News

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 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.

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.

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 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.

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 […]

West Virginia Governor Jim Justice (R) signed legislation that eliminates the transaction cap and the annual statewide cap for the State Historic Tax Credit (HTC).

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $26 million in awards to 158 FDIC-insured banks, through the fiscal year (FY) 2021 round of the Bank Enterprise Award Program (BEA Program), for increasing investments to communities experiencing severe economic distress across the nation.

The Michigan Strategic Fund has adopted procedures for taxpayers to request certain certifications to receive the State Historic Tax Credit (HTC).

The Federal Home Loan Bank of Pittsburgh’s Affordable Housing Program (AHP) will open June 28, with approximately $7 million available.

Key findings from the California Housing Partnership’s annual Affordable Housing Needs Report include:  

Yesterday, the Senate voted to discharge the nomination of Julia Gordon to serve as commissioner of the Federal Housing Administration/deputy secretary of HUD’s Office of Housing.