News

Continue reading for three updates from the RAD Team at HUD.

The report found that over 68% of NMTC investments through 2015 could be classified as either single/mixed-use real estate, health care and social services, manufacturing, and education.

While the 9-page “Unified Framework For Fixing Our Broken Tax Code” is silent on many critical details, one key feature is a 20% corporate tax rate. This lower rate potentially creates two snags for the tax-incentivized real estate industry.

Given the historically large number of RAD closings ever November, HUD has suggested to owners closing in October to consider a December 1 HAP effective date rather than November 1.

CohnReznick found that housing tax credit properties are operating better than any period in the program’s history.

Mr. Kurtz currently serves as Deputy Chief of Staff for Policy and Programs at HUD in the Office of the Secretary and previously held several other positions in the department during the George W. Bush Administration. 

As Deputy Secretary, Patenaude will oversee day-to-day operations at the Department.

If enacted, areas that experienced federally-declared disasters from 2012 – 2015 would receive additional allocations towards tax credit programs

If the nomination is successful, it will be Brian Montgomery’s second time serving as FHA commissioner.

HUD recently published in the Federal Register 2018 updated Difficult to Develop Areas (DDAs) and Qualified Census Tracts (QCTs).

President Trump signed into law on Friday legislation that provided both hurricane recovery funds as well as continued appropriations to keep the federal government funded through December 8.

U.S. Representatives submitted nearly one hundred amendments to the FY-2018 Transportation-HUD appropriations legislation (HR 3354).