News
NCSHA Releases 2023 Update of Recommended Practices
NCSHA released the 2023 update of recommended practices, which are voluntary standards in Housing Credit allocation, underwriting and compliance monitoring that all states should consider adopting.
HUD Announces Launch of Build America, Buy America Webpage
HUD announced the launch of the Build America, Buy America Act (BABA) webpage on the HUD Exchange.
California Announces NOFA for $172 Million
The California Department of Housing and Community Development (HCD) released the final National Housing Trust Fund (NHTF) guidelines and Notice of Funding Availability (NOFA) of approximately $172 million.
Virginia Housing Announces Appointment of Interim CEO
Virginia Housing’s Board of Commissioners announced the appointment of Janet Wiglesworth as the housing finance agency’s interim chief executive officer, effective January 1.
California Publishes Opportunity Maps
The California Tax Credit Allocation Committee/Housing Community Development (CTCAC/HCD) published the 2024 Draft Opportunity Maps.
DOL Publishes Final Rule on Davis Bacon
The Department of Labor (DOL) published the final rule in August that updates regulations issued under the Davis-Bacon and Related Acts.
AHTCC Announces Growing Support for the Credit Improvement Act
The Affordable Housing Tax Credit Coalition (AHTCC) announced that support for the Affordable Housing Credit Improvement Act (AHCIA) of 2023 (H.R. 3238/S. 1557), legislation to expand and strengthen the Housing Credit, has continued to steadily grow.
Final CRA Rule Includes Impact Factor for LIHTC Investments
The Federal Reserve, Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) released the Community Reinvestment Act Final Rule, factsheet and overview of key objectives. NH&RA submitted comments last year and is still in the process of going through the new regulations.
Governor Newsom Signs Package to Streamline Housing and Expand Tenant Protections in California
Governor Gavin Newsom (D) announced that he signed 56 bills into law that incentivize and reduce barriers to housing and support the development of more affordable homes throughout California.
Fannie Mae Multifamily Introduces Sponsor-Dedicated Workforce (SDW) Housing
Fannie Mae announced a new Sponsor-Dedicated Workforce (SDW) product to create and preserve workforce housing through the company’s network of Delegated Underwriting and Servicing (DUS®) lenders.
Massachusetts Increases State LIHTC to $60 Million
Governor Maura Healey (D) signed budget legislation, which increases the annual cap for the Massachusetts’ State LIHTC edit from $40 to $60 million.
California Invests $736 Million to Fund Homekey Projects
Governor Gavin Newsom announced the first grant awards from round three of Homekey, the administration’s initiative to help jurisdictions rapidly expand the availability of permanent or interim housing for individuals and families experiencing or at risk of, homelessness.