News

The Connecticut Public Act 23-205 established the Housing Environmental Improvement Revolving Loan Fund (RLF).

Last week, the House Financial Services Committee held an Oversight Hearing with HUD Secretary Marcia Fudge. The meeting centered around the rise of housing supply, unaffordability, homelessness and the conditions of public housing.  

A new HUD notice sets an absolute annual cap of ten percent on income limit increases for housing financed by LIHTCs, private-activity bonds (PABs) and for various HUD programs, including Section 8.

House Ways and Means Committee Chairman Jason Smith (R-MO) and Senate Finance Committee Chairman Roy Wyden (D-OR) announced a tax agreement, which includes LIHTC provisions to restore the 12.5 percent increase for nine percent LIHTCs for 2023-2025 and lower the bond financed-by test to 30 percent for allocation made in 2024 and 2025.

Virginia Housing announced that the deadline to submit the Locality Notification Information (LNI) form for the January 4 percent application round is extended to January 11 at 12 p.m. ET.

HUD’s Office of Multifamily Housing Programs published a Housing Notice titled Green and Resilient Retrofit Program (GRRP) Supplemental – Notice A to add flexibility in both grant and supplemental loan funds, as well as other administrative changes, that will enhance owners’ and developers’ ability to leverage GRRP funds for energy efficiency and climate resilience upgrades and rehabilitation projects.

The RAD Collaborative recently released a special report that highlights some outcomes for properties and residents under the RAD program.

HUD recently issued PIH Notice 2024-01 providing guidance to PHAs regarding the Buy America Preference (BAP) requirement of the Build America, Buy America Act (BABA).

The Federal Housing Finance Agency (FHFA) released a summary of responses received to their May 30, 2023, Request for Input (RFI) on resident-centered practices at multifamily properties backed by Fannie Mae and Freddie Mac.

Congress returns this week to address government funding deadlines set for January 19 and February 2.

The Kentucky Housing Corporation (KHC) Department for Local Government (DLG) published the application and policy document for the 2021 Community Development Block Grant Disaster Recovery (CDBG-DR) program for multifamily new construction activities.

Minnesota Housing announced the availability of up to $41 million in General Obligation (GO) bond proceeds to help finance public housing rehabilitation costs.