News

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.

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.”

Senator Angus King (I – ME) described housing affordability as a “national crisis that’s really impinging the rebuilding of the economy.”

HUD announces the release of the National Standards for the Physical Inspection of Real Estate (NSPIRE) score calculator demo video, which housing authorities, property owners and agents can use as a resource to estimate their inspection score under the new national standards for the inspections.

HUD Secretary Marcia Fudge testified before the House Appropriations Committee on the department’s FY 2024 Budget Request.

The Federal Housing Finance Agency (FHFA) will issue a Request for Input (RFI) on multifamily tenant protections.

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.

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.

The Department of Energy (DOE) issued a request for information (RFI) seeking public input on the design of a future funding opportunity to support the development, adoption and implementation of model building energy codes for residential and commercial buildings throughout the U.S., pursuant to the Inflation Reduction Act (IRA).

Representatives Claudia Tenney (R-NY) and Terri Sewell (D-AL) introduced the New Markets Tax Credit Extension Act (H.R. 2539) in the U.S. House of Representatives.

The Bipartisan Policy Center (BPC) is hosting a webinar at 1 p.m. ET on April 14 with senior HUD officials for a presentation on the various challenges to landlord acceptance of vouchers, as well as agency initiatives to overcome those hurdles, followed by a discussion exploring the future of landlord participation in the program.

The Department of Housing and Urban Development released a new publication that summarizes the effects of restrictive land use policies on housing supply, location and affordability and highlights reforms that state and local governments can adopt to increase the housing supply.