News
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 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 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.
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.
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
New Hampshire Announces Funding Opportunity Through GRRP
New Hampshire Housing announced a funding opportunity through the Inflation Reduction Act (IRA) enacted in 2022.
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,
Fannie Mae Announces Leadership Changes
Fannie Mae announced a series of leadership changes in which two veteran executives will soon retire from the company.
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.
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.
JCHS Housing America’s Older Adults Release Webinar – Nov. 30
The Joint Center for Housing Studies (JCHS) of Harvard University is holding a virtual event for the release of its latest report, Housing America’s Older Adults 2023, on November 30 at 4 p.m. EST.
Pennsylvania Announces Reminder to Submit 9 Percent Applications
The Pennsylvania Housing Finance Agency (PHFA) announced a reminder to submit the full nine percent application by Jan. 11, 2024 at 5:00 p.m. ET in both hard copy and electronic format.