News

HUD Publishes HOME Facts & Per Unit 2023 Subsidy Limits

HUD announces the publication of the issue of HOME FACTS, which informs all Participating Jurisdictions (PJs) that the right to draw HOME grant funds expires after nine fiscal years, including the fiscal year of the appropriation.

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.”

EPA Releases Implementation Framework for Greenhouse Gas Reduction Fund

The Environmental Protection Agency (EPA) released an implementation framework for its new Greenhouse Gas Reduction Fund (GGRF), which will invest $27 billion to finance projects that reduce greenhouse gas emissions and air pollution.

President Biden Vetoes Waters of the U.S. Rule Repeal

The House and Senate voted to rescind the Environmental Protection Agency’s (EPA) Waters of the U.S. (WOTUS) rule via the congressional review act process.

NH&RA Hosts ICAST IRA & BIL Instant Benefit Estimate Calculator

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

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.

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.

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.