News

Florida Board of Directors Meeting – March 26

The Florida Housing Finance Corporation (FHFC) Board of Directors meeting is scheduled for March 26.

HUD Seeks Feedback on RAD Closing and Post-Closing Processes

HUD Recap is hosting a listening session on January 24 at 12:00 p.m. ET. The facilitated listening session is part of the Closing and Post-Closing team’s ongoing process evaluation efforts.

New Hampshire Introduces H.B. 1470 to Review State LIHTC

New Hampshire’s House of Representatives introduced H.B. 1470, which would establish a committee to study the feasibility of a State LIHTC, which the state currently does not utilize.

Comments on Connecticut’s Housing Environmental Improvement Revolving Loan Fund Due Jan. 31

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

House HUD Oversight Hearing Summary

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.

HUD Notice Changes Income Limit Caps; Limits LIHTC and PAB Rent Increases to Ten Percent

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.

Tax Agreement Includes Top Two LIHTC Provisions

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 Extends Application Round Deadline to Jan. 11

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 Publishes Notice for GRRP Supplement

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.