News
IRS Issues Average Income Test Final Regulations
The Internal Revenue Service (IRS) and the U.S. Department of the Treasury issued new final regulations on the average income test (AIT).
Oregon Receives Medicaid Demonstration Waiver
Oregon recently received approval for a Medicaid Demonstration Wavier.
FHFA Releases Annual Report on Low-Income Housing and Community Development Activities of the Federal Home Loan Banks
The Federal Housing Finance Agency (FHFA) released its annual report on the low-income housing and community development activities of the Federal Home Loan Banks (FHLBanks).
Treasury Guarantees $355 Million in Bond Funding for Projects in Low-Income Communities
The. U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced three guarantees totaling $355 million under the Community Development Financial Institution (CDFI) Bond Guarantee Program.
Fannie Mae Announces Priscilla Almodovar as Chief Executive Officer
Fannie Mae announced the appointment of Priscilla Almodovar as chief executive officer (CEO) and member of the Board of Directors, effective Dec. 5, 2022.
Congress to Vote on Stopgap Funding through Dec. 16
Fiscal Year 2022 funding runs out on September 30, and the federal government begins Fiscal Year 2023 on October 1.
Comments on HUD’s Design of New Green and Resilient Retrofit Program for Multifamily Assisted Housing Properties RFI Due Oct. 27
In response to the passage of the Inflation Reduction Act of 2022, HUD is currently designing a new program, the Green and Resilient Retrofit Program (GRRP), and expects to make multiple rounds of funding available to support energy, water efficiency retrofits and climate resilience of HUD-assisted multifamily properties.
HUD Allocates New Housing Choice Vouchers to Almost 2,000 PHAs, 21 State HFAs
HUD recently announced the awarding of approximately 19,400 new Housing Choice Vouchers to 1,945 public housing agencies across the country.
HUD Releases New Guidelines on Community Solar Participation for HUD-Subsidized Units
HUD issued new guidance, which covers HUD-assisted multifamily units where tenants are responsible for their electricity bills and have access to community solar programs with key similarities to DC Solar For All.
FY 2022 CDFI Equitable Recovery Program Applications Due September 22
As a reminder for fiscal year (FY) 2022 CDFI Equitable Recovery Program (CDFI ERP) applicants, the deadline for online submission of the application through the CDFI Fund’s Awards Management Information System (AMIS) is Sept. 22, 2022 at 11:59 PM ET.
The Financial Health of Community-Based Development Organizations
A new report from the National Alliance of Community Economic Development Associations (NACEDA) and Urban Institute examines the financial health of the CBDO sector to assess vulnerabilities and risk.
Housing Finance Agencies Take Extraordinary Steps to Save Affordable Developments
A new report from the National Council of State Housing Agencies examines the actions taken by housing finance agencies to ensure that affordable housing projects proceed.