News

General News

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.

Treasury

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.

General News

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

HUD Publishes Draft Notice of Processing Budget-Based Rent Increases

HUD’s Office of Multifamily Housing Programs published a draft housing notice clarifying the circumstances under which HUD will approve a budget-based rent increase for projects subject to Low Income Housing Preservation and Resident Homeownership Act (LIHPRHA) Use Agreements.

HUD

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.

HUD

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.

General News

Virginia Housing Announces Registration for 2024 Tax Credit Workshops

Vrgina Housing announced that registration is now open for the 2024 Tax Credit Workshops and QAP Deep-Dive Kickoff

General News

Fannie Mae Announces Leadership Changes

Fannie Mae announced a series of leadership changes in which two veteran executives will soon retire from the company.

New Hampshire

New Hampshire Announces Funding Opportunity Through GRRP

New Hampshire Housing announced a funding opportunity through the Inflation Reduction Act (IRA) enacted in 2022.

Wisconsin

Wisconsin Now Accepting Applications for Federal and State Tax Credits

The Wisconsin Housing and Economic Development Authority (WHEDA) is now accepting applications for the upcoming round of federal and state tax credits, which finance affordable workforce housing.

HUD

HUD Publishes Notice for Green Mortgage Insurance Premium Reporting

HUD’s Office of Multifamily Housing Programs and Office of Residential Care Facilities published a Housing Notice titled Required Use of Portfolio Manager for Green Mortgage Insurance Premium Compliance Reporting,

Florida

Florida Releases RFA Documents and Schedules Workshop

The Florida Housing Finance Corporation (FHFC) recently released a draft Request for Applications (RFA) 2024-102 SAIL Financing for Smaller Permanent Supportive Housing Developments for Persons with Special Needs to their website, including and a draft of the excel Exhibit A.

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