Federal / Agency News

On Jan. 6, 2025, the Federal Emergency Management Agency (FEMA) published the Fiscal Year (FY) 2024 Building Resilient Infrastructure and Communities (BRIC) program’s Notice of Funding Opportunity (NOFO) totaling $750 million in available funding.

Sponsored by HUD’s Office of Multifamily Housing, the GRRP Resident Engagement Toolkit for the Green and Resilient Retrofit Program (GRRP) guides owners through the process of engaging residents in the GRRP-funded retrofit process, offering practical solutions and usable resources.

HUD’s Multifamily Housing Office of Recapitalization published a supplemental notice delivering changes and updates to the Rental Assistance Demonstration (RAD) program.

HUD’s Office of Policy Development and Research published a Frequently Asked Questions (FAQ) guide for positive rent reporting in HUD-assisted housing.

Scott Turner, President Donald Trump’s nominee for Secretary of HUD, testified before the Senate Banking, Housing and Urban Affairs Committee on Jan. 16, 2025.

In late December, HUD published Notice PIH 2024-40, modifying previous guidance (Notice PIH 2021-07) regarding how a public housing agency (PHA) can apply to demolish or dispose of public housing under Section 18 of the Housing Act of 1937.  

A letter from the Novogradac Opportunity Zones Working Group to incoming President Donald Trump’s transition team and the nominee for deputy secretary for the U.S. Department of the Treasury calls for the Trump administration to consider regulatory and legislative efforts to enhance and reinforce the opportunity zones (OZ) incentive, including permanency.

The U.S. Department of the Treasury and Internal Revenue Service (IRS) released final rules for the technology-neutral clean energy tax credits.

HUD has formally approved changes to the debt service coverage (DSCR) and loan-to-cost (LTC)/loan-to-value (LTV) criteria for 221(d)(4) and 223(f) programs.

On Thursday, Jan. 16, 2025 at 10 a.m. EDT, the Senate Committee on Banking, Housing and Urban Affairs will hold a hearing on the nomination of Eric Turner to be Secretary of the U.S. Department of Housing and Urban Development.

The Community Development Financial Institutions (CDFI) Fund posted an updated frequently asked questions (FAQ) document concerning the calendar year (CY) 2024-2025 New Markets Tax Credit (NMTC) allocation application.

HUD has announced that the latest HOME Monthly Reports, as of November 30, 2024, are now available. Why it matters: These reports are crucial for Participating Jurisdictions (PJs) to effectively track and manage their housing initiatives. Details: The bottom line: These reports empower PJs to optimize their housing strategies, ensuring effective use of resources and […]