Federal / Agency News

Last week, the Affordable Housing Credit Improvement Act was reintroduced in both the House and Senate as H.R. 3238 and S. 1557.

HUD allocated $382 million through the National Housing Trust Fund (HTF), which funds capital costs properties serving extremely low- and very low-income households, including families experiencing homelessness.

Last week, the Housing, Transportation and Community Development subcommittee of the Senate Banking, Housing and Urban Affairs committee held a hearing on Rural Housing Legislation.

The National Association of Home Builders announced Jim Tobin will take the helm as president and CEO, effective June 1, succeeding Jerry Howard, who has led the organization since 2001.

Last week, the Senate Banking, Housing, and Urban Affairs Committee held a hearing titled “Building Consensus to Address Housing Challenges” that covered a wide range of housing industry issues that make housing unaffordable, including LIHTC, zoning and land use regulation, Housing First strategies to ending homelessness, flood insurance and mortgage fees.

Rep. Adam Schiff (D-CA) unveiled legislation that would create an interagency council, like the current U.S. Interagency Council on Homelessness (USICH), to analyze and strengthen affordable housing in the U.S.

Susan Rice and Erika Poethig with the White House’s Domestic Policy Council (DPC) are both stepping down.

HUD announced two plans last week, one centered on Potential Changes to Regulation Requiring Accessibility and Prohibiting Discrimination on the Basis of Disability in HUD-Assisted Programs the other on Removing Unnecessary Barriers to Housing for People with Criminal Records.

In a new blog post, Brad Elphick and Peter Lawrence with Novogradac explain the recently released Organization of Economic Cooperation Development (OECD) guidance on the Global Minimum Tax (GMT).

CDFI announced revisions to its certification application.

The Rural Housing Service updated the process for competitive lender submissions (responses) regarding proposed projects for the Section 538 Guaranteed Rural Rental Housing Program (GRRHP).

The House and Senate voted to rescind the Environmental Protection Agency’s (EPA) Waters of the U.S. (WOTUS) rule via the congressional review act process.