News

Comments on HUD’s Proposed FMR Calculation Methodology Due July 24

HUD issued a notice with proposed changes to calculate fair market rents (FMRs), including a change in the definition of “recent mover” to include residents who have lived in their current household for 11 months or less and to retain and to expand the use of rent inflation factors calculated by private-sector sources.

CDFI Certification Advisory Board Meeting – July 7

The Community Development Financial Institution (CDFI) fund continues efforts to revise the CDFI Certification application through the chair of the community development advisory board.

Urban Institute Releases Housing Shortage Study

The Urban Institute released a study via the Stories and Data Tools to examine the current housing shortage in the U.S. and how zoning near transit can assist with tackling this issue.

Minnesota Multifamily Consolidated RFP & Underwriting Standards

Minnesota Housing (MH) announced that the deadline to submit 2023 Multifamily Consolidated RFP/2024 HTC Round 1 applications is July 13 by noon CT.

HUD Removes $25 Million Loan Cap for Projects in LIHTC Pilot Program

HUD’s Office of Multifamily Housing Programs issued a memo, which removes the $25 million loan cap for the LIHTC Pilot Program.

HUD Publishes Final NSPIRE Inspection Standards & GRRP FAQs

HUD published the Final Inspection Standards Notice for the National Standards for the Physical Inspection of Real Estate (NSPIRE). HUD also announced that they have posted answers to new Frequently Asked Questions for the Green and Resilient Retrofit Program (GRRP) based on the May 23 webinar.

FHFA Submits Annual Report to Congress

The Federal Housing Finance Agency (FHFA) released its 2022 Report to Congress.

JCHS Releases State of the Nation’s Housing 2023 Report

The Joint Center for Housing Studies (JCHS) of Harvard University released the 2023 edition of its annual State of the Nation’s Housing Report.

CDFI Annual Compliance, Certification and Reporting Obligations

The Community Development Financial Institutions (CDFI) Fund announced that authorized representatives of either a CDFI or an organization that received an award must submit the Annual Certification and Data Collection Report (ACR) to maintain CDFI Certification status.