News

Over the weekend, the Senate Finance Committee released its portion of the Build Back Better Act, which makes important modifications to the LIHTC provisions in the bill.

NH&RA joined a letter calling on Senate Majority Leader Chuck Schumer (D-NY), House Speaker Nancy Pelosi (D-CA), Senate Finance Committee Chairman Ron Wyden (D-OR) and House Ways and Means Committee Chairman Richard Neal (D-MA) to add Historic Tax Credit provisions back into the Build Back Better Act.

NH&RA and 30 other housing organizations sent a letter to the Department of the Treasury requesting issuance of a final LIHTC average income test minimum set-aside rule.

HUD’s Office of Multifamily Housing sent a memo to Federal Housing Administration Multifamily Accelerated Processing lenders eliminating the submission of a hard copy of closing documents, so long as they are identical in every respect as the submission that was provided electronically to HUD.

Last week, Congress passed a continuing resolution that will fund the federal government at its current levels through February 18, averting a shutdown.

Last week, the Internal Revenue Service published Revenue Ruling 2021-20, which limits the LIHTC buildings that are eligible for the fixed four percent floor.

According to a forecast prepared by Zillow the Austin metropolitan area is on track to become by year’s end the least affordable major metro region for homebuyers outside of California.

Kansas Housing Resources Corporation will release the results of its year-long comprehensive statewide housing needs assessment following a state-wide tour.  

The Federal Housing Finance Agency (FHFA) released the 2022 Scorecard for Fannie Mae, Freddie Mac (the Enterprises), and Common Securitization Solutions, LLC (CSS).

Yesterday, HUD announced staff appointments across several of its offices.

Congress returns from Thanksgiving break with a long to-do list and not much time left.

The NHP Foundation and Enterprise’s new report, A Decade of Rental Housing Vulnerability: Lessons Learned from Financial Crisis to Coronavirus, provides results of a survey of one hundred stakeholders from across the affordable housing spectrum, examining how lessons from recent history inform industry interventions of today and tomorrow.