nebraska Investment Finance Authority (NIFA) announced that the 2024-2025 LIHTC QAP revised draft documents are now available.
New Hampshire Nine Percent Pre-Application Deadline and QAP Forum
New Hampshire Housing changed the due date for pre-applications for the competitive 9% LIHTC application round.
JCHS Releases State of the Nation’s Housing 2023 Report
The Joint Center for Housing Studies (JCHS) of Harvard University released the 2023 edition of its annual State of the Nation’s Housing Report.
CDFI Annual Compliance, Certification and Reporting Obligations
The Community Development Financial Institutions (CDFI) Fund announced that authorized representatives of either a CDFI or an organization that received an award must submit the Annual Certification and Data Collection Report (ACR) to maintain CDFI Certification status.
House Ways and Means Chairman Smith Releases Tax Priorities – LIHTC Not Included
House Ways and Means Chairman Jason Smith (R-MO) released The American Families and Jobs Act, an opening salvo for a year-end tax package. The package focuses primarily on extensions of expired business-related tax credits from the Tax Cuts and Jobs Act of 2017.