Recent News
Novogradac & Company LLP lowered its estimate of the increase in the national median income for 2019, based on the Congressional Budget Office’s (CBO) 10-Year budget and economic outlook released Monday. Novogradac now estimates the national median will increase 5.01 percent, compared to the earlier estimate of 5.15 percent based on the August 2018 CBO report. The estimated change in national median income for 2020 remains 4.37 percent.
President Donald Trump today announced a short-term funding agreement to end the partial federal government shutdown after 35 days. The agreement will allow the U.S. Department of Housing and Urban Development to fund expired and expiring housing contracts and will allow the Community Development Financial Institutions (CDFI) Fund to resume movement toward the announcement of new markets tax credit allocations. The legislative measure will fund the government through Feb. 15 and Trump said border security negotiations will continue during the interim.
President Donald Trump today named Comptroller of the Currency (OCC) Joseph M. Otting as acting director of the Federal Housing Finance Agency (FHFA) when current FHFA Director Mel Watt’s term ends Jan. 6. Otting would serve as acting FHFA director until a permanent director is confirmed and would concurrently carry out his duties as Comptroller of the Currency.
The number of people in the United States who experienced homelessness on a single night in 2018 narrowly increased, although homelessness among veterans and families with children declined, according to the latest national estimate by the U.S. Department of Housing and Urban Development. The 2018 Annual Homeless Assessment Report to Congress found that 552,830 people were homeless on a single night in January 2018, an increase of 0.3 percent compared to 2017.
The U.S. Department of Housing and Urban Development (HUD) will publish in tomorrow’s Federal Register notices of funding awards for the fiscal year (FY) 2017 Choice Neighborhoods Implementation, the FY 2018 Lead Technical Studies and Healthy Homes Technical Studies grant, the FY 2018 Housing Counseling Training grant, the FY 2018 Comprehensive Housing Counseling grant program and FY 2018 Choice Neighborhood Planning.
Recent Updates
