News

NH&RA News

Robinson+Cole Releases Updated 2018 Green Tax Incentive Compendium

Robinson+Cole’s Jerome Garciano has released a July 2018 update of his Green Tax Incentive Compendium, including the recent extensions of the investment tax credit for certain technologies, the 45L tax credit and the 179D tax deduction.

HUD

HUD Publishes RAD Changes Including from 2018 Appropriations Act

HUD recently published two Rental Assistance Demonstration (RAD) federal notices that codify FY 2018 Appropriations Act provisions (including authority for a substantial increase of public housing units) as well as revised HUD policies encompassing five innovations to improve RAD.

NH&RA News

Harvard Joint Center for Housing Studies Releases its Report on the State of the Nation’s Housing

On June 19, the Harvard University Joint Center for Housing Studies (JCHS) held an address and panel discussion at the National Press Club in Washington D.C. to formally present its 30th annual State of the Nation’s Housing report. Since 1988, the report has offered invaluable, applicable information on the housing industry for policymakers, investors, and […]

HUD

RAD Training Recordings Available

350 attendees packed HUD’s auditorium to learn about topics including resident rights and protections, the importance of strategic planning, and innovative uses of RAD to achieve local objectives.

congress-capitol

White House Proposal Would Move Rural Housing Programs to HUD, Transfer CDBG to Dept. of Commerce

The proposal would reorganize several aspects of the Federal Government, with affordable housing and GSE reform in the mix.

congress-capitol

Senate Votes Down Rescissions

Due to procedural rules, Congress had until June 22 to pass the rescissions with a simple majority.

Michigan

Opportunity, Optimism, and Insight on Detroit’s Community Development Showcased at National Housing Conference Policy Symposium

Last Friday morning, the National Housing Conference (NHC) held its Annual Policy Symposium in Washington D.C. to a welcoming audience of investors, researchers, and bureaucrats. The half-day event included an address by Detroit Mayor Mike Duggan on the city’s development, a panel of experts further discussing Detroit, and a panel discussing the growing impact and role of private-public partnerships in community development.

congress-capitol

Addiction Recovery Housing Bill Passes House

The THRIVE Act is a plan to create a transitional housing program for individuals recovering from opioid addiction or other substance abuse disorders.

HUD

HUD Updates FAQ for Transferring Budget Authority Under Section 8(bb)

HUD has released a new FAQ document for executing Section 8(bb) transfers, which allows for the transfer of budget authority from a terminated/expiring Project-Based Rental Assistance HAP contract to a new or existing PBRA HAP contract.

congress-capitol

Bipartisan Legislation Introduced to Enhance the Historic Tax Credit, Support Needed

NH&RA encourages its members to support this important legislation. Sponsors anticipate there is an opportunity to attach the basis adjustment language to a larger legislative package that is likely to move through Congress toward the end of the year. Support for the legislation needs to come from both sides of the aisle to improve its chances of enactment.

IRS

Treasury Makes Final Round of Opportunity Zone Designations

The final round of submissions were approved for: Florida; Nevada; Pennsylvania; and Utah. All Opportunity Zones can now be viewed on the CDFI Fund website.

NH&RA News

Citi Community Capital Hosts Opportunity Zones Webinar June 19

Registration is complimentary but spaces are limited.

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