News
Senate Banking Committee Hearing on Consensus Housing Solutions
Last week, the Senate Banking, Housing, and Urban Affairs Committee held a hearing titled “Building Consensus to Address Housing Challenges” that covered a wide range of housing industry issues that make housing unaffordable, including LIHTC, zoning and land use regulation, Housing First strategies to ending homelessness, flood insurance and mortgage fees.
NH&RA Encourages States to Use Weatherization Assistance Program Funding for Multifamily
NH&RA sent a letter to the state offices responsible for administering Weatherization Assistance Program (WAP) funding encouraging them to devote a portion to multifamily affordable housing.
New Bill Would Create Interagency Council on Affordable Housing and Preservation
Rep. Adam Schiff (D-CA) unveiled legislation that would create an interagency council, like the current U.S. Interagency Council on Homelessness (USICH), to analyze and strengthen affordable housing in the U.S.
Susan Rice and Erika Poethig to Leave White House
Susan Rice and Erika Poethig with the White House’s Domestic Policy Council (DPC) are both stepping down.
HUD Outlines Plans to Remove Barriers to Housing for People with Criminal Records, Prohibit Discrimination on the Basis of Disability
HUD announced two plans last week, one centered on Potential Changes to Regulation Requiring Accessibility and Prohibiting Discrimination on the Basis of Disability in HUD-Assisted Programs the other on Removing Unnecessary Barriers to Housing for People with Criminal Records.
New OECD GMT Guidance for Community Development Tax Credits
In a new blog post, Brad Elphick and Peter Lawrence with Novogradac explain the recently released Organization of Economic Cooperation Development (OECD) guidance on the Global Minimum Tax (GMT).
Revisions to the CDFI Certification Application
CDFI announced revisions to its certification application.
RHS Updates Competitive Lender Submission Process for Section 538 GRRHP
The Rural Housing Service updated the process for competitive lender submissions (responses) regarding proposed projects for the Section 538 Guaranteed Rural Rental Housing Program (GRRHP).
Arkansas Governor Signs Bills to Extend State Housing Tax Credit
Arkansas Gov. Sarah Huckabee Sanders signed two bills into law on April 13 that will extend the state’s Historic Rehabilitation Tax Credit for five years and change the tax credit percentage depending on locale.
Senator Scott Announces Housing Framework
On the 55th Anniversary of the Fair Housing Act’s enactment, Senator Tim Scott (R-SC), Ranking Member of the Senate Committee on Banking, Housing and Urban Affairs, announced the Renewing Opportunity in the American Dream (ROAD) to Housing Act framework.
President Biden Vetoes Waters of the U.S. Rule Repeal
The House and Senate voted to rescind the Environmental Protection Agency’s (EPA) Waters of the U.S. (WOTUS) rule via the congressional review act process.
EPA Releases Implementation Framework for Greenhouse Gas Reduction Fund
The Environmental Protection Agency (EPA) released an implementation framework for its new Greenhouse Gas Reduction Fund (GGRF), which will invest $27 billion to finance projects that reduce greenhouse gas emissions and air pollution.