News

IRS Extends Virtual Public Hearing Option for Tax-Exempt Bonds Through March 31, 2022

The Internal Revenue Service (IRS) issued Rev. Proc. 2021-39, which extends the ability of bond issuers to conduct hearings virtually through March 31, 2022 due to COVID-19.

Joint Letter to Chairwoman Waters on Amending Emergency Rental Assistance Authorizing Statute

The National Council of State Housing Agencies, along with other major national organizations representing Emergency Rental Assistance (ERA) grantees sent a letter to House Financial Services Committee Chairwoman Maxine Waters (D-CA) providing recommendations on amending the ERA program to eliminate statutory barriers in administration and expedite the provision of assistance to eligible households.

NLIHC, PAHRC Update National Housing Preservation Database

The National Low Income Housing Coalition (NLIHC) and Public and Affordable Housing Research Corporation (PAHRC) updated its National Housing Preservation Database with new data for properties assisted by Section 8 Project-Based Rental Assistance, LIHTCs, Public Housing, HUD-insured mortgages, Section 202 Direct Loans, Section 515 mortgages, Section 538 Guaranteed Loans, fair market rent and Real Estate Assessment Center scores.

New York State Modifies, Extends Eviction Moratorium through Jan. 15, 2022

New York Gov. Kathy Hochul (D) convened a special session of the New York state legislature, which then voted to extend the eviction moratorium until Jan. 15, 2022 and implement certain changes to the moratorium to address two recent Supreme Court decisions that blocked portions of the State’s moratorium and the larger Federal moratorium.

Maryland Public Service Commission Unanimously Approves Expansion of Community Solar Program Capacity

The Maryland Public Service Commission unanimously voted to expand the capacity of the state’s community solar program, as well as improve access for low- and moderate-income customer participation in the state’s Community Solar Pilot Program.

111 Representatives Sign Dear Colleague Letter Supporting the Inclusion of Affordable Housing in Reconciliation

A Dear Colleague letter, led by Reps. Suzan DelBene (D-WA) and Don Beyer (D-VA), asking Speaker of the House Nancy Pelosi (D-CA) and House Minority Leader Kevin McCarthy (R-CA) to include LIHTC provision in the partisan reconciliation package was signed by 111 representatives.

Estimating the Scale of the Eviction Crisis: 750K at Risk of Eviction, 61 Percent of Households Yet to Apply for ERAP

A leaked report from Goldman Sachs released Sunday estimates that about 750,000 households could face eviction later this year unless Congress acts or rental assistance funds are distributed more quickly.

Court Dismisses Case Against Washington State Housing Finance Commission

Last week, the U.S. District Court for the Western District of Washington dismissed a case filed against the Washington State Housing Finance Commission (Commission) from Alden Torch Financial via AMTAX Holdings.

SCOTUS Nullifies CDC’s Eviction Moratorium

On August 26, The Supreme Court of the U.S. (SCOTUS) struck down the Biden administration’s latest eviction moratorium in Alabama Association of Realtors, et al. v. Department of Health and Human Services, et al. The Centers for Disease Control and Prevention (CDC) issued a new eviction moratorium on August 3, just three days after the […]