Federal / Agency News

On the 55th Anniversary of the Fair Housing Act’s enactment, Senator Tim Scott (R-SC), Ranking Member of the Senate Committee on Banking, Housing and Urban Affairs, announced the Renewing Opportunity in the American Dream (ROAD) to Housing Act framework.

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.

The Environmental Protection Agency (EPA) released an implementation framework for its new Greenhouse Gas Reduction Fund (GGRF), which will invest $27 billion to finance projects that reduce greenhouse gas emissions and air pollution.

HUD announces the publication of the issue of HOME FACTS, which informs all Participating Jurisdictions (PJs) that the right to draw HOME grant funds expires after nine fiscal years, including the fiscal year of the appropriation.

HUD announces the release of the National Standards for the Physical Inspection of Real Estate (NSPIRE) score calculator demo video, which housing authorities, property owners and agents can use as a resource to estimate their inspection score under the new national standards for the inspections.

The Senate Committee on Banking, Housing and Urban Affairs will hold a hearing on April 26 at 10 a.m. ET entitled “Building Consensus to Address Housing Challenges.”

HUD Secretary Marcia Fudge testified before the House Appropriations Committee on the department’s FY 2024 Budget Request.

A blog post from Bad Elphick with Novogradac explains the recent Financial Accounting Standards Board (FASB) Accounting Standards update, which makes investing in New Markets Tax Credits (NMTCs), Historic Tax Credits (HTCs), Renewable Energy Tax Credits (RETCS) and any new tax credits created in the future more attractive to investors.

The Senate Committee on Banking, Housing and Urban Affairs held a nomination hearing for Dr. Jared Bernstein to be chairman of the Council of Economic Advisers and Solomon Greene to be an assistant secretary of Policy Development & Research at HUD and David Uejio to be assistant secretary for Fair Housing and Equal Opportunity at HUD.

The Federal Housing Finance Agency (FHFA) will issue a Request for Input (RFI) on multifamily tenant protections.

The Department of Housing and Urban Development released a new publication that summarizes the effects of restrictive land use policies on housing supply, location and affordability and highlights reforms that state and local governments can adopt to increase the housing supply.

The Bipartisan Policy Center (BPC) is hosting a webinar at 1 p.m. ET on April 14 with senior HUD officials for a presentation on the various challenges to landlord acceptance of vouchers, as well as agency initiatives to overcome those hurdles, followed by a discussion exploring the future of landlord participation in the program.