Federal / Agency News

HUD released a proposed rule that would prohibit mixed immigration status families from living in public and other HUD-assisted housing. The proposed rule would require the verification of the eligible immigration status of all household members and would make prorated assistance temporary until the eligibility for housing assistance has been determined.

The ACTION Campaign released updated national and state factsheets that show the impact of the LIHTC in all 50 states and the District of Columbia. In addition to the regular information on homes developed or preserved, jobs supported and the need for affordable housing, this year’s factsheets also include estimates on how many homes could be built with a 50 percent LIHTC increase.

HUD now expects to release the RAD revised notice (RADRev4) with modest changes to the public housing component and thorough instructions for the new RAD-for-PRAC authority in early to mid-June 2019. While waiting for RADRev4 there is plenty PHAs and their partners can do now to take advantage of recent flexibilities with RAD and other HUD preservation-redevelopment tools. 

In 2015, HUD was authorized to establish a Pay For Success (PFS) demonstration for achieving energy and water savings in the multifamily assisted housing stock. HUD has now published the intent to collect information with comments due on July 8

HUD released the 2019 Mortgage Limits for Multifamily Housing Programs. The notice also updates the per unit limit for substantial rehabilitation from $15,000 to $15,933.

The National Council of State Housing Agencies (NCSHA) sent a letter to the Internal Revenue Service urging it to rescind its recent amendments to the LIHTC compliance monitoring regulations.

Senators Cory Booker (D-NJ), Maggie Hassan (D-NH), Tim Scott (R-SC) and Todd Young (R-IN) introduced S. 1344 which would require the Secretary of the Treasury to collect data and issue a report on the Opportunity Zone (OZ) tax incentives.

On April 17, the IRS and Treasury released the second set of proposed regulations relating to the Qualified Opportunity Zone (QOZ) program. The Proposed Regulations clarify several important issues within the QOZ program, summarized by Katten Muchin Rosenman LLP below. Please contact one of the members of Katten’s Opportunity Zone Working Group for further information.

HUD’s Office of Multifamily West Region issued a memo that nullifies the requirement to review the status of residents reporting zero or nominal (less than $100.00) income every 90 days.

Novogradac and Company released Part II of its analysis of the second tranche of Opportunity Zones regulations. In addition to the issues discussed in Part I, Michael Novogradac covers some of the issues getting the most attention including…

Enterprise Community Partners is hosting a congressional briefing on May 2 from 10-11:30 am EDT in the Capitol Visitor Center (SVC 212) on policy solutions for improving disaster recovery.

On April 30 the House Financial Services Committee (HFSC) held a hearing on Housing in America: Assessing the Infrastructure Needs of America’s Housing Stock. The hearing featured discussion on Chairwoman Maxine Water’s (D-CA) draft bill, Housing Is Infrastructure Act of 2019, and testimony from: