News
Executive Order Mandates Project Labor Agreements for Large-Scale Federal Construction Projects
President Biden recently issued an Executive Order requiring that large-scale Federal construction projects with at least $35 million in costs use project labor agreements with one or more labor organizations.
FHA Removes Temporary COVID-19 Underwriting Mitigants for Multifamily 223(f) Transactions
The Federal Housing Administration (FHA) announced that it is removing temporary COVID-19 underwriting mitigants for multifamily transactions insured under Section 223(f) of the National Housing Act effective immediately for all insured transactions that have yet to reach endorsement.
House Extends Continuing Resolution till March 11; Senate to Vote
Last week the House passed a continuing resolution that would fund the federal government at current funding levels through March 11.
Ron Terwilliger on How to Make More Affordable Housing: Expanding the Supply of Affordable Homes for Rent and Sale Must be a National Priority
Ron Terwilliger, founder of the Bipartisan Policy Center’s (BPC) Terwilliger Center for Housing Policy, explains how the U.S. can make housing more affordable in an op-ed for HousingWire.
Updated Preservation Data Available from the National Housing Preservation Database
The National Low Income Housing Coalition and the Public and Affordable Housing Research Corporation updated its National Housing Preservation Database.
HUD Releases New Section 3 Guidebook
HUD released its Section 3 Guidebook. Section 3 is a provision of the Housing and Urban Development Act of 1968 that ensures employment, training and contracting opportunities for low- and very low-income workers and eligible businesses in connection with the planning, construction and rehabilitation of housing and community development projects assisted by HUD.
Department of Energy Extends Categorical Eligibility to Include HUD-Assisted Households
The Department of Energy released Weatherization Program Notice 22-5, which expands client eligibility for the program.
California Updates 2022 LIHTC Application
The California Tax Credit Allocation Committee updated its 2022 application and attachments to Excel.
Treasury IG Report Concludes IRS Oversight of Housing Credit Program Can Be Improved
The Treasury Inspector General for Tax Administration (TIGTA) recently released a report on IRS oversight of the LIHTC program calling for improvements.
HUD Issues Notice Requiring Carbon Monoxide Alarms, Detectors in Assisted Housing
HUD issued Notice PIH 2022-01 to HUD-assisted housing owners clarifying the requirement they install carbon monoxide alarms or detectors in their properties.
House Financial Services Committee Hearing on Addressing Challenges in Serving People Experiencing Homelessness – Feb. 2
At 10 a.m. ET on February 2 the Housing, Community Development and Insurance Subcommittee of the House Financial Services Committee will hold a hearing on Addressing Challenges in Serving People Experiencing Homelessness.
Choice Neighborhoods Implementations Grant Application Due Feb. 15
Multifamily communities can work with local governments to apply for the 2021 Choice Neighborhoods Implementation Grant Notice of Funding Opportunity.