Treasury Department
Nomination Hearing for Assistant Secretary of the Treasury, Luke Petit
The Senate Banking Housing and Urban Affairs Committee held a nomination hearing to confirm Luke Petit as assistant secretary of Financial Institutions at the Treasury.
Federal Nomination Updates
The Senate voted 56-43 to confirm Bill Pulte to serve as the next director of the Federal Housing Finance Agency (FHFA).
Treasury Issues Final Rules for Technology-Neutral Clean Energy Tax Credits
The U.S. Department of the Treasury and Internal Revenue Service (IRS) released final rules for the technology-neutral clean energy tax credits.
Treasury Modifies SLFRF, ERA Rules to Amplify Housing Production
The Treasury Department announced updated guidance for the State and Local Fiscal Recovery Fund (SLFRF) and the Emergency Rental Assistance (ERA2) programs, which make it easier for states and local governments to use these programs to build and preserve affordable housing.
Treasury and IRS Provide Guidance for Clean Energy Producers
The Department of the Treasury and the Internal Revenue Service issued Notice 2024-9 that provides procedures for applicable entities to claim the statutory exception to the application of the phaseouts for elective payment projects that begin construction during calendar year 2024 that fail to satisfy the domestic content requirement.
Treasury and IRS Provide Guidance for Clean Energy Producers
The Department of the Treasury and the Internal Revenue Service issued Notice 2024-9 that provides procedures for applicable entities to claim the statutory exception to the application of the phaseouts for elective payment projects that begin construction during calendar year 2024 that fail to satisfy the domestic content requirement.
Treasury and IRS Release Proposed Regulations for Production Tax Credit
The U.S. Department of the Treasury and Internal Revenue Service (IRS) released proposed regulations regarding the Production Tax Credit (PTC) for hydrogen under Section 45V of the Internal Revenue Code
CDFI Fund Announces $300 Million in Guarantees
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced that they agreed to issue three guarantees totaling $300 million under the CDFI Bond Guarantee Program.
Treasury Department and IRS Issue Proposed Regulations for Clean Energy Projects
The Treasury Department and Internal Revenue Service issued proposed regulations related to the increased tax credit or deduction amounts for clean energy facilities and projects, if taxpayers satisfy certain prevailing wage and registered apprenticeship (PWA) requirements.
CDFI Capital Magnet Fund and Qualified Investment Report
CDFI Fund released the application data for the fiscal year (FY) 2023 round of its Capital Magnet Fund (CMF) program. A total of 144 organizations submitted applications requesting more than $1.1 billion in funding. The applicants propose to serve 49 states, the District of Columbia, Puerto Rico and Guam. In total, 42 percent of the […]
HUD, Treasury Describe State’s use of ARP Funds to Increase Affordable Housing Supply
In a new Our Way Home blog post, Sarah Brundage, senior advisor for housing supply & infrastructure at HUD, and Ellen Lurie Hoffman, acting director of the office of community and economic development at Treasury, describe three examples of states utilizing American Rescue Plan (ARP) funding to serve their communities’ housing supply needs.
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.