Federal / Agency News

The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (The Enterprises) are each allowed to invest up to $1 billion annually (originally $850 million) in LIHTC equity beginning in 2024.

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.

The Affordable Housing Credit Improvement Act achieved a major milestone – 200 co-sponsors within the House of Representatives (H.R. 3238).

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 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.

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.

The U.S. Government Accountability Office (GAO) issued a report that recommends additional oversight on the LIHTC program.

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.

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.

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).

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 is making its Energy and Water Benchmarking Service available for properties participating in its Multifamily project-based rental assistance programs.