News

Last week, Congress passed FY 2022 funding through Sept. 30, 2022. The bill includes 53.7 billion in HUD funding, a $4 billion increase of FY 2021 levels.

HUD’s library of resources, relevant to Distressed Cities and Persistent Poverty Technical Assistance (DCTA) recipients and smaller distressed communities, features a wide range of resources, reports, webinars and funding opportunities that might be of interest to small governments, tribal organizations and nonprofits, including COVID-19 recovery information.

The U.S. Department of Energy forecasts a three-year high in 2022 for average residential utility costs across the U.S. that may affect families who pay for some or all of their household’s utility bills. 

Federal Housing Finance Agency Acting Director Sandra L. Thompson announced the Housing Trust Fund (HTF) and the Capital Magnet Fund (CMF) will receive a total of $1.138 billion for affordable housing initiatives from Fannie Mae and Freddie Mac (the Enterprises).

In Mortgagee Letter 2022-05 and Housing Notice 2022-02, HUD increased the substantial rehabilitation for FHA insured loan programs from $15,000 to $16,983 per unit.

NH&RA joined with 81 other organizations in a letter sent to Senate Majority Leader Chuck Schumer (D-NY), Senate Minority Leader Mitch McConnell, House Speaker Nancy Pelosi (D-CA) and House Minority Leader Kevin McCarthy (R-CA) on the need to adjust the Coronavirus State and Local Fiscal Recovery Fund (SLFRF) program so that it can be used efficiently to provide long-term loans to LIHTC developments.

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced that it received 199 applications under the calendar year (CY) 2021 round of the New Markets Tax Credit Program (NMTC Program).

Last week the Senate passed a continuing resolution that will fund the federal government through March 11.

HUD issued a notice of Fiscal Year (FY) 2022 Annual Adjustment Factors (AAFs) for certain properties in HUD’s Section 8 housing assistance payment (HAP) programs.

The California Department of Housing and Community Development (HCD) has released its 2022 Notice of Funding Availability (NOFA) calendar.

On March 3 at 2 p.m. ET the RAD Collaborative will host a virtual roundtable with Tom Davis and other Recap Office staff, joined by public housing practitioners who have used RAD-Section 18 Blends options to meet a range of portfolio capital needs. 

The Cook County Assessor’s Office announced dates for its upcoming informational webinars about a new affordable housing property tax incentive.