News

The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (The Enterprises) are each allowed to invest up to $1 billion annually (originally $850 million) in LIHTC equity beginning in 2024.

HUD announced that it is awarding $173.9 million in new loans and grants under the Green and Resilient Retrofit Program’s (GRRP) Comprehensive and Elements categories.

The Kentucky Housing Corporation (KHC) announced that the 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.

The U.S. Department of the Treasury and Internal Revenue Service (IRS) released proposed regulations regarding the Production Tax Credit (PTC) for hydrogen under Section 45V of the Internal Revenue Code

Iowa announced that all applicants interested in participating in the Innovation Set-Aside during the 2025 allocation year must submit a pre-application through the LIHTC Online Application which includes a $500 application fee.

The Minnesota Housing Finance Agency (MHFA) announced their funding selections for 2023.

The Ohio Housing Finance Agency will hold its board meeting today, December 20 at 10:30 a.m. in the Roger McCauley Board Room at its office  – 2600 Corporate Exchange Drive, Columbus, OH 43231 – as well as virtually via GoToWebinar.

Representatives Emanuel Cleaver (D-MO) and Blaine Luetkemeyer (R-MO) introduced the bipartisan Rural Housing Service Reform Act (H.R. 6785). The measure would ensure that USDA Section 515 properties with maturing mortgages remain affordable by making it easier for nonprofits to acquire the properties and retain their rental assistance.

HUD is extending the deadline for applications for wave three of the Green and Resilient Retrofit Program (GRRP) Elements cohort from January 4 to March 28, 2024.

The U.S. Government Accountability Office (GAO) issued a report that recommends additional oversight on the LIHTC program.

HUD released its 2023 Annual Homeless Assessment Report: Part 1: Point-in-Time Estimates, which estimates the number of individuals in shelters, temporary housing and in unsheltered settings through Point-in-Time (PIT) counts.

The ACTION Campaign updated their national, state and district fact sheets highlighting the newest data on the Housing Credit and its impact in communities across the nation.