News

HUD announced updated guidance for owners of properties participating in its Section 8 Project-Based Rental Assistance (PBRA) program.

On March 30 at 10 a.m. ET, the Transportation, Housing and Urban Development and Related Agencies (THUD) subcommittee of the House Appropriations Committee will hold its annual Member Day hearing.

On March 28 at 10 a.m. ET, the Transportation, Housing and Urban Development and Related Agencies (THUD) subcommittee of the House Appropriations Committee will hold its annual Oversight Hearing with Inspectors General from HUD and the Department of Transportation.

HUD published a Final Rule on Reinstatement of Discriminatory Effects Standard, also referred to as disparate impact. The Final Rule rescinds the HUD’s 2020 rule governing Fair Housing Act disparate impact claims and restores the 2013 discriminatory effects rule.

Last week, Mayor Muriel Bowser delivered the FY 2024 Fair Shot Budget to the DC City Council. The mayor’s proposed budget focuses on responsible budgeting, growing the tax base and prioritizing DC’s infrastructure.

Last week, Representatives Darin LaHood (D-IL), Earl Blumenauer (D-OR), Mike Kelly (R-PA), Terri Sewell (D-AL) Michael Turner (R-OH) and Brian Higgins (D-NY) introduced the Historic Tax Credit Growth and Opportunity Act (HTC-GO). H.R. 1785 is the companion bill to S. 639, introduced in the Senate earlier this month by Senators Ben Cardin (D-MD), Bill Cassidy (R-LA), Maria Cantwell (D-WA) and Susan Collins (R-ME). NH

In Notice 2023-22, the Internal Revenue Service (IRS) published the 2023 resident population figures, which are used to calculate the population-based component of LIHTCs and Private Activity Bonds (PABs).

HUD is seeking feedback on its National Standards for the Physical Inspection of Real Estate (NSPIRE) physical inspection scoring and ranking methodology.

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announces that it received 197 applications for the calendar year (CY) 2022 round of the New Markets Tax Credit Program (NMTC Program).

The National Park Service (NPS) released its 2022 annual report on Federal Tax Incentives for Rehabilitating Historic Buildings.

In The Gap 2023: A Shortage of Affordable Homes, the National Low Income Housing Coalition (NLIHC) estimates there is a national shortage of 7.3 million affordable and available rental homes for extremely low-income renters.

The Campaign for Housing and Community Development Funding (CHCDF) is leading a sign-on letter to urge Congress to oppose any cuts to federal affordable housing, homelessness and community development programs, and to instead invest in these vital programs in Fiscal Year 2024.