Federal / Agency News

The House is likely to have a floor vote on Thursday for a two-week continuing resolution to avoid a government shutdown Friday at midnight. The potential for snags could come from Democrats and Conservative Republicans alike, for differing reasons.

To support a growing number of users, HUD’s Office of Multifamily continues to train staff and the CNA e-Tool team has provided many resources.

To be excluded from the caps, loans for water and energy efficiency improvements must demonstrate at least a 25% energy or water savings.

This will give nonprofit borrowers a needed edge to compete with market rate developers, helping save naturally affordable properties from common issues including deterioration, abandonment, and gentrification. 

Congressman Smucker (R-PA) is requesting signatures for a letter urging Speaker Paul Ryan and Chairman Kevin Brady to preserve the Historic Tax Credit (HTC) and make the New Markets Tax Credit (NMTC) permanent. The letter is open to House Republicans and it closes TODAY, Wednesday, November 29th at 7 p.m. Eastern. 

The Notice, issued November 15, supersedes and replaces the guidance provided in Notice PIH 2015-13 and clarifies HUD’s interpretation of the statutory amendment related to flat rents.

HUD has published PBV contract documents incorporating the changes made by the RAD rider directly into the standard PBV HAP contract.

This training will focus on the role of PHAs reviewing the e-Tool provided by an independent assessor and then submitting the e-Tool to the RAD Resource Desk as part of the PHA’s Financing Plan submission.

H.R.4258, introduced by Reps. Sean Duffy (R-WI) and Emanuel Cleaver (D-MO), would permanently reauthorize the Family Self Sufficiency (FSS) Act. The bill also makes several improvements.

Rep. Randy Hultgren (R-IL-14) is circulating a letter to House and Senate leadership opposing the proposed elimination of tax exempt private activity bonds in the House’s version of the Tax Cuts and Jobs Act (H.R. 1), focusing on the need for private activity bonds to support investments in our nation’s infrastructure.

FHFA made the announcement on November 16 that Fannie Mae and Freddie Mac are reentering the LIHTC market as equity investors in a limited role, effective immediately.

The House is prepared for a Thursday floor vote on The Tax Cuts and Jobs Act (H.R. 1), meanwhile, the Senate Committee on Finance is in its third day of markup and a modified chairman’s mark was released by Chairman Orrin Hatch (R-UT) Tuesday night.