News

General News

CDFA Report: $17.2 Billion in Multifamily Bonds Issued in 2020, 62 Percent of All Bonds Issued

Council of Development Finance Agencies’ (CDFA) Annual Volume Cap Report for 2019 and 2020.

HUD

HUD Allocates Over $2 Billion in CDBG for Disaster Relief

HUD announced the allocation of more than $2 billion ($2,040,617,000) in CDBG-Disaster Recovery (CDBG-DR) and CDBG-Mitigation (CDBG-MIT) funds.

congress-capitol

LIHTC, $154 Billion in Housing Spending Now Included in Build Back Better Act

House leadership recently released an updated version of the Build Back Better Act, which now includes $153.95 billion in direct housing spending provisions as well as several key LIHTC provisions.

General News

Spending Provisions of Budget Reconciliation Released; Still Awaiting Tax Provisions

Last week, the House released the 1,684-page budget reconciliation bill text for spending provisions, which includes $153 billion for housing.

General News

Using Community Income Levels to Help Tenants Get Emergency Rental Assistance

In a new Joint Center for Housing Studies at Harvard University blog post, Sam Gilman makes the case for using community income levels to help tenants get Emergency Rental Assistance. Gilman is the co-founder and COO of the COVID-19 Eviction Defense Project.

Treasury

$10 Billion in ERA Funds Distributed Through September

Last week, the Department of the Treasury announced state and local governments distributed nearly $2.8 billion from the Emergency Rental Assistance program to more than 510,000 households in September, up from 459,000 households in August.

HUD

Comments on HUD’s 30-Day Notice Period for Non-Payment of Rent Evictions in HUD-Assisted Properties Rule Due Nov. 8

HUD published an interim final rule, which prohibits the eviction of tenants for nonpayment of rent from HUD-subsidized public housing and certain properties with project-based rental assistance without providing a 30-day notice period that includes information about available federal emergency rental assistance.

HUD

HUD Posts Ask a Question Responses to 2020 MAP Guide

HUD’s Office of Housing published the responses to the Ask a Question tool set up in March 2021 for the 2020 Multifamily Accelerated Processing (MAP) Guide.

General News

Action Alert: Include LIHTC, Affordable Housing in Budget Reconciliation

Budget reconciliation negotiations remain ongoing with a deadline of October 31. Advocacy is needed specifically from Senators and Representatives to leadership (Speaker Nancy Pelosi (D-CA) and Senator Majority Leader Chuck Schumer (D-NY)) and to the National Economic Council at The White House.

HUD

Senate Committee Considers Nomination of Assistant Secretary for Administration at HUD

The Senate Committee on Banking, Housing and Urban Affairs held a hearing on October 26 to consider the nomination of Elizabeth de Leon Bhargava to be an assistant secretary for Administration at HUD.

General News

Picture of Preservation Report: 176,760 Federally Assisted Homes Could be Lost Over Five Years

The National Low Income Housing Coalition and the Public and Affordable Housing Research Corporation released the 2021 edition of Picture of Preservation.

HUD

HUD Revises HAP Assignment Form

The Office of Asset Management and Portfolio Oversight has made revisions to the Housing Assistance Payment (HAP) Assignment form in order to clarify the roles of the various signatories in the HAP Assignment process.

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