Federal / Agency News
IRS Announces Elective Pay Final Regulations for Renewable Energy ITCs
The IRS published the final elective pay regulations for the renewable energy Investment Tax Credit (ITC).
A New Fact Sheet on Child Poverty and Lack of Access to Housing
The Opportunity Starts at Home Campaign released a new fact sheet describing the connections between child poverty and lack of access to stable, affordable housing.
NPS Issues Reports Highlighting Success of Federal Historic Preservation Tax Incentives Program
NPS Issues Reports Highlighting Success of Federal Historic Preservation Tax Incentives Program
HAC Releases New Resource for Rural Multifamily Housing Preservation
The Housing Assistance Council announced its Center for Rural Multifamily Housing Preservation.
Pravina Raghavan Named CDFI Fund Director
Pravina Raghavan was announced as director of the Community Development Financial Institutions (CDFI) Fund, beginning immediately.
Secretary Fudge to Retire on March 22
HUD Secretary Marcia Fudge announced her retirement and resignation from the position of Secretary of HUD, effective March 22, 2024.
FHFA Hosts Multifamily Insurance Symposium – Today, March 13; Treasury Department Announces Collaboration with Regulators Studying Insurance Cost Impact
The Federal Housing Finance Agency (FHFA) is holding a Multifamily Insurance Symposium from 10 a.m. to 4 p.m. ET today, March 13.
Biden-Harris Administration Releases FY 2025 Budget Request; Housing Featured in State of the Union
Earlier this week, the Biden-Harris administration released its Fiscal Year (FY) 2025 budget request, which serves as a marker for policy priorities, especially during a presidential election year.
Tax Court Rules on Including Construction Period Finance Costs in LIHTC Basis
In the 23rd Chelsea Associates case, the U.S. Tax Court ruled that an appropriate share of finance costs attributable to the construction period of the affordable housing part of a project can be included in tax credit basis.
DOE Publishes Rebate/LIHTC Case Study
The Department of Energy (DOE) published a new case study on Using Whole Home Energy Rebates to Preserve Affordable Multifamily.
Treasury Modifies SLFRF, ERA Rules to Amplify Housing Production
The Treasury Department announced updated guidance for the State and Local Fiscal Recovery Fund (SLFRF) and the Emergency Rental Assistance (ERA2) programs, which make it easier for states and local governments to use these programs to build and preserve affordable housing.
FHFA Announces $301 Million for CMF & NHTF
The Federal Housing Finance Agency (FHFA) announced that the Housing Trust Fund and Capital Magnet Fund will receive approximately $301 million for affordable housing initiatives from Fannie Mae and Freddie Mac (the Enterprises).