Federal / Agency News

HUD’s recent notice in the Federal Register extends the deadline for submission of Assessments of Fair Housing (AFH) past October 31, 2020 (participants have varying specific deadlines).

The report is significant in that states will generally respond to the best practices through policy changes in their QAPs.

Not only did Hatch play a large role in the recent tax reform legislation, but he is also a great ally for the Low Income Housing Tax Credit – serving as the Republican co-sponsor on legislation to expand and improve the credit.

There is still time to press the case for extending RAD’s authority in the final form of the FY 2018 appropriations act.

A Dec. 23 ruling by a U.S. District Court means the determination of fair market rent (FMR) in two dozen of the nation’s largest metropolitan areas has come full circle.

The goal of these changes is to reduce the regulatory burden on PHAs and Multifamily Housing Owners. The effective date of these changes is March 12, 2018, with comments due January 11, 2018.

120 organizations applied for almost $540 million, with only $119.5 million available in the round.

Fannie Mae plans to purchase 269 loans secured by LIHTC properties during the two-year period while also making five LIHTC equity investments in 2019. Freddie Mac plans on making nine LIHTC equity investments during 2018-2020 serving high-needs rural regions.

NH&RA congratulates Mr. Compton on his confirmation!

Today, the Senate and House have both passed the conference report of HR 1 – the GOP’s tax overhaul plan. The bill is expected to be signed into law by President Trump later this week.

Between 2003 and 2015, NMTC investments generated more than $156 billion in economic activity, creating over 1 million jobs and $6.7 billion in state and local tax revenues.

A total of up to $500 million in bond guarantee authority is available to eligible Community Development Financial Institutions (CDFIs) in FY 2018, pending Congressional authorization.