News

The National Housing Conference (NHC) will host a webinar with Federal Housing Administration (FHA) Commissioner Brian Montgomery on continued steps HUD and FHA are taking to assist borrowers, renters, lenders and property owners throughout the pandemic on May 1 from 1:00 – 2:00 pm ET.

The National Trust for Historic Preservation and Historic Tax Credit (HTC) Coalition developed a one pager outlining recommendations to improve and bolster the HTC in a future stimulus package.

Stewards of Affordable Housing for the Future developed a communications tip sheet and blog post for sensitive conversations with residents about whether they can pay rent, how to access assistance or how to structure repayment agreements, etc.

Applications for Delaware State Housing Authority’s Housing Development Fund (HDF) for Special Populations are now available. The $1.5 million Special Populations HDF loan creates and increases the supply of affordable housing for special needs populations.

Yesterday the Senate passed by voice vote the Paycheck Protection Program and Health Care Enhancement Act (H.R. 266), which appropriates an additional $321 billion to the Payment Protection Program, $60 billion for loans and grants for economic disaster assistance, $75 billion for hospitals and $25 billion for testing. The House is expected to pass the bill on Thursday by allowing members to vote by proxy, in which a member could designate a colleague to vote on their behalf.

The National Council of State Housing Agencies (NCSHA) released a matrix comparing the LIHTC accommodations NCSHA is requesting from the IRS to those allowed under existing IRS Revenue Procedures 2014-49 and 2014-50, which provide relief in instances of Presidentially-declared Major Disasters, and to recent IRS Notice 2020-23, which extends certain program deadlines until July 15, […]

HUD updated its FAQ document to include some clarifications about the treatment of households stimulus payments, as well as the temporary enhancement of unemployment insurance, when calculating household income and program eligibility.

Congressman Denver Riggleman (R-VA) introduced The Opportunity Zone Extension Act (H.R. 6513) that would extend the Opportunity Zone (OZ) tax incentive from 2026 to 2030, giving more time and benefits for investors.

The U.S. Department of Agriculture’s (USDA) COVID-19 Federal Rural Resource Guide lists federal programs that can help rural communities, organizations and residents impacted by COVID-19.

The National Low Income Housing Coalition (NLIHC) created a searchable database and map of multifamily properties covered under the federal moratoriums to help renters know if they are protected.

The National Council of State Housing Agencies (NCSHA) released a matrix comparing the LIHTC accommodations NCSHA is requesting from the IRS to those allowed under existing IRS Revenue Procedures 2014-49 and 2014-50, which provide relief in instances of Presidentially-declared Major Disasters, and to recent IRS Notice 2020-23, which extends certain program deadlines until July 15, […]

On April 14, the HUD office of Multifamily Housing Programs updated its Q&A for COVID-19, which contains information about forbearance, Section 223(f)’s, and move-in and vacancies.

HUD also published two mortgagee letters on Section 223(f) Underwriting Mitigants for Multifamily Housing Projects due to Economic Impact of COVID-19 Emergency and Implementation of the Coronavirus Aid, Relief and Economic Security (CARES) Act Forbearance.