Treasury Department
Treasury Report on Second Anniversary of American Rescue Plan Act
To mark the second anniversary of the American Rescue Plan Act of 2021 (ARPA), the U.S. Department of the Treasury released a report with new data illustrating the extent to which this funding supported both immediate pandemic recovery and long-term economic growth.
CDFI New Markets Tax Credit Program
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announces that it received 197 applications for the calendar year (CY) 2022 round of the New Markets Tax Credit Program (NMTC Program).
Treasury: New Global Minimum Tax Guidance Will Protect LIHTC
The Department of the Treasury announced that all 142 countries and jurisdictions, including the U.S., participating in the Organization for Economic Cooperation and Development (OECD) and Group of Twenty’s (G20) effort to establish a new 15 percent global minimum tax (GMT) have come to a consensus and released guidance on the GMT’s implementation worldwide.
Treasury Awards $690 Million in Reallocated ERA Funds for Eviction Protection Activities
The Department of the Treasury announced it will reallocate $690 million of Emergency Rental Assistance (ERA) program funding to assist with preventing evictions.
Treasury Issues More Notices Seeking Input on Clean Energy Provisions of IRA
The U.S. Department of the Treasury issued three notices requesting public input on climate and clean energy incentives included in the Inflation Reduction Act, following six notices issued in October.
Secretaries Fudge and Yellen Tout President Biden’s Plan to Boost Affordable Housing
An op-ed by Treasury Secretary Janet Yellen and U.S. HUD Secretary Marcia Fudge calls President Biden’s plan to boost affordable housing both unprecedented and necessary.
White House Updates Progress on Housing Supply Action Plan
The Biden-Harris administration announced progress on implementing its Housing Supply Action Plan.
Treasury Guarantees $355 Million in Bond Funding for Projects in Low-Income Communities
The. U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced three guarantees totaling $355 million under the Community Development Financial Institution (CDFI) Bond Guarantee Program.
Treasury Webinar on SLFRF for Affordable Housing Production, Preservation – Aug. 10
The Department of the Treasury will hold a webinar on how State and Local Fiscal Recovery Funds (SLFRF) can be used for affordable housing production and preservation.
New Treasury Guidance Adds Flexibility for Unobligated ERA 2 Dollars
The U.S. Department of the Treasury recently updated its Frequently Asked Questions (FAQs) guidance for the Emergency Rental Assistance (ERA) program to provide additional flexibilities under the American Rescue Plan Act for ERA 2 dollars that are unobligated as of Oct. 1, 2022.
Treasury Releases Guidance Updates, How-to Guide to Increase Investments in Affordable Housing Using ARP Funds
The U.S. Department of the Treasury announced new guidance to increase the ability of state, local and tribal governments to use American Rescue Plan (ARP) funds to boost the supply of affordable housing in their communities.
CDFI Fund Releases Updated Program Eligibility Information
The Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has established a plan for releasing updated program eligibility information based upon Census Bureau data from the 2016-2020 American Community Survey (ACS).