News
City of LA Hosts Executive Directive Webinar on July 27
The Office of Mayor Karen Bass and the City of Los Angeles’ development departments announced an informational webinar to discuss Executive Directive No. 1 – “Expedition of Permits and Clearances for Temporary Shelters and Affordable Housing Types.” scheduled on July 27 at 1:00 p.m. ET
Rhode Island Extends State Historic Credit Sunset through June 30, 2024
Rhode Island Governor Daniel McKee (D) recently signed H.B. 6016, which extends the sunset date of the state historic tax credit (HTC) to June 30, 2024 or until the maximum aggregate credits is exhausted.
Oregon Approves $103.5 Million in LIFT Funding
The Oregon Housing Stability Council approved $103.5 million in Local Innovation Fast Track (LIFT) funding to go to 10 affordable housing developments across the state.
New Mexico’s Enery$mart Multifamily Weatherization Assistance Program
New Mexico Mortgage Finance Authority announced their Energy$mart Multifamily Weatherization Assistance Program.
Kansas Housing Provides $154 Million for Affordable Housing Development
Kansas Housing (KH) announced that it will add a collective 522 affordable homes to their housing stock, thanks to funds awarded through the state’s competitive housing development application process.
Texas Enacts $25 Million State LIHTC
Texas Governor Greg Abbott (R) recently signed H.B. 1058, which creates a $25 million State LIHTC for up to the amount of Federal LIHTC allocation amount for each property.
Ohio Enacts $100 Million State LIHTC
Ohio Governor Mike DeWine (R) passed the FY 2024 budget (H.B. 33), which includes a new $100 million per year state LIHTC.
Applications for FHLBank of Pittsburg’s AHP, Voluntary Housing Grant Initiative Due Aug. 9
The 2023 funding round for the Federal Home Loan Bank of Pittsburgh’s Affordable Housing Program (AHP) and voluntary housing grant initiative is now open with approximately $20.3 million in available funding for AHP and $8 million for the voluntary housing grant initiative.
HFSC Holds July 14 Hearing: How Mandates Like ESG Distort Markets and Drive Up Costs for Insurance and Housing
The Housing and Insurance subcommittee of the House Financial Services Committee will hold a hearing at 9 a.m. ET on July 14 entitled “How Mandates Like ESG Distort Markets and Drive Up Costs for Insurance and Housing.”
Fannie Mae Releases ESG 2022 Report
Fannie Mae released its second annual Environmental, Social and Governance (ESG) report, which highlights its efforts to help homeowners, buyers and renters; support the transition to greener buildings; and foster an engaged and inclusive workforce.
North Dakota CDBG Pre-Application
The North Dakota Department of Commerce Division of Community Services (NDDCS) announced the opening of a pre-application period for the CDBG FY2023, which ends on July 27
Wisconsin Enacts Bipartisan Package of Affordable Housing Legislation
Wisconsin Governor Tony Evers (D) signed five bipartisan bills to address the need for more affordable housing options in Wisconsin.