Federal / Agency News

A new HUD notice sets an absolute annual cap of ten percent on income limit increases for housing financed by LIHTCs, private-activity bonds (PABs) and for various HUD programs, including Section 8.

House Ways and Means Committee Chairman Jason Smith (R-MO) and Senate Finance Committee Chairman Roy Wyden (D-OR) announced a tax agreement, which includes LIHTC provisions to restore the 12.5 percent increase for nine percent LIHTCs for 2023-2025 and lower the bond financed-by test to 30 percent for allocation made in 2024 and 2025.

HUD’s Office of Multifamily Housing Programs published a Housing Notice titled Green and Resilient Retrofit Program (GRRP) Supplemental – Notice A to add flexibility in both grant and supplemental loan funds, as well as other administrative changes, that will enhance owners’ and developers’ ability to leverage GRRP funds for energy efficiency and climate resilience upgrades and rehabilitation projects.

The RAD Collaborative recently released a special report that highlights some outcomes for properties and residents under the RAD program.

HUD recently issued PIH Notice 2024-01 providing guidance to PHAs regarding the Buy America Preference (BAP) requirement of the Build America, Buy America Act (BABA).

Congress returns this week to address government funding deadlines set for January 19 and February 2.

The Department of the Treasury and the Internal Revenue Service issued Notice 2024-9 that provides procedures for applicable entities to claim the statutory exception to the application of the phaseouts for elective payment projects that begin construction during calendar year 2024 that fail to satisfy the domestic content requirement.

Happy New Year! Both the House and Senate remain in recess this week. When they return next week, they’ll have just ten legislative days ahead of the first of two FY 2024 continuing resolution deadlines on January 19.

Happy New Year! Both the House and Senate remain in recess this week. When they return next week, they’ll have just ten legislative days ahead of the first of two FY 2024 continuing resolution deadlines on January 19.

The Department of the Treasury and the Internal Revenue Service issued Notice 2024-9 that provides procedures for applicable entities to claim the statutory exception to the application of the phaseouts for elective payment projects that begin construction during calendar year 2024 that fail to satisfy the domestic content requirement.

HUD announced that it is awarding $173.9 million in new loans and grants under the Green and Resilient Retrofit Program’s (GRRP) Comprehensive and Elements categories.

The U.S. Department of the Treasury and Internal Revenue Service (IRS) released proposed regulations regarding the Production Tax Credit (PTC) for hydrogen under Section 45V of the Internal Revenue Code