News

HUD

CNA e-Tool Training Webinar 12/7 and Updated Implementation Instructions

This training will focus on the role of PHAs reviewing the e-Tool provided by an independent assessor and then submitting the e-Tool to the RAD Resource Desk as part of the PHA’s Financing Plan submission.

congress-capitol

House Committee Passes Family Self Sufficiency Act

H.R.4258, introduced by Reps. Sean Duffy (R-WI) and Emanuel Cleaver (D-MO), would permanently reauthorize the Family Self Sufficiency (FSS) Act. The bill also makes several improvements.

congress-capitol

Urge Congressional Representatives to Join Sign-On Letter Defending Bonds

Rep. Randy Hultgren (R-IL-14) is circulating a letter to House and Senate leadership opposing the proposed elimination of tax exempt private activity bonds in the House’s version of the Tax Cuts and Jobs Act (H.R. 1), focusing on the need for private activity bonds to support investments in our nation’s infrastructure.

Federal Housing Finance Agency

Fannie Mae and Freddie Mac to Re-enter LIHTC Market

FHFA made the announcement on November 16 that Fannie Mae and Freddie Mac are reentering the LIHTC market as equity investors in a limited role, effective immediately.

congress-capitol

Tax Reform: House Bill Passes Floor Vote, Senate Committee Approves Markup and Improves HTC

The House is prepared for a Thursday floor vote on The Tax Cuts and Jobs Act (H.R. 1), meanwhile, the Senate Committee on Finance is in its third day of markup and a modified chairman’s mark was released by Chairman Orrin Hatch (R-UT) Tuesday night.

congress-capitol

Novogradac & Company Provides Analysis of Jobs Lost Due to Affordable Housing Provisions in House Tax Reform Legislation

Novogradac & Company has expanded its recent analysis of the  currently drafted H.R. 1, the Tax Cuts and Jobs Act, which would reduce the future supply of affordable rental housing by nearly 1 million rental homes, a loss of as much as two-thirds current affordable rental housing production. That significant reduction in housing production would also […]

congress-capitol

New Analysis Estimates Repeal of PABs Would Reduce Affordable Housing Production by 75,000 Units Annually

A new analysis conducted by the law firm Norris George & Ostrow, PLLC and shared with a number of Senators and Congressional Representatives finds that the elimination of Private Activity Bonds (PABs) proposed in HR 1 would reduce affordable housing production by as much as 75,000 units per year or about 60% of the nation’s annual affordable housing production. 

HUD

HUD Updates Multifamily Mortgage Limits for 2017

These limits have an effective date of January 1, 2017.

HUD

HUD Releases Section 8 Annual Adjustment Factors for FY 2018

The U.S. Department of Housing and Urban Development has published Annual Adjustment Factors (AAFs) for 2018. AAFs are used to adjust contract rents for units assisted in certain Section 8 housing assistance payment programs during the initial term of the HAP contract.

HUD

HUD Hosts Live RAD Q&A Session Nov. 9

HUD will host a live Q&A webinar on Thursday, November 9 from 2:30-3:30 p.m. EST to provide a brief overview and discussion of the Completion Certification and the RAD Minority Concentration Analysis Tool.

congress-capitol

House Tax Reform Bill Eliminates HTC, NMTC; Eliminates Private Activity Bonds

The House Ways and Means Committee has released the full text of its Tax Cuts and Jobs Act. The Committee plans to begin markup on the proposed legislation on November 6, with plans for a House floor vote sometime in mid-November. Several changes within the code would drastically change the landscape of affordable housing and community development.

California

California Schedules Workshop for Affordable Energy Efficiency Financing Pilot

California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) is hosting a public workshop on the Affordable Multifamily Energy Efficiency Financing Pilot under the California Hub for Energy Efficiency Financing (CHEEF) on Tuesday, November 7, 2017.  CAEATFA, in its partnership with the CPUC, will provide a credit enhancement to private capital lenders to expand access to financing […]

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