News
NMTC Responsible for 272 Projects, 60,000 Jobs in 2017
The New Markets Tax Credit Coalition recently released its 2018 New Markets Tax Credit (NMTC) Progress Report.
Secretary Carson Announces First Round of Envision Center Designations
EnVision Centers will offer HUD-assisted families access to services that can help them achieve self-sufficiency and serve as an incubator to support four key pillars of self-sufficiency: economic empowerment; educational advancement; health and wellness; and character and leadership.
Legislation Passes House Committee to Permanently Authorize CDBG-DR
The Reforming Disaster Recovery Act of 2017 (H.R. 4557) proposes to permanently authorize the Community Development Block Grant – Disaster Recovery (CDBG-DR) program.
Average American Needs to Make $22.10/Hour to Afford Modest 2BR Apartment
The National Low Income Housing Coalition today published its 2018 edition of Out of Reach – an annual report comparing wages to rental housing affordability throughout the United States.
IRS Updates Opportunity Zone FAQs, 2017 Gains Eligible for Deferral
The IRS has updated the Opportunity Zones Frequently Asked Questions document to reflect that both 2017 and 2018 gains invested in Opportunity Zone Funds are eligible for deferral.
Senate Committee Passes FY-19 THUD Spending Bill, Significant Increase for HUD
The US Senate Appropriations Committee has approved its FY-2019 Transportation, Housing, and Urban Development spending measure (S. 3023). The Senate committee proposes an additional $4.3 billion in Tenant Based Vouchers and an additional $400 million in Project Based Rental Assistance over the House’s T-HUD funding language (which was approved by the full House Appropriations Committee on May […]
HUD Publishes Updated Mortgage Limits for Multifamily Housing
These limits have an effective date of January 1, 2018. New dollar amounts are provided in the Notice for Sections 220, 213, 234, 221 (D)(4), and 231.
HUD Updates Annual Base City High Cost Percentage, High Cost Area, Per Unit Substantial Rehab Threshold
The HUD Office of Multifamily Production has determined areas considered High Cost Areas, and has listed them in the notice.
HUD Allocates $266 Million to HTF
The Housing Trust Fund is purposed with increasing and preserving the supply of rental housing affordable to those with incomes below 50% AMI as well as home ownership opportunities for families with extremely low and low incomes (0-30%AMI and 30-50% AMI).
HUD Hosting RAD for PRACs Listening Session June 7
HUD is interested in hearing from industry participants and stakeholders, including Section 202 project owners, about how you’ve been thinking and planning for conversions, and what issues HUD should consider when developing conversion program requirements for Section 202 PRACs.
IRS Revises Form 8609, Adds Income Averaging Election
Several states have already adopted policies for dealing with the income averaging election while still others remain in the policy formation and comment collection process.
Family Mobility Demonstration Legislation Moves Forward in House
The legislation would allow families living in HUD-supported housing to move to lower-poverty, higher-opportunity areas.