News
IRS Allocates Additional $8.2 Million in Unused LIHTCs to 28 States
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.
HUD Publishes Guidance on Compliance with the New Radon Policy
HUD published the Interim Best Practices for Documenting Compliance with the Departmental Radon Policy in HEROS.
HUD Updates GRRP NOFOs
In April, HUD published updates to the three Green and Resilient Retrofit Program (GRRP) Notices of Funding Opportunities (NOFOs) Elements, Leading Edge and Comprehensive.
Bank Regulators Propose Jan. 1, 2026 CRA Applicability Date for Facility-Based Assessment Areas in Interim Final Rule
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.
EPA Announces Greenhouse Gas Reduction Fund Awardees
The Environmental Protection Agency (EPA) announced selections for $20 billion in grant awards under two competitions within the Greenhouse Gas Reduction Fund (GGRF).
DC Opens Emergency Rental Assistance Program Portal
The DC Department of Human Services (DHS) reopened its Emergency Rental Assistance Program (ERAP) application portal on April 1.
HUD Highlights Congressional Changes to RAD Statute, Implementation Guidance Forthcoming
HUD’s Office of Housing detailed the recent changes to the Rental Assistance Demonstration (RAD) statute included in the FY 2024 Appropriations bill.
Court Grants Injunction of CRA Final Rule – Delays Implementation
Judge Matthew Kacsmaryk of the U.S. District Court for the Northern District of Texas granted the injunction to extend the Community Reinvestment Act (CRA) final rule’s effective date—April 1—along with all other implementation dates.
USDA Formalizes 30-Day Written Eviction Notices
A new Rural Housing Service rule requires owners of Section 515 and 514/516 rental properties to give tenants written notification at least 30 days before terminating a lease or taking eviction actions.
Nominations for Edson Awards Due May 3
The Affordable Housing Tax Credit Coalition (AHTCC) is now accepting nominations for its annual Charles L. Edson Tax Credit Excellence Awards, which recognize outstanding affordable housing developments and organizations that have demonstrated especially impactful use of the LIHTC.
Flexibility Increased for Rural Multifamily Owners to Use Surplus Cash
A new regulation allows owners of properties with financing from USDA’s Section 515 and 514/516 rental programs to apply cash to approved soft debt.
HUD Publishes FY 2024 AAFs
HUD published the Annual Adjustment Factors (AAFs) for Fiscal Year (FY) 2024. AAFs are used to adjust rents for housing assistance payments (HAP) contracts.