Federal / Agency News
HUD Announces Proposed “30-Day Notice” Rule for Nonpayment of Rent
A new HUD Proposed Rule would require public housing agencies (PHA) with tenants in public housing and owners of properties participating in HUD Multifamily project-based rental assistance programs to provide their tenants with written notification at least 30 days prior to filing for eviction due to nonpayment of rent in court.
Over 46,000 Applications Received for Low-Income Communities Bonus Credit Program
The U.S. Department of the Treasury, Internal Revenue Service (IRS) and Department of Energy (DOE) announced that the Low-Income Communities Bonus Credit Program received more than 46,000 applications within the initial 30-day application period.
HUD Publishes Notice for Green Mortgage Insurance Premium Reporting
HUD’s Office of Multifamily Housing Programs and Office of Residential Care Facilities published a Housing Notice titled Required Use of Portfolio Manager for Green Mortgage Insurance Premium Compliance Reporting,
Florida Releases RFA Documents and Schedules Workshop
The Florida Housing Finance Corporation (FHFC) recently released a draft Request for Applications (RFA) 2024-102 SAIL Financing for Smaller Permanent Supportive Housing Developments for Persons with Special Needs to their website, including and a draft of the excel Exhibit A.
Pennsylvania Announces Reminder to Submit 9 Percent Applications
The Pennsylvania Housing Finance Agency (PHFA) announced a reminder to submit the full nine percent application by Jan. 11, 2024 at 5:00 p.m. ET in both hard copy and electronic format.
Congress Approves Temporary Funding Measure through the New Year
Last week, the Senate passed the spending bill with an 87-11 tally, ending the threat of a government shutdown until after the holidays.
HUD, HHS Unveil Health-Focused Housing Efforts
The Biden-Harris administration released a new resource to help take action to address homelessness, The U.S. Playbook to Address Social Determinants of Health.
HUD Streamlines Enrollment Process for Affordable Connectivity Program
HUD announced a new data-sharing agreement with the Federal Communications Commission (FCC) to support access to the Affordable Connectivity Program (ACP) by reducing barriers to enrollment.
CDFI Fund Releases Updated FAQ Document for NMTC Compliance
The Community Development Financial Institutions (CDFI) Fund released an updated frequently asked questions (FAQ) document concerning compliance for the New Markets Tax Credit (NMTC) incentive.
Year End Legislative Update; Advocacy Needed on Tax Bill
There are 47 days between now and the end of the year and only two days until the government runs out of funding under the current continuing resolution (CR).
IRS Increases 2024 LIHTC and PAB Per Capita Rates, Minimums
In Revenue Procedure 2023-2024 the Internal Revenue Service (IRS) increased the 2024 nine percent LIHTC ceiling to the greater of $2.90 multiplied by the state population or $3,360,000.
HUD Publishes Build America, Buy America Guidance
HUD’s Office of Community Planning and Development (CPD) issued Notice CPD-23-12 providing implementation guidance for Build America, Buy America (BABA) domestic sourcing requirements for CPD programs, including the HOME Investment Partnerships program and Housing Trust Fund.