News
GAO Releases LIHTC Report – Opportunities to Improve Oversight
The U.S. Government Accountability Office (GAO) issued a report that recommends additional oversight on the LIHTC program.
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).
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
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.
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.
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.
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.
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.
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.
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.
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.