Treasury Department

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

President Joe Biden (D) nominated former Treasury Department official Michael Barr to lead the Federal Reserve’s regulation of the banking system as the central bank’s vice chair for supervision.

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.

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). 

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

National Low Income Housing Coalition (NLIHC) released its Advocates’ Guide 2022: A Primer on Federal Affordable Housing & Community Development Programs & Policies, a comprehensive resource for advocates and others involved in many aspects of affordable housing and community development.

On Monday, the White House released its FY 2023 budget proposal, which requests $71.9 billion in discretionary funding for HUD and $50 billion for “Addressing Cost Pressures and Expanding Economic Capacity.”  

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced that it received 199 applications under the calendar year (CY) 2021 round of the New Markets Tax Credit Program (NMTC Program).

The U.S. Government Accountability Office (GAO) this week released a report calling on government agencies, including the Department of the Treasury, to improve oversight of COVID relief funding.

The U.S. Department of the Treasury recently issued the final rule for the State and Local Fiscal Recovery Funds (SLFRF).

Treasury released new data on the first round of reallocation of Emergency Rental Assistance authorized under the Consolidated Appropriations Act of 2021 (ERA 1).

NH&RA joined with 18 other national housing organizations in a letter to Treasury Secretary Janet Yellen requesting modifications to Treasury’s recent Fiscal Recovery Fund guidance to better align with the LIHTC.

NH&RA and 30 other housing organizations sent a letter to the Department of the Treasury requesting issuance of a final LIHTC average income test minimum set-aside rule.