News
AHTCC Recommended Practices and Considerations
The Affordable Housing Tax Credit Coalition (AHTCC) released State Low-Income Housing Tax Credits: Recommended Practices and Considerations, as a tool for those working on the legislative and regulatory development of new state Housing Credit programs.
HUD Releases HOTMA Implementation Guidance
On September 29, HUD published Notice PIH 2023-17, which contains implementation guidance for Sections 102 and 104 of the Housing Opportunity Through Modernization Act of 2016 (HOTMA).
CDFI Fund Announces $300 Million in Guarantees
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced that they agreed to issue three guarantees totaling $300 million under the CDFI Bond Guarantee Program.
NLHA Releases Insurance Survey Results
The National Leased Housing Association (NLHA) published the results of its insurance this week.
Pennsylvania Announces Posting of Application Materials
The Pennsylvania Housing Finance Agency (PHFA) announced that all application materials for the 2024 LIHTC cycle are posted on the Agency’s website. PHFA plans to hold a pre-application meeting on October 4 at 9:00 a.m. ET via Microsoft Teams.
Senate Passes Bill to Avoid Shutdown
The U.S. government barely avoided a shutdown, where Congress passed a short-term funding measure to fund the government through November 17.
Los Angeles Community College District to Develop Student and Workforce Housing
Los Angeles Community College District (LACCD) announced their commitment to develop affordable housing for its students and workforce by issuing an RFI/RFQ to partner with interested parties, including public agencies and private entities.
North Dakota to Hold Scoring and Ranking Meeting for CDBG
The North Dakota Department of Commerce, Division of Community Services (NDDCS) announced that they will hold a scoring and ranking meeting for the FY 2023 CDBG pre-applications on October 5 at 9 a.m. CT.
HUD Awards $25 Million to At Risk PHAs
Last week, the HUD awarded $25 million to 157 public housing agencies (PHAs) experiencing or at risk of experiencing financial shortfalls.
Congress Seeks to Strike Deal to Avoid Shutdown
With a government shutdown four days away, Congress is moving into crisis mode as both sides seek to strike a deal.
Local Government Leaders Across the Nation Urge Congress to Expand, Strengthen the Housing Credit
Mayors, county executives and other elected executive leaders from local municipalities in nearly every state in the nation this week sent congressional leaders a letter urging Congress to pass the Affordable Housing Credit Improvement Act (AHCIA) (S.1557/H.R. 3238).
HUD Publishes 2024 QCTs, DDAs
Last week, HUD published its annual list of areas that qualify as Qualified Census Tracts (QCTs) or Difficult Development Areas (DDAs) for LIHTC purposes.