Treasury Department
Treasury Issues More Notices Seeking Input on Clean Energy Provisions of IRA
The U.S. Department of the Treasury issued three notices requesting public input on climate and clean energy incentives included in the Inflation Reduction Act, following six notices issued in October.
Secretaries Fudge and Yellen Tout President Biden’s Plan to Boost Affordable Housing
An op-ed by Treasury Secretary Janet Yellen and U.S. HUD Secretary Marcia Fudge calls President Biden’s plan to boost affordable housing both unprecedented and necessary.
White House Updates Progress on Housing Supply Action Plan
The Biden-Harris administration announced progress on implementing its Housing Supply Action Plan.
Treasury Guarantees $355 Million in Bond Funding for Projects in Low-Income Communities
The. U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced three guarantees totaling $355 million under the Community Development Financial Institution (CDFI) Bond Guarantee Program.
Treasury Webinar on SLFRF for Affordable Housing Production, Preservation – Aug. 10
The Department of the Treasury will hold a webinar on how State and Local Fiscal Recovery Funds (SLFRF) can be used for affordable housing production and preservation.
New Treasury Guidance Adds Flexibility for Unobligated ERA 2 Dollars
The U.S. Department of the Treasury recently updated its Frequently Asked Questions (FAQs) guidance for the Emergency Rental Assistance (ERA) program to provide additional flexibilities under the American Rescue Plan Act for ERA 2 dollars that are unobligated as of Oct. 1, 2022.
Treasury Releases Guidance Updates, How-to Guide to Increase Investments in Affordable Housing Using ARP Funds
The U.S. Department of the Treasury announced new guidance to increase the ability of state, local and tribal governments to use American Rescue Plan (ARP) funds to boost the supply of affordable housing in their communities.
CDFI Fund Releases Updated Program Eligibility Information
The Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has established a plan for releasing updated program eligibility information based upon Census Bureau data from the 2016-2020 American Community Survey (ACS).
Treasury Announces $336.4 in Capital Magnet Fund Awards
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 59 organizations $336.4 million for the development of affordable housing and community facilities serving low-income individuals, families and communities.
CDFI Fund Launches Equitable Recovery Program
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2022 funding round for the CDFI Equitable Recovery Program (CDFI ERP).
Bipartisan Group of Lawmakers Call for Expedited Final Rule on Income Averaging
Last week, a bipartisan group of lawmakers sent a letter to the Department of Treasury and Internal Revenue Service urging the expedited release of a final rule on income averaging under the LIHTC program.
Treasury Calls for More Housing Investments via SLFRF
Last week, Deputy Secretary of the Treasury Wally Adeyemo visited an affordable housing services center in the City of Compton in Los Angeles County where he highlighted how California is using American Rescue Plan funds to keep families in their homes and build more affordable housing. California budgeted over $7.4 billion of its State and […]