News
Treasury and IRS Release Proposed Regulations for Production Tax Credit
The U.S. Department of the Treasury and Internal Revenue Service (IRS) released proposed regulations regarding the Production Tax Credit (PTC) for hydrogen under Section 45V of the Internal Revenue Code
FHFA Announces Increase to LIHTC Cap for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (The Enterprises) are each allowed to invest up to $1 billion annually (originally $850 million) in LIHTC equity beginning in 2024.
Deadline Extended for ACHP/HUD Secretary’s Award for Excellence
The Advisory Council on Historic Preservation (ACHP), in partnership with HUD, recognizes developers, organizations, and agencies for their success in advancing the goals of historic preservation through the Secretary’s Award for Excellence in historic preservation.
Kentucky Releases Application and Policy Document for CDBG-DR
The Kentucky Housing Corporation (KHC) announced that the Department for Local Government (DLG) published the application and policy document for the 2021 Community Development Block Grant Disaster Recovery (CDBG-DR) program for multifamily new construction activities.
Iowa Pre-Application for Innovation Set-Aside now Available
Iowa announced that all applicants interested in participating in the Innovation Set-Aside during the 2025 allocation year must submit a pre-application through the LIHTC Online Application which includes a $500 application fee.
Affordable Housing Credit Improvement Act Reaches 200 Co-Sponsors in the House
The Affordable Housing Credit Improvement Act achieved a major milestone – 200 co-sponsors within the House of Representatives (H.R. 3238).
ACTION Campaign Released Updated Fact Sheets
The ACTION Campaign updated their national, state and district fact sheets highlighting the newest data on the Housing Credit and its impact in communities across the nation.
HUD Extends Deadline for Third Wave of GRRP Elements to March 28
HUD is extending the deadline for applications for wave three of the Green and Resilient Retrofit Program (GRRP) Elements cohort from January 4 to March 28, 2024.
HUD Releases 2023 Annual Homeless Assessment Report
HUD released its 2023 Annual Homeless Assessment Report: Part 1: Point-in-Time Estimates, which estimates the number of individuals in shelters, temporary housing and in unsheltered settings through Point-in-Time (PIT) counts.
Rural Housing Serve Reform Act Introduced in the House
Representatives Emanuel Cleaver (D-MO) and Blaine Luetkemeyer (R-MO) introduced the bipartisan Rural Housing Service Reform Act (H.R. 6785). The measure would ensure that USDA Section 515 properties with maturing mortgages remain affordable by making it easier for nonprofits to acquire the properties and retain their rental assistance.
GAO Releases LIHTC Report – Opportunities to Improve Oversight
The U.S. Government Accountability Office (GAO) issued a report that recommends additional oversight on the LIHTC program.
Minnesota HFA Announces Funding Selections for 2023
The Minnesota Housing Finance Agency (MHFA) announced their funding selections for 2023.