Recent News

Monday, March 1, 2021

The Federal Housing Finance Agency (FHFA) today announced the authorization of more than $1 billion in affordable housing allocations to Fannie Mae and Freddie Mac, the largest disbursement in history. Of the provided funds to Fannie and Freddie, the U.S. Department of Housing and Urban Development’s (HUD’s) Housing Trust Fund (HTF) will receive $711 million and the Department of the Treasury’s Capital Magnet Fund (CMF) will receive $383 million.

Monday, February 22, 2021

The U.S. Department of the Treasury today provided a revised frequently asked questions (FAQs) document to act as guidance for Emergency Rental Assistance (ERA) program requirements. Among the revisions in the FAQs, Treasury is allowing self-attestation to document most eligibility requirements for applicants.

Tuesday, February 16, 2021

Legislation introduced in the Montana House of Representatives would create a state workforce housing tax credit that could be paired with the federal low-income housing tax credit (LIHTC) for tax years beginning on or after Jan. 1, 2022. H.B. 397 would allow the credit to be taken over six years and for any excess credit to be carried forward a maximum of five years. The statewide cap would be 50% of the federal cap for any year, plus any unallocated credits from previous rounds.

Monday, February 8, 2021

The U.S. Department of the Treasury today posted a list of state and local governments that will receive grants through the Emergency Rental Assistance (ERA) program. The ERA program is part of the fiscal year 2021 spending legislation and will provide $25 billion to assist renters in paying unpaid rent and utilities. The list of grantees released by Treasury includes states and grantees within the states.

Tuesday, February 2, 2021

Legislation introduced in the Missouri Senate would limit the allocation of the state 9% low-income housing tax credits (LIHTCs) to 70% of the federal LIHTC amount and cap the state 4% LIHTC allocation at $4 million annually. S.B. 85 is similar to legislation introduced in the past few sessions of the Missouri Legislature. Missouri funded the state LIHTC incentive in 2020 for the first time since 2017 and the Missouri Housing Development Commission limited the 9% credits to 70% of the federal allocation and capped 4% credits at $3 million.

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