Federal / Agency News
Deadline Extended for ACHP/HUD Secretary’s Award for Excellence
The Advisory Council on Historic Preservation (ACHP), in partnership with HUD, recognizes developers, organizations, and agencies for their success in advancing the goals of historic preservation through the Secretary’s Award for Excellence in historic preservation.
GAO Releases LIHTC Report – Opportunities to Improve Oversight
The U.S. Government Accountability Office (GAO) issued a report that recommends additional oversight on the LIHTC program.
Affordable Housing Credit Improvement Act Reaches 200 Co-Sponsors in the House
The Affordable Housing Credit Improvement Act achieved a major milestone – 200 co-sponsors within the House of Representatives (H.R. 3238).
HUD Extends Deadline for Third Wave of GRRP Elements to March 28
HUD is extending the deadline for applications for wave three of the Green and Resilient Retrofit Program (GRRP) Elements cohort from January 4 to March 28, 2024.
HUD Releases 2023 Annual Homeless Assessment Report
HUD released its 2023 Annual Homeless Assessment Report: Part 1: Point-in-Time Estimates, which estimates the number of individuals in shelters, temporary housing and in unsheltered settings through Point-in-Time (PIT) counts.
Rural Housing Serve Reform Act Introduced in the House
Representatives Emanuel Cleaver (D-MO) and Blaine Luetkemeyer (R-MO) introduced the bipartisan Rural Housing Service Reform Act (H.R. 6785). The measure would ensure that USDA Section 515 properties with maturing mortgages remain affordable by making it easier for nonprofits to acquire the properties and retain their rental assistance.
Congress Introduces Workforce Housing Tax Credit Act
Senators Ron Wyden (D-OR) and Dan Sullivan (R-AK) and Representatives Jimmy Panetta (D-CA) and Mike Carey (R-OH) introduced the Workforce Housing Tax Credit Act (S. 3436 and H.R. 6686).
HUD Notice Eliminates Assurance of Completion on a Section 223(f) with New LIHTC
A new Mortgagee Letter (2023-24) eliminates the ten percent assurance of completion to be added to the Escrow Agreement for Deferred Repairs for 223(f) projects with LIHTC
HUD Launches Free Energy and Water Benchmarking Service for HUD-Assisted Multifamily Properties
HUD is making its Energy and Water Benchmarking Service available for properties participating in its Multifamily project-based rental assistance programs.
Naxalone Resources for HUD-Assisted Properties
HUD, the Department of Health and Human Services and the White House Office of National Drug Control Policy urge HUD grantees to proactively engage with public health and other community organizations to combat the opioid crisis and keep their communities safe.
CDFI NMTC Deadline Reminder
The deadline for online submission of the NMTC Allocation Application through the CDFI Fund’s Awards Management Information System (AMIS) is before 5:00 p.m. ET, December 19.
HUD Publishes 2024 OCAFs; National Rate of 5.3 Percent
The U.S. Department of Housing and Urban Development published the operating cost adjustment factors (OCAFs) for eligible multifamily housing properties with an anniversary date on or after Feb. 11, 2024.