News

The California Department of Housing and Community Development (HCD) announced the hire of Mark Stivers as the acting Deputy Director for the Division of Financial Assistance. The Division of Financial Assistance administers the HCD’s loan and grant programs.

On Feb. 1, HUD sent proposed changes to its disparate impact regulations to the Office of Information and Regulatory Affairs (OIRA) at the Office of Management and Budget (OMB). OIRA now has up to 90 days to review the changes and send them back to HUD to publish in the Federal Register.

The Office of Multifamily Housing at HUD sent a message to owners with rental subsidy contracts that have expired or are due to expire in February notifying them that HUD is prioritizing their contract renewals.

The Community Development Financial Institutions (CDFI) Fund and Office of the Comptroller of the Currency are holding a two-day workshop for potential FY 2019 Qualified Issuer and Guarantee applicants on Feb. 25 & 26, 2019.

The Community Development Financial Institutions (CDFI) Fund announced that the allocation awards announcement for the calendar year 2018 round of the new markets tax credit (NMTC) is delayed until spring 2019, due to the recent government shutdown.

Representatives Emanuel Cleaver (D-MO) and Sean Duffy (R-WI) reintroduced the Housing Choice Voucher Mobility Demonstration Act of 2019, which encourages families receiving housing choice vouchers to move to lower-poverty areas, enabling more access to areas of greater opportunity.

The Senate Committee on Banking, Housing and Urban Affairs will consider the nomination of Mark Calabria to head the Federal Housing Finance Agency (FHFA) on Feb. 14 at 10 am ET.

Funding for the federal government is government is set to expire on Feb. 15 and lawmakers have been working around the clock to broker a deal on funding for the Department of Homeland Security (DHS) that can garner support from President Trump and Democrats.

Minnesota Housing is holding a public hearing on the 2019 Action Plan on Feb. 21 at 4 pm at the Minnesota Department of Human Services, Room 1240, 444 Lafayette Road, St. Paul. Minnesota Housing, along with the Department of Employment and Economic Development and Department of Human Services, is developing the action plan which directs how the state will meet needs and priorities in 2019 and will be submitted to HUD to receive federal housing and community assistance funding.

The Los Angeles City Council has voted unanimously to set aside $120 million, 10 percent of the Proposition HHH supportive housing bond, for a pilot program that seeks strategies for expediting and containing the cost of permanent supportive housing development.

Members of the Tennessee legislature are pushing a bill that would help ease housing affordability challenges in urban areas. The Affordable Rental Property Act would give tax breaks to property owners offering rents below a certain affordability threshold. These tax breaks would be available in areas that currently lack sufficient affordable housing and are specifically targeted towards […]

A new National Opportunity Zones Ranking report ranks each of the designated Opportunity Zones based on its Smart Growth Potential as well as its Social Equity and Vulnerability Index score to create a “Smart Growth Potential” filter for investors to identify which Opportunity Zones should be prioritized for investment from a triple-bottom-line perspective that can deliver positive economic, environmental and social returns.