Federal / Agency News

Federal Reserve of Philadelphia Report Estimates 1.8 Million Households Owe $11 Million in Rent

A new report on Household Rental Debt During COVID-19 from the Federal Reserve Bank of Philadelphia estimates that in March 2021, 1.8 million renter households, representing 5 million individuals, will owe $11 billion in rent—approximately $6,100 per household. That number represents 5.4 percent of all renter householders and 15 percent of those who experienced job loss due to COVID-19.

NLIHC Releases 2021 Edition of The Gap, finding Extremely Low-Income Renters Face Shortage of 7 Million Affordable and Available Homes

The National Low Income Housing Coalition (NLIHC) released its annual report, The Gap: A Shortage of Affordable Homes, which finds that extremely low-income renters in the U.S. face a shortage of nearly seven million affordable and available rental homes.

HUD Training on Environmental Review Procedures – April 14

On April 14 from 1 – 3 p.m. ET HUD will host a webinar on environmental review procedures as a part of its public housing repositioning Wednesday webinar series. This webinar will discuss environmental review procedures as Public Housing Agencies (PHAs) plan and implement public housing repositioning.

Group of 2,300 Organizations Urge Evection Moratorium Extension

A group of 2,272 associations, organizations and elected officials sent a letter to President Joe Biden, HUD Secretary Marcia Fudge and Centers for Disease Control Director Rochelle Walensky urging improving and extending the current CDC eviction moratorium through “the end of the pandemic.”

NH&RA Joins Groups Asking for Commerce Dep’t. Review of Lumber Prices

National Housing & Rehabilitation Association joined more than 30 organizations in a letter to Commerce Secretary Gina Raimondo calling for a review and remedies for lumber prices that have nearly tripled in the past year.

Evictions Down, But Not All Renters Are Taking Advantage of Moratoriums, GAO Says

Eviction moratoriums at the federal, state and local level have helped reduce eviction filings, but some eligible renters may not be aware of programs and further outreach is needed, according to a Government Accountability Office (GAO) report issued March 15.

NPS Publishes Annual Historic Tax Credit Report for 2020

On March 9 the National Park Service published its FY-2020 Annual Report for the Historic Tax Credit Program. Last fiscal year, the NPS processed 989 Certifications of completed work (Part 3) resulting in an estimated $6.54 billion in rehabilitation costs.

IRS Posts Population Figures Used to Calculate LIHTC, PAB Cap

On March 15, 2021, the IRS published Notice 2021-19, which advises state a local housing credit agencies and issuers of private activity bonds of the state population figures that are used to calculate the annual state allocation for the 9% LIHTC as well as the state’s private activity bond cap.