News
Jodie Harris to Step Down at CDFI Fund
At the end of April, Jodie Harris will step down as director of the Community Development Financial Institutions Fund (CDFI Fund) to serve as president of the Philadelphia Industrial Development Corporation (PIDC).
Senate Banking Committee Hearing on Housing – March 7
The Senate Committee on Banking, Housing and Urban Affairs will hold a hearing on March 7 at 10 a.m. ET on Increasing Affordable Housing Supply.
CBO Increases CPI Estimates with Implications for HUD, LIHTC Properties
The Congressional Budget Office (CBO) released its Budget and Economic Outlook for 2023 to 2033, which includes the consumer price index (CPI) figure that has historically been used by HUD to determine income limits for LIHTC properties.
JCHS Rental Markets One Year After Our America’s Rental Housing Report Webinar– Feb. 24
In early 2022, when the Joint Center for Housing Studies of Harvard University released its last biennial America’s Rental Housing report, demand for rental housing was surging, rents had risen dramatically, vacancy rates were at 40-year lows, and many lower-income renters struggled to pay the rent.
For-Profit Organizations Not Subject to USDA RD BABAA Requirements
The Council for Affordable & Rural Housing (CARH) confirmed that for-profit organizations are not considered “non-federal entities” and thus not subject to Build America, Buy America Act requirements.
HUD Announces New Resources for Advancing Housing Protections for Survivors of Domestic Violence, Dating Violence, Sexual Assault and Stalking
HUD announced new resources to advance housing protections for survivors of domestic violence, dating violence, sexual assault and stalking under the Violence Against Women Act (VAWA).
HUD Launches Assistance Animals and Fair Housing – Navigating Reasonable Accommodations Interactive Tool
HUD’s recently released Assistance Animals and Fair Housing – Navigating Reasonable Accommodations Interactive Tool provides persons with disabilities with information about their fair housing rights related to requests for assistance animals.
IRS Publishes Initial Guidance on Energy Projects for Low-Income Communities and Energy Project Credits from Inflation Reduction Act
Earlier this week, the Internal Revenue Service (IRS) released Notice 2023-17: Initial Guidance Establishing Program to Allocate Environmental Justice Solar and Wind Capacity Limitation Under Section 48(e) and Notice 2023-18: Initial Guidance Establishing Qualifying Advanced Energy Project Credit Allocation Program Under Section 48C(e).
COVID Public Health Emergency to End in May with Implications for Affordable Housing Industry
President Joe Biden (D) announced that the national public health emergency declarations from COVID-19 will end in May.
HUD Solicits Input on Standardizing Rental Assistance Program Regulations
HUD published an advance notice of proposed rulemaking (ANPRM) on developing a standardized program regulation and renewal contract for Section 8 project-based rental assistance programs.
Treasury: New Global Minimum Tax Guidance Will Protect LIHTC
The Department of the Treasury announced that all 142 countries and jurisdictions, including the U.S., participating in the Organization for Economic Cooperation and Development (OECD) and Group of Twenty’s (G20) effort to establish a new 15 percent global minimum tax (GMT) have come to a consensus and released guidance on the GMT’s implementation worldwide.
HOTMA Final Rule Creates Safe Harbors for Income Eligibility Determinations
HUD posted a preview version of the final rule implementing sections 102, 103 and 104 of the Housing Opportunity through Modernization Act of 2016.