Federal / Agency News

The Federal Housing Finance Agency published a final rule requiring Fannie Mae and Freddie Mac to provide advance notice to FHFA before offering a new activity and to obtain prior approval from FHFA before offering new products.

The Federal Housing Finance Agency (FHFA) issued a final r​ule for Fannie Mae and Freddie Mac (the Enterprises) that establishes the benchmark levels for their multifamily housing goals for 2023 and 2024 using the new percentage-based methodology outlined in the proposed rule.

HUD published Notice PIH 2022-38/FPM-19-2022: Reporting Supplement to the Implementation of the Final Rule on Section 3 Regulations – 24 CFR Part 75.

On December 20, HUD announced two new requests for information (RFIs) seeking recommendations for how to improve the Community Development Block Grant Disaster Recovery (CDBG-DR) and Mitigation (CDBG-MIT) programs.

Owners of Section 202 elderly properties may register with the Administration for Strategic Preparedness and Response (ASPR) at the Health Partner Ordering Portal (HPOP) and request weekly shipments of COVID-19 test kits to be delivered to their property for distribution.

The Senate, by a vote of 68-29, and the House of Representatives, by a vote of 225-201, passed a full-year omnibus appropriations bill for Fiscal Year (FY) 2023.

The White House is soliciting responses to its Resident-Centered Property Management Practices Pre-Challenge.

The Biden-Harris administration released All In: The Federal Strategic Plan to Prevent and End Homelessness.

Effective as of Dec. 27, 2022, all HUD-assisted rental properties with carbon monoxide sources, such as fuel-burning appliances or attached garages, must have a carbon monoxide device. More details can be found in PIH and Housing Notice 2022-01. PHAs still purchasing devices can consider Lowe’s partnership with OMNIA Partners to provide government agencies and nonprofits contract savings at the time of purchase, with no minimum order required.

The Community Development Financial Institutions Fund (CDFI Fund) posted an updated calendar year (CY) 2022 New Markets Tax Credit Program (NMTC Program) Allocation Application Frequently Asked Questions (FAQs) document.

Funding for the federal government is set to expire on December 15 and Congress is poised to pass a one-week stopgap spending bill to extend Friday’s deadline to fund the government as negotiations continue on a deal to settle disputes over a full year funding agreement with new topline spending levels.

Eleven states, including California, Florida, Illinois, Indiana, Kentucky, Massachusetts, Oregon, New York, Pennsylvania, Texas and Washington, sent a letter to leaders of the Senate and House tax committees urging them to include LIHTC provision in a year-end bill.