Federal / Agency News

The USDA’s Section 515 loan program for affordable multifamily housing has been instrumental in preserving and revitalizing rural properties.

The Federal Home Loan Bank of Chicago (FHLBank Chicago) has launched the LIHTC Collateral Pilot program, providing $300 million in financing to support LIHTC multifamily housing projects.

Amazon has reopened the application portal for its Housing Equity Fund, offering $1.4 billion to create or preserve 14,000 affordable units in Washington’s Puget Sound, Arlington, VA and Nashville, TN.

Recent changes to the Federal Housing Administration (FHA)-Housing Finance Agency (HFA) Risk-Sharing program, part of the Biden-Harris administration’s broader affordable housing initiatives, are aimed at increasing the construction of affordable multifamily housing.

The White House announced new appointments by President Biden to the Community Development Advisory Board (the Advisory Board), a 15-person federal advisory committee to the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund).

HOME Investment Partnerships Program (HOME) grants are subject to the grant closeout requirements at 2 CFR 200.344, which require all grants to be closed out within one year of the end of the grant’s period of performance.

Novogradac announced it is providing an additional benefit for LIHTC stakeholders. In addition to Novogradac’s LIHTC equity pricing page, which provides a nationwide average of equity price per credit, a new page, available upon request, offers data for regions and some states. 

The U.S. Department of Housing and Urban Development published a notice in the Federal Register establishing 2025 difficult development areas (DDAs) and qualified census tracts (QCTs) for LIHTCs.

MO, MA and PA Make Big Changes to State Credits

HUD recently announced a significant policy change that will impact developers involved in the LIHTC program.

The EPA’s $27 billion Greenhouse Gas Reduction Fund (GGRF), funded through the Inflation Reduction Act, offers significant opportunities for affordable housing multifamily rental developers.

FHFA recently proposed new housing goals for Fannie Mae and Freddie Mac, set to be in place from 2025 through 2027.