News
Department of Labor Seeks Comment on Updates to Davis-Bacon Act Regulations
The U.S. Department of Labor is undertaking its first comprehensive review in almost 40 years of the regulations that implement the Davis-Bacon Act and related laws, requiring employers on federally-funded or assisted construction projects to pay locally prevailing wages to construction workers.
FHLBank of Boston to Open AHP Round June 6
The Federal Home Loan Bank of Boston will open an application for its 2022 Affordable Housing Program (AHP) on June 6, with a minimum of $10.6 million.
Join CHCDF FY 2023 Funding Letter by May 15
NH&RA signed the Campaign for Housing and Community Development’s (CHCDF) Fiscal Year (FY) 2023 funding letter to Congress calling for the highest allocation of discretionary funds possible for affordable housing and community development programs.
HAND Launches Housing Indicator Tool 2.0
The Housing Association of Nonprofit Developers (HAND) launched its Housing Indicator Tool (HIT) to track local efforts to produce affordable housing in the Washington Region.
Massachusetts Governor Signs Supplemental Budget with $100 Million for Emergency Rental Assistance
On April 1, Governor Charlie Baker (R) signed a supplemental state budget for FY2022 that provides $100 million in additional funding for emergency rental assistance through the RAFT program.
New York Enacts $25 Billion Housing Plan
Governor Kathy Hochul (D) and the Legislature reached an agreement last week on the FY2023 Budget, which includes a new $25B, five-year statewide affordable housing plan, some funding for NYCHA, and much-needed aid to renters still facing the financial instability brought by the COVID-19 pandemic.
President Biden Appoints Michael Barr to Federal Reserve
President Joe Biden (D) nominated former Treasury Department official Michael Barr to lead the Federal Reserve’s regulation of the banking system as the central bank’s vice chair for supervision.
HUD Releases FY 2022 Income Limits
HUD released the Fiscal Year (FY) 2022 Income Limits for the Public Housing, Section 8 project-based, Section 8 Housing Choice Voucher, Section 202 housing for the elderly and Section 811 housing for persons with disabilities programs.
House Financial Services Committee Holds Public Housing Fire Safety Hearing – April 20
On April 20 at noon the Subcommittee on Housing, Community Development and Insurance of the House Financial Services Committee will convene in the Bronx, NY for a hybrid field hearing entitled, A Matter of Life and Death: Improving Fire Safety in Federally Assisted Housing.
FHLBank of Chicago Hosts APH Update Webinar – April 21
The Illinois Housing Council and the Federal Home Loan Bank of Chicago will host a webinar on April 21 at 2 p.m. CT to share the latest changes to the Bank’s Affordable Housing Program.
Fannie Mae Hosts EHC Initiative Expansion into Texas and North Carolina Webinar – April 14
Fannie Mae announced the Expanded Housing Choice (EHC) initiative, which aims to increase the acceptance of HUD’s Housing Choice Vouchers (HCVs), at properties in Texas and North Carolina.
Florida Housing Revises 2022 QAP and Cost Certification, Non-Competitive Application Packages
In response to public comment received during and subsequent to the recent rule development workshops, Florida Housing revised sub-paragraph 67-21.014(2)(r)6., paragraph 67-21.026(12)(e) and paragraph 67-48.0072(17)(f), F.A.C., to read as follows: Ensure that no construction or inspection work is performed by the General Contractor, with the following exceptions: (i) the General Contractor may perform its duties […]