News

congress-capitol

Shut Down Ends After Congress Passes Stopgap Measure; Government Funding Expires Feb. 8

The Federal Government has reopened after a three day shut-down.  Congress passed a short-term funding bill that will continue to fund government activities through February 8, 2018.  The measure passed the House of Representatives on a  266-150 with all but 6 Republicans voting for the measure, who were joined by forty-five Democrats.  In the Senate the […]

NH&RA News

Robinson+Cole Releases 2018 Green Tax Incentive Compendium

Robinson+Cole’s Jerome Garciano has released the January 2018 version of his green tax incentive compendium, which includes recent changes from the 2017 Tax Cut and Jobs Act. This volume presents certain federal and state tax incentives promoting the renewable energy and energy efficiency industries. Each section outlines the basic features and regulatory requirements for a […]

Treasury

Changes to Community Reinvestment Act Forthcoming

Treasury is expected to unveil significant changes to Community Reinvestment Act (CRA) requirements, according to several media reports. CRA, originally put in place to combat redlining practices by home lenders, today accounts for a significant portion of housing credit investment, as banks can fulfill CRA requirements by investing in the LIHTC. Treasury Secretary Steve Mnuchin […]

HUD

Rental Assistance Demonstration (RAD): Conversion of Moderate Rehabilitation Contracts Webinar 1/30

This webinar will introduce owners, Continuums of Care, and Public Housing Agencies who are interested in converting their Moderate Rehabilitation (Mod Rehab) and Moderate Rehabilitation Single Room Occupancy (SRO) contracts under the RAD to the basic eligibility requirements, application process, and benefits of RAD conversion.

HUD

NYU Furman Center: Small Area FMRs Would Increase Number of Units Affordable to Voucher Holders by 9%

The timely report follows a recent court ruling reinstating HUD’s January 1, 2018 implementation date for the Small Area FMR requirement.

HUD

HUD Delays Local Governments’ Assessments of Fair Housing

HUD’s recent notice in the Federal Register extends the deadline for submission of Assessments of Fair Housing (AFH) past October 31, 2020 (participants have varying specific deadlines).

NCSHA

NCSHA Names Garth Rieman Interim Executive Director

Former executive director Barbara J. Thompson stepped down on December 31 after 30 years with NCSHA, serving the last 16 years in the role of executive director.

congress-capitol

Senator Orrin Hatch, LIHTC Champion, Announces Retirement

Not only did Hatch play a large role in the recent tax reform legislation, but he is also a great ally for the Low Income Housing Tax Credit – serving as the Republican co-sponsor on legislation to expand and improve the credit.

General News

Advocacy Needed for RAD in Final Appropriations Act

There is still time to press the case for extending RAD’s authority in the final form of the FY 2018 appropriations act.

HUD

Federal Court Reinstates Small Area Fair Market Rent Requirement

A Dec. 23 ruling by a U.S. District Court means the determination of fair market rent (FMR) in two dozen of the nation’s largest metropolitan areas has come full circle.

HUD

HUD Streamlines Admin Regs, Relaxes Annual Income Certification Requirements

The goal of these changes is to reduce the regulatory burden on PHAs and Multifamily Housing Owners. The effective date of these changes is March 12, 2018, with comments due January 11, 2018.

General News

Capital Magnet Fund Remains Oversubscribed

120 organizations applied for almost $540 million, with only $119.5 million available in the round.

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