News

Tom Davis, Director of the Office of Recapitalization at HUD, sent a letter to Commitment to Enter into a Housing Assistance Payments Contract (CHAP) Awardees detailing the 2019 timeline for year-end closings of Rental Assistance Demonstration (RAD).

The New Markets Tax Credit (NMTC) Extension Act of 2019 was introduced in both the Senate (S.750) and House (H.R. 1680). The bill would permanently extend the NMTC and provide an annual inflation adjustment.

President Trump released his proposed FY 2020 ‘skinny’ budget, “A Budget for a Better America: Promises Kept. Taxpayers First.” Overall, the budget proposes to cut HUD by $9.6 billion or 18% below 2019 enacted levels. These cuts are similar in magnitude to the proposed cuts in the President’s FY-2019 budget request.

FOR IMMEDIATE RELEASE Press Contact: Thom Amdur, President National Housing & Rehabilitation Association 202-939-1753 or tamdur@housingonline.com March 6–The National Housing & Rehabilitation Association is proud to announce that its Board of Directors elected Robert Fein, Principal and Chief Operating Officer for Red Stone Equity Partners, as its Chair and named Thom Amdur as the organization’s […]

In honor of its 50th anniversary, the Urban Institute launched the first in its Catalyst series of products that will be released over the next few months as part of the Next50 initiative. The inaugural Catalyst focuses on affordable housing and provides an overview of four promising solutions to the housing crisis being pursued in communities around the country: produce more housing, more cheaply; preserve affordable housing and neighborhoods; expand housing assistance; and widen homeownership options.

The Council of Development Finance Agencies (CDFA) released the first white paper of a series, Food Systems and Development Finance. This white paper explores the potential for development finance to support this new food system asset class with a dozen case studies featuring bonds, tax increment finance, tax credits and revolving loan fund programs.

The Department of the Treasury and the Internal Revenue Service published final regulations that amend the compliance monitoring regulations concerning the low-income housing tax credit under section 42 of the Internal Revenue Code. These final regulations revise and clarify the requirement to conduct physical inspections and review low-income certifications and other documentation. The regulations are […]

The FY 18 Appropriations Act authorized the conversion of properties assisted by Section 202 Project Rental Assistance Contracts. HUD is in the process of revising the RAD Notice to include a new Section 4 that would provide implementation instructions for the conversion of Section 202 PRACs under RAD. HUD published a draft Section 4 to the Office of Multifamily Housing’s “Drafting Table” for feedback. Following consideration of public feedback received, the Office of Recap will proceed toward incorporation of the new Section 4 into a revised RAD Notice.

On Feb. 26, the Senate Committee on Banking, Housing and Urban Affairs approved the nominations of Seth Appleton to be Assistant Secretary of HUD’s Office of Policy Development and Research, Dr. Mark Calabria to be Director of the Federal Housing Finance Agency and Robert Kurtz to be Assistant Secretary of HUD’s Office of Public and […]

Florida Housing released RFA 2019-104 “SAIL Financing For Smaller Permanent Supportive Housing Developments For Persons With Special Needs.”

On February 26, the Senate Committee on Banking, Housing and Urban Affairs will vote on the nomination of Mark Calabria to lead the Federal Housing Finance Agency. The Committee will also consider the nominations of Seth Appleton to lead HUD’s Office of Policy Development and Research and Robert Hunter Kurtz to be the Assistant Secretary […]

HUD published Notice PIH 2019-01, which makes available $5 million for Tenant Protection Vouchers (TPVs) for certain at-risk households in low-vacancy areas from FY 2018 appropriations. The FY 2018 appropriations bill set aside $5 million of the total $85 million for TPV.