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Novogradac & Company LLP provides online resource centers that present the most comprehensive and up-to-date information for the affordable housing and community development industries.
News
The U.S. Department of Housing and Urban Development (HUD) today announced $472 million in funding for public housing agencies (PHAs) to assist low-income families during the COVID-19 pandemic.
Nine national banks, federal savings associations and insured federal branches of foreign banks received outstanding Community Reinvestment Act (CRA) performance evaluations in July from the Office of the Comptroller of the Currency, the OCC announced today. The other 21 evaluations made in July were satisfactory.
The Federal Housing Finance Agency announced today that multifamily property owners with mortgages backed by Fannie Mae or Freddie Mac who enter new or modified forbearance agreements must inform their tenants in writing that the tenants cannot be evicted for nonpayment of rent during the COVID-19 pandemic.
Sen. Brian Schatz, D-Hawaii, and nine cosponsors introduced legislation this week to create a $2 billion Community Development Financial Institutions (CDFI) Crisis Fund to serve as a complement to the existing CDFI Fund.
The House of Representatives today passed H.R. 7616, which bundles fiscal year 2021 spending bills for several departments, including the U.S. Department of Housing and Urban Development (HUD). The bill includes $50.6 billion for HUD, including $25.7 billion for tenant-based rental assistance and $13.1 billion for project-based rental assistance.
The U.S. Department of Housing and Urban Development (HUD) today released two notices detailing how to access funding for the Housing Choice Voucher (HCV) program that was provided in the Coronavirus Aid, Relief and Economic Security (CARES) Act. PIH Notice 2020-17 addresses $400 million in housing assistance payment funding for the HCV program, including eligibility and shortfall funding.
A group of 103 members of the House of Representatives, led by Rep. Suzan DelBene, D-Wash., and Rep. Jackie Walorski, R-Ind., today published a letter asking House leadership to prioritize affordable housing measures in the next COVID-19 relief legislation.
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