News
Final CRA Rule Includes Impact Factor for LIHTC Investments
The Federal Reserve, Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) released the Community Reinvestment Act Final Rule, factsheet and overview of key objectives. NH&RA submitted comments last year and is still in the process of going through the new regulations.
DOL Publishes Final Rule on Davis Bacon
The Department of Labor (DOL) published the final rule in August that updates regulations issued under the Davis-Bacon and Related Acts.
AHTCC Announces Growing Support for the Credit Improvement Act
The Affordable Housing Tax Credit Coalition (AHTCC) announced that support for the Affordable Housing Credit Improvement Act (AHCIA) of 2023 (H.R. 3238/S. 1557), legislation to expand and strengthen the Housing Credit, has continued to steadily grow.
California Publishes Opportunity Maps
The California Tax Credit Allocation Committee/Housing Community Development (CTCAC/HCD) published the 2024 Draft Opportunity Maps.
NH&RA Green Resources
NH&RA is proud to help our members transition to a clean economy by leveraging resources from the Inflation Reduction Act and the Infrastructure Investment and Jobs Act.
Comments on Advisory Council on Historic Preservation’s Draft Housing Policy Statement Due Nov. 11
The Advisory Council on Historic Preservation is developing a policy statement on housing and historic preservation.
IRS Allocates more than $3.2 Million in Unused LIHTCs to 28 States
In Revenue Procedure 2023-32, the Internal Revenue Service (IRS) allocate more than $3.2 million in unused Federal LIHTCs to 28 states – ranging from $450,249 for Texas to $9,702 for Vermont.
Fannie Mae Multifamily Introduces Sponsor-Dedicated Workforce (SDW) Housing
Fannie Mae announced a new Sponsor-Dedicated Workforce (SDW) product to create and preserve workforce housing through the company’s network of Delegated Underwriting and Servicing (DUS®) lenders.
Governor Newsom Signs Package to Streamline Housing and Expand Tenant Protections in California
Governor Gavin Newsom (D) announced that he signed 56 bills into law that incentivize and reduce barriers to housing and support the development of more affordable homes throughout California.
California Invests $736 Million to Fund Homekey Projects
Governor Gavin Newsom announced the first grant awards from round three of Homekey, the administration’s initiative to help jurisdictions rapidly expand the availability of permanent or interim housing for individuals and families experiencing or at risk of, homelessness.
Massachusetts Increases State LIHTC to $60 Million
Governor Maura Healey (D) signed budget legislation, which increases the annual cap for the Massachusetts’ State LIHTC edit from $40 to $60 million.
NLHA Releases Insurance Survey Results
The National Leased Housing Association (NLHA) published the results of its insurance this week.