Federal / Agency News
Congress Returns this Week with Looming Appropriations Deadline
The House returned this week following August recess and both chambers are racing to meet the September 30 appropriations deadline.
HUD Updates FY 2024 FMRs
Last week, HUD announced that they updated Fair Market Rents (FMRs) for Fiscal Year (FY) 2024 and released an additional $113 million in Housing Choice Vouchers to public housing agencies to help 9,500 families to meet these growing costs.
Ohio Posts 2023 Bond Gap Financing Application
The Ohio Housing Finance Agency announced that it posted the 2023 4 percent LIHTC with Bond Gap Financing (BGF) Affordable Housing Funding Application (AHFA).
THDA Posts 2023 Competitive Preliminary Ranking
The Tennessee Housing Development Agency (THDA) Multifamily Programs Division posted the 2023 Competitive Low-Income Housing Credit Preliminary Ranking to their website.
Treasury Department and IRS Issue Proposed Regulations for Clean Energy Projects
The Treasury Department and Internal Revenue Service issued proposed regulations related to the increased tax credit or deduction amounts for clean energy facilities and projects, if taxpayers satisfy certain prevailing wage and registered apprenticeship (PWA) requirements.
HUD Awards $140 Million to Protect Families from Lead and Other Health and Safety Hazards
The U.S. Department of Housing and Urban Development (HUD) announced awards nearly $140 million to 36 state and local government agencies in 19 states to protect children and families from lead-based paint hazards and other home health hazards.
CDFI Fund Releases Summary Report and Data on NMTC Investments
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released a summary report and data collected on all New Markets Tax Credit (NMTC) investments across the nation through the fiscal year (FY) 2021 reporting period.
EPA Proposes Lead-Based Paint Rule for Federally Assisted Housing
The Environmental Protection Agency (EPA) published a proposed rule to significantly lower acceptable levels of lead-based paint (LBP) and make abatement protocols much more stringent for federally assisted properties built before 1978 that undergo renovation.
IRS Publishing Final Regulations, Application Process for ‘Adder’ ITCs for Solar, Wind at Low-Income Communities, Federally Subsidized Residential Buildings
The Internal Revenue Service (IRS) published final regulations for the “adder” investment tax credit (ITC) percentages for solar or wind facilities built in low-income communities or in connection with federally subsidized residential buildings.
California Releases Amendment to Transition Reserve Policy and Funding Availability Calendar
The California Department of Housing and Community Development (HCD) released an amendment to its Transition Reserve Policy Administrative Memo, which implements statutory changes made under SB 948 (Chapter 667, Statutes 2022) applicable to Health and Safety Code Section 60468.
THDA Accepting Applications for Multifamily Tax Bond Authority
The Tennessee Housing Development Agency (THDA) is accepting applications for MTBA 2023 Round Two on August 14.
Oklahoma Releases Second QAP Draft
The Oklahoma Housing Finance Agency announced the release of the 2024 QAP to its website.