Federal / Agency News

The decoupling of rental assistance from Section 514/515 loans under the Consolidated Appropriations Act of 2024 will now permit properties with Section 514/515 maturing mortgages to continue to receive rental assistance to further preserve affordable housing. A stakeholder engagement session is being held on April 25 at 2 p.m. ET and those interested in participating are encouraged to register.

Senate, House Hold FY 2025 HUD Appropriations Hearings – April 30 & May 1 

The Senate Committee on Banking, Housing and Urban Affairs will hold an Oversight of Federal Housing Regulators hearing on April 18 at 10 a.m. ET. HUD Acting Secretary Adrianne Todman and Federal Housing Finance Agency (FHFA) Director Sandra Thompson will testify.

HUD published a proposed rule that would amend the regulations governing admission to certain HUD-supported housing for applicants with criminal records or histories of involvement with the criminal justice system and evictions based on illegal drug use, drug-related criminal activity or other criminal activity.

Our Homes, Our Votes is a nonpartisan initiative to boost voter turnout among low-income renters and elevate housing as an election issue.

Attend the event in-person or join virtually, as Bipartisan Policy Center’s (BPC) executive director Dennis Shea hosts a fireside chat with new HUD Acting Secretary Adrianne Todman discussing HUD’s approach and strategies in addressing the housing shortage on April 23 at 10 a.m. ET.

Representative Tom Cole (R-OK) will chair the full House Appropriations committee, following the retirement of Chair Kay Granger (R-TX) at the end of her term.

On April 16, the Housing, Transportation and Community Development Subcommittee of the Senate Committee on Banking, Housing and Urban Affairs held a hearing on Challenges in Preserving the U.S. Housing Stock.

The Environmental Protection Agency (EPA) announced selections for $20 billion in grant awards under two competitions within the Greenhouse Gas Reduction Fund (GGRF).

The Internal Revenue Service (IRS) allocated an additional $8.2 million in unused LIHTC carryovers to 28 states, ranging from $1.1 million to Texas to $24,409 to Vermont.

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation issued an interim final rule and technical amendments regarding the Community Reinvestment Act (CRA) final rule.

In April, HUD published updates to the three Green and Resilient Retrofit Program (GRRP) Notices of Funding Opportunities (NOFOs) Elements, Leading Edge and Comprehensive.