News

The Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) released a new notice of proposed rule making on Opportunity Zones. A public hearing will be held on July 9 at 10 am EDT at the New Carrollton Federal Building at 5000 Ellin Road in Lanham, Maryland 20706.

On April 8, the Woda Cooper Companies opened its new Shepard Greene housing community in Zebulon, NC. The 50-unit apartment community offers age-in-place features and energy-efficient apartments for residents aged 55 years and older who are at 60 percent area median income or less.

President Trump named Scott Turner as the executive director of the White House Opportunity and Revitalization Council. Turner will work with HUD Secretary Ben Carson who chairs the council to direct federal funding to opportunity zones. Turner served in the Texas House of Representatives from 2013 through 2017 and played in the NFL from 1995 to 2004 for the Washington Redskins, San Diego Chargers and Denver Broncos

HUD is seeking comments and recommendations on how to best align HUD policy, practices, planned action, regulations and guidance with Opportunity Zones. This request for information aligns with Executive Order 13853 which created the White House Opportunity and Revitalization Council and directed federal agencies to prioritize or focus Federal investments and programs on urban and economically distressed communities, including qualified opportunity zones. Comments are due on June 17.

HUD published the Renewal Funding Inflation Factors (RFIFs) to adjust Fiscal Year 2019 renewal funding for the Housing Choice Voucher (HCV) program of each public housing agency. HUD posted the 2019 table and 2019 data on its website.

The Affordable Housing Tax Credit Coalition, of which NH&RA is a member, sent a letter to the Federal Housing Finance Agency (FHFA) Director Dr. Mark Calabria to welcome him to his new role and thank him for his comments during the confirmation process on promoting access to affordable housing, retaining the Government Sponsored Enterprises’ (GSE) […]

The Virginia General Assembly approved an amendment from Governor Northam (D) to increase appropriations for the Virginia Housing Trust Fund (VHTF) by $4 million in FY 2019 and FY 2020. T

HUD issued a notice on implementing several sections of the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155 of the 115th Congress) that was signed into law by President Trump on May 24, 2018. Section 209 of the bill made several amendments pertaining to small public housing agencies (PHAs) that administer 550 or fewer combined public housing units and vouchers under section 8(o) that predominantly operate in a rural area.

HUD is directing multifamily property owners/agents and public housing agencies that wish to appeal their REAC physical inspection score to a 2017 document titled Technical Reviews and Database Adjustments Guidelines.

HUD issued the FY 2019 Choice Neighborhoods Planning Grants Notice of Funding Availability (NOFA). The NOFA makes $5 million for Planning Grants and Planning and Action Grants available

HUD issued a Notice of Funding Availability (NOFA) for Section 202 funds. Section 202 provides Capital Advance funding and project rental subsidies for the development and ongoing operation of supportive rental housing for very low-income persons, aged 62 years or older.

On April 4, 2019 the Senate voted 52-44 to confirm Mark Calabria as the director of the Federal Housing Finance Agency (FHFA).