News
Federal Reserve, FDIC and OCC Release Joint CRA Proposal
Last week, federal bank regulatory agencies jointly issued a proposal to strengthen and modernize regulations implementing the Community Reinvestment Act (CRA). The proposed rule has the following key elements: Expand access to credit, investment and basic banking services in low- and moderate-income (LMI) communities. Under the proposal, the agencies would evaluate bank performance across the […]
Treasury Calls for More Housing Investments via SLFRF
Last week, Deputy Secretary of the Treasury Wally Adeyemo visited an affordable housing services center in the City of Compton in Los Angeles County where he highlighted how California is using American Rescue Plan funds to keep families in their homes and build more affordable housing. California budgeted over $7.4 billion of its State and […]
Treasury Says Housing Credit “Should Not Be Impacted” by OECD/Global Minimum Tax Rules
A few weeks ago, NH&RA and several of our partners sent a letter to Treasury Secretary Janet Yellen urging that Community Development Finance Tools be preserved under a New Global Minimum Tax. Last week, the Assistant Secretary for Tax Policy Lily Batchelder singled out breaks for low-income housing, renewable energy and the New Markets Tax […]
FHFA Announces Fannie Mae’s and Freddie Mac’s Duty to Serve Underserved Markets Plans for 2022-2024
The Federal Housing Finance Agency (FHFA) published the 2022-2024 Underserved Markets Plans for Fannie Mae and Freddie Mac (the Enterprises) under the Duty to Serve (DTS) program.
IRS Seeks Comments on Priority Guidance Plan
The Internal Revenue Service (IRS) published Notice 2022-21, inviting public comment on recommendations for items that should be included in their 2022-2023 Priority Guidance Plan.
HUD Publishes URA Low Income Limits
The 2022 Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 (URA) – Low Income Limits have been issued on HUD.gov with an effective date of April 18, 2022. The low-income limits are used in connection with rental assistance payment calculations under 49 CFR 24.402(b).
CT Reminds Applicants of June 1 Deadline & FAQs
Connecticut Housing Finance Authority reminds developers that the 2022 Housing Tax Credit Contribution (HTCC) applications for funding must be submitted electronically through the SharePoint website using the Consolidated Application Version 2022, no later than 4:00 p.m., June 1, 2022.
Pennsylvania Updates 2022 LIHTC FAQs
Pennsylvania Housing Finance Agency has uploaded a FAQ document in response to the Q&A session held on April 13.
Oregon Posts Agenda for May 6 Housing Stability Council Meeting
The next Housing Stability Council meeting will be from 9 a.m. to 1 p.m. Friday, May 6, 2022.
Virginia Housing Schedules 2022 Virtual Rental Housing Symposium; May 16-17
On May 16 – 17, 2022, Virginia Housing’s Community Outreach division will host its 2022 Rental Housing Symposium: Making Housing Stability Our Priority.
Oregon Seeks Input on Draft 2023 Legislative Agenda
Oregon Housing and Community Services (OHCS) would like to invite you to participate in a series of webinars to learn more about the agency’s DRAFT 2023 Legislative Agenda.
Hollins Appointed Louisiana Housing Corporation Executive Director
In a unanimous vote March 23, 2022, the Louisiana Housing Corporation (LHC) Board has chosen Joshua G. Hollins as their new executive director.