News
Senate Hearing to Address Housing Challenges
The Senate Committee on Banking, Housing and Urban Affairs will hold a hearing on April 26 at 10 a.m. ET entitled “Building Consensus to Address Housing Challenges.”
Senator King Says Affordable Housing Crisis is “Impinging the Rebuilding of the Economy”
Senator Angus King (I – ME) described housing affordability as a “national crisis that’s really impinging the rebuilding of the economy.”
HUD Secretary Fudge Testifies before House Appropriations Committee on FY 2024 Budget Request, To Testify Before Senate Appropriations Committee on April 20
HUD Secretary Marcia Fudge testified before the House Appropriations Committee on the department’s FY 2024 Budget Request.
FHFA To Launch Multifamily Tenant Protections RFI
The Federal Housing Finance Agency (FHFA) will issue a Request for Input (RFI) on multifamily tenant protections.
Accounting Standards Update Incents NMTCs, HTCs and RETCs
A blog post from Bad Elphick with Novogradac explains the recent Financial Accounting Standards Board (FASB) Accounting Standards update, which makes investing in New Markets Tax Credits (NMTCs), Historic Tax Credits (HTCs), Renewable Energy Tax Credits (RETCS) and any new tax credits created in the future more attractive to investors.
Senate Considers Nominations of NEC Chairman, HUD Assistant Secretaries
The Senate Committee on Banking, Housing and Urban Affairs held a nomination hearing for Dr. Jared Bernstein to be chairman of the Council of Economic Advisers and Solomon Greene to be an assistant secretary of Policy Development & Research at HUD and David Uejio to be assistant secretary for Fair Housing and Equal Opportunity at HUD.
HUD Highlights Land Use and Zoning Reforms
The Department of Housing and Urban Development released a new publication that summarizes the effects of restrictive land use policies on housing supply, location and affordability and highlights reforms that state and local governments can adopt to increase the housing supply.
BPC Webinar on Boosting Landlord Voucher Acceptance – April 14
The Bipartisan Policy Center (BPC) is hosting a webinar at 1 p.m. ET on April 14 with senior HUD officials for a presentation on the various challenges to landlord acceptance of vouchers, as well as agency initiatives to overcome those hurdles, followed by a discussion exploring the future of landlord participation in the program.
House Introduces New Markets Tax Credit Extension Act
Representatives Claudia Tenney (R-NY) and Terri Sewell (D-AL) introduced the New Markets Tax Credit Extension Act (H.R. 2539) in the U.S. House of Representatives.
IRS Guidance Releases Energy Community Bonus Credit Amounts Under the Inflation Reduction Act of 2022
The Internal Revenue Service (IRS) released Notice 2023-29, describing what constitutes an energy community for the ten percent bonus credit for production (PTC) and investment tax credits (ITC) under the Inflation Reduction Act (IRA).
DOE Issues RFI Seeking Input on IRA Funding Opportunity – Webinar April 18
The Department of Energy (DOE) issued a request for information (RFI) seeking public input on the design of a future funding opportunity to support the development, adoption and implementation of model building energy codes for residential and commercial buildings throughout the U.S., pursuant to the Inflation Reduction Act (IRA).
FHFA Announces Updated Equitable Housing Finance Plans for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) announced updates to Fannie Mae and Freddie Mac’s (the Enterprises) Equitable Housing Finance Plans for 2023