News

NH&RA News

Energy Efficiency For All Releases Best Practices for Reaching Multifamily Projects

The guide identifies 12 best practices for policymakers, regulators, and program administrators to help building owners invest to increase the energy efficiency of multifamily affordable housing.

General News

New Markets Tax Credit Pays for Itself and Then Some, New Report Finds

Between 2003 and 2015, NMTC investments generated more than $156 billion in economic activity, creating over 1 million jobs and $6.7 billion in state and local tax revenues.

General News

CDFI Fund Hosts Q&A Sessions on 2018 Bond Guarantee Program – $500M Available to CDFIs

A total of up to $500 million in bond guarantee authority is available to eligible Community Development Financial Institutions (CDFIs) in FY 2018, pending Congressional authorization.

congress-capitol

House, Senate Pass Two-Week Continuing Resolution

The House is likely to have a floor vote on Thursday for a two-week continuing resolution to avoid a government shutdown Friday at midnight. The potential for snags could come from Democrats and Conservative Republicans alike, for differing reasons.

HUD

CNA eTool Mandatory Usage for Certain RAD Properties Begins 2/1/2018

To support a growing number of users, HUD’s Office of Multifamily continues to train staff and the CNA e-Tool team has provided many resources.

Federal Housing Finance Agency

FHFA Announces Reduced 2018 MF Lending Caps for GSEs

To be excluded from the caps, loans for water and energy efficiency improvements must demonstrate at least a 25% energy or water savings.

General News

Freddie Mac Creates Impact Gap Execution for Unsubsidized Affordable Properties

This will give nonprofit borrowers a needed edge to compete with market rate developers, helping save naturally affordable properties from common issues including deterioration, abandonment, and gentrification. 

HUD

HUD Launches New Section 8(bb) Preservation Tool

If a PBRA HAP contract is terminated or expires and is not renewed, HUD is authorized to transfer any remaining budget authority to either a new or an existing PBRA HAP contract to provide assistance to eligible families. HUD provides a list of potential properties which are eligible for an 8(bb) transfer, which will be useful to owners who are interested in transferring their PBRA budget authority.

NH&RA News

Bipartisan Policy Institute Issues Report on Positive Health Outcomes from LIHTC

A new report published by the Bipartisan Policy Institute, finds that properties financed through the LIHTC have contributed to social, economic, and educational benefits for communities and families, as well as helped reduce homelessness.

congress-capitol

NMTC/HTC Support Letter for House Republicans Closes Today – Urge Your Rep. to Sign-On

Congressman Smucker (R-PA) is requesting signatures for a letter urging Speaker Paul Ryan and Chairman Kevin Brady to preserve the Historic Tax Credit (HTC) and make the New Markets Tax Credit (NMTC) permanent. The letter is open to House Republicans and it closes TODAY, Wednesday, November 29th at 7 p.m. Eastern. 

HUD

Updates to Flat Rent Requirements

The Notice, issued November 15, supersedes and replaces the guidance provided in Notice PIH 2015-13 and clarifies HUD’s interpretation of the statutory amendment related to flat rents.

HUD

HUD Publishes New RAD PBV HAP Contract

HUD has published PBV contract documents incorporating the changes made by the RAD rider directly into the standard PBV HAP contract.

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