News
HUD Notice Eliminates Assurance of Completion on a Section 223(f) with New LIHTC
A new Mortgagee Letter (2023-24) eliminates the ten percent assurance of completion to be added to the Escrow Agreement for Deferred Repairs for 223(f) projects with LIHTC
OHFA Announces NSPIRE Training
The Ohio Housing Finance Agency (OHFA) and Ohio Capital Corporation for Housing (OCCH) are sponsoring an in-person National Standards for the Physical Inspections of Real Estate (NSPIRE) training provided by US Consultants.
CDFI NMTC Deadline Reminder
The deadline for online submission of the NMTC Allocation Application through the CDFI Fund’s Awards Management Information System (AMIS) is before 5:00 p.m. ET, December 19.
RI Housing Announces Brett Pelletier as Chief Administrative Officer
Rhode Island Housing and Mortgage Finance Corporation (RI Housing) announced that it appointed Brett Pelletier as Chief Administrative Officer.
FHFC Announces Release of Q&A for SAIL Funding RFA
The Florida Housing Finance Corporation (FHFC) announced the release of the questions and answers document regarding Request for Application RFA 2023-213 SAIL Funding for Live Local Mixed Income, Mixed-Use, And Urban Infill Developments is posted to the RFA Webpage.
HUD Launches Free Energy and Water Benchmarking Service for HUD-Assisted Multifamily Properties
HUD is making its Energy and Water Benchmarking Service available for properties participating in its Multifamily project-based rental assistance programs.
Congress Introduces Workforce Housing Tax Credit Act
Senators Ron Wyden (D-OR) and Dan Sullivan (R-AK) and Representatives Jimmy Panetta (D-CA) and Mike Carey (R-OH) introduced the Workforce Housing Tax Credit Act (S. 3436 and H.R. 6686).
Naxalone Resources for HUD-Assisted Properties
HUD, the Department of Health and Human Services and the White House Office of National Drug Control Policy urge HUD grantees to proactively engage with public health and other community organizations to combat the opioid crisis and keep their communities safe.
Over 46,000 Applications Received for Low-Income Communities Bonus Credit Program
The U.S. Department of the Treasury, Internal Revenue Service (IRS) and Department of Energy (DOE) announced that the Low-Income Communities Bonus Credit Program received more than 46,000 applications within the initial 30-day application period.
HUD Announces Proposed “30-Day Notice” Rule for Nonpayment of Rent
A new HUD Proposed Rule would require public housing agencies (PHA) with tenants in public housing and owners of properties participating in HUD Multifamily project-based rental assistance programs to provide their tenants with written notification at least 30 days prior to filing for eviction due to nonpayment of rent in court.
House Financial Services Subcommittee Hearing on Housing Affordability – Today at 10 a.m.
The Housing and Insurance Subcommittee of the House Financial Services Committee will hold a hearing on “Housing Affordability: Governmental Barriers and Market-Based Solutions” at 10 a.m. ET on December 6.
HUD Publishes 2024 OCAFs; National Rate of 5.3 Percent
The U.S. Department of Housing and Urban Development published the operating cost adjustment factors (OCAFs) for eligible multifamily housing properties with an anniversary date on or after Feb. 11, 2024.