News
FHFA Director Sandra Thompson’s Statement on Best Practices for Adverse Action Notices for Renters
A written notice paired with a report copy allows the borrower to demonstrate they have fulfilled their legal obligations under the Fair Credit Reporting Act (FCRA), and also permits rental applicants to understand the basis for any denial, fully assert their rights with tenant screening companies, and more effectively correct their records.
NH&RA Submits Comments on NCSHA’s Proposed Revisions to Recommended Practices in Housing Credit Administration
NH&RA submitted comments to the National Council of State Housing Agencies’ (NCSHA) draft proposed revisions to its Recommended Practices in Housing Credit Administration (summary, red-line).
IRS Publishing Final Regulations, Application Process for ‘Adder’ ITCs for Solar, Wind at Low-Income Communities, Federally Subsidized Residential Buildings
The Internal Revenue Service (IRS) published final regulations for the “adder” investment tax credit (ITC) percentages for solar or wind facilities built in low-income communities or in connection with federally subsidized residential buildings.
EPA Proposes Lead-Based Paint Rule for Federally Assisted Housing
The Environmental Protection Agency (EPA) published a proposed rule to significantly lower acceptable levels of lead-based paint (LBP) and make abatement protocols much more stringent for federally assisted properties built before 1978 that undergo renovation.
New Hampshire Announces Listening Session for Tax Exempt Bond and NOFO
New Hampshire Housing (NHH) will host a virtual listening session on August 17 at 1:30 p.m. ET to solicit feedback on the NHH Tax-Exempt Bond and four percent LIHTC Notice of Funding Opportunity (NOFO).
California Releases Amendment to Transition Reserve Policy and Funding Availability Calendar
The California Department of Housing and Community Development (HCD) released an amendment to its Transition Reserve Policy Administrative Memo, which implements statutory changes made under SB 948 (Chapter 667, Statutes 2022) applicable to Health and Safety Code Section 60468.
Georgia’s Department of Community Affairs 2024 QAP Development
Georgia’s Department of Community Affairs (DCA) plans to hold listening sessions for development and input for the 2024 QAP.
Oklahoma Releases Second QAP Draft
The Oklahoma Housing Finance Agency announced the release of the 2024 QAP to its website.
Olson Named South Dakota Housing Director
Chas Olson has been appointed executive director of South Dakota Housing.
HUD Posts CDBG-DR and MIT Monthly Performance Reports
HUD announced that it posted the latest versions of the Community Development Block Grant Disaster Recovery (CDBG-DR) and CDBG-Mitigation (CDBG-MIT) Monthly Performance Reports.
Rural Development Publishes Procedural Notice 589
Rural Development (RD) published Procedural Notice (PN) 589 announcing management fees for Fiscal Year (FY) 2024.
HUD Publishes Updated Public and Assisted Housing Guidance for Treatment of Solar Programs for Residents to Benefit
HUD published updated guidance for Public Housing Authorities (PHAs) and owners of properties participating in HUD Multifamily Assisted Housing programs regarding the treatment of financial benefits received from participation in community solar energy programs or the presence of on-site solar facilities.