Federal / Agency News

Congress returns from Thanksgiving break with a long to-do list and not much time left.

The NHP Foundation and Enterprise’s new report, A Decade of Rental Housing Vulnerability: Lessons Learned from Financial Crisis to Coronavirus, provides results of a survey of one hundred stakeholders from across the affordable housing spectrum, examining how lessons from recent history inform industry interventions of today and tomorrow.

Each year HUD’s Inspector General is required to submit a report to the HUD Secretary detailing the most serious management and performance challenges facing the Department.

HUD released an expanded Rental Assistance Demonstration data dashboard on the RAD Resource Desk.

On Friday, the House passed the $2 Trillion Build Back Better Act (H.R. 5376) along a party line vote.

Wisconsin Housing and Economic Development Authority (WHDA) CEO Joaquín Altoro accepted a position within the Biden-Harris administration as administrator of the U.S. Department of Agriculture’s Rural Housing Service, effective as of November 11.

The Office of Multifamily Housing published Mortgagee Letter 2021-26, which announces the required use of the FHA Catalyst: Multifamily Applications Module effective Dec. 10, 2021, for all electronic MAP application submissions.

The Internal Revenue Service released Revenue Procedure 2021-45, which sets state ceilings for nine percent LIHTCs and private activity bonds (PAB).

The deadline to submit COVID-19 Supplemental Payment reimbursement requests to HUD or the Contract Administrator is November 19.

The House recently passed the Infrastructure Investment and Jobs Act (H.R. 3684), and earlier this week, President Joe Biden signed the bill into law.

Novogradac estimates the latest version of the $1.75 trillion Build Back Better reconciliation legislation would finance 936,900 affordable homes over 2022 to 2031.

A new report from the Government Accountability Office recommends that HUD and the Department of Health and Human Services provide more guidance to local programs on how to help youth who are homeless.