News

HUD published the Interim Best Practices for Documenting Compliance with the Departmental Radon Policy in HEROS.

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation issued an interim final rule and technical amendments regarding the Community Reinvestment Act (CRA) final rule.

The Internal Revenue Service (IRS) allocated an additional $8.2 million in unused LIHTC carryovers to 28 states, ranging from $1.1 million to Texas to $24,409 to Vermont.

The DC Department of Human Services (DHS) reopened its Emergency Rental Assistance Program (ERAP) application portal on April 1.

Judge Matthew Kacsmaryk of the U.S. District Court for the Northern District of Texas granted the injunction to extend the Community Reinvestment Act (CRA) final rule’s effective date—April 1—along with all other implementation dates.

A new regulation allows owners of properties with financing from USDA’s Section 515 and 514/516 rental programs to apply cash to approved soft debt.

The Affordable Housing Tax Credit Coalition (AHTCC) is now accepting nominations for its annual Charles L. Edson Tax Credit Excellence Awards, which recognize outstanding affordable housing developments and organizations that have demonstrated especially impactful use of the LIHTC.

HUD’s Office of Housing detailed the recent changes to the Rental Assistance Demonstration (RAD) statute included in the FY 2024 Appropriations bill.

HUD published the 2024 Income Limits, which determine eligibility for assisted housing programs, including the Public Housing, Section 8 project-based, Section 8 Housing Choice Voucher, Section 202 housing for the elderly and Section 811 housing for persons with disabilities programs, as well as Multifamily Tax Subsidy Project (MTSP) income limits that determine eligibility for LIHTC and tax-exempt private activity bond (PAB)-financed properties.

HUD published the Annual Adjustment Factors (AAFs) for Fiscal Year (FY) 2024. AAFs are used to adjust rents for housing assistance payments (HAP) contracts.

A new Rural Housing Service rule requires owners of Section 515 and 514/516 rental properties to give tenants written notification at least 30 days before terminating a lease or taking eviction actions.

The Council of Economic Advisers released the 2024 Economic Report of the President, which includes a chapter on Increasing the Supply of Affordable Housing.