Federal / Agency News
Bill Reintroduced to Increase HTC, LIHTC, and NMTC for Disaster Relief
If enacted, areas that experienced federally-declared disasters from 2012 – 2015 would receive additional allocations towards tax credit programs
Senate Banking Committee Approves Brian Montgomery for FHA Commissioner
If the nomination is successful, it will be Brian Montgomery’s second time serving as FHA commissioner.
HUD Publishes 2018 DDAs and QCTs
HUD recently published in the Federal Register 2018 updated Difficult to Develop Areas (DDAs) and Qualified Census Tracts (QCTs).
Debt Ceiling Lifted, Disaster Recovery Funds Provided (to an Extent)
President Trump signed into law on Friday legislation that provided both hurricane recovery funds as well as continued appropriations to keep the federal government funded through December 8.
House Rules Committee Proposes Amendments to HUD Spending Bill
U.S. Representatives submitted nearly one hundred amendments to the FY-2018 Transportation-HUD appropriations legislation (HR 3354).
Attorney Suzanne Tufts Nominated as Assistant Secretary of HUD, Administration
The Senate received a list of nominations from President Trump on September 5.
HUD Publishes 2018 FMRs for HCV, Mod-Rehab SRO and Adopts New FMR Methodology
New Fair Market Rents (FMRs) have been published at HUDuser.gov and will take effect on October 1, 2017.
HUD Publishes High Cost Areas Allowing Exceptions to Maximum Mortgage Limits
HUD’s recent letter specifies High Cost Areas as of January 1, 2017, with thresholds set for each area.
HUD Seeks Interested PHAs to Receive New HUD-VASH Vouchers
$40 million was made available in the 2017 Appropriations Act, which will support 5,500 new HUD-VASH vouchers.
LIHTC Compliance in a Disaster Area
CohnReznick recently made a recording available, in which Beth Mullen explains the impact a major disaster can have on a tax credit property.
HUD Announces Choice Neighborhoods Implementation Grant NOFA, Apps Due 11/22
The NOFA announced approximately $132 million available for awards.
HUD Issues Guidance on Implementing Lead-Safety Housing Rule
The guidance is for public housing agencies (PHAs) and private owners of properties using HCVs and PBVs.