Recent News
The U.S. Department of Housing and Urban Development (HUD) announced federal relief Tuesday for those affected by California wildfires. President Trump issued a major disaster declaration for Butte, Los Angeles and Ventura counties, so HUD will now share information with the Federal Emergency Management Agency and the state about housing providers that may have available units for affected residents.
Results from Tuesday’s elections–with Democrats taking control of the House of Representatives and Republicans maintaining control of the Senate–and their effect on the affordable housing, community development and renewable energy communities are the subject of a Notes from Novogradac blog post and a
The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac each have $35 billion multifamily lending caps for 2019. Those figures are unchanged from 2018 and are based on FHFA’s projections of the size of the 2019 multifamily originations market. The FHFA will review its estimates of the multifamily loan origination market each quarter and will adjust caps if necessary, although it will not reduce the caps.
The Treasury Department today released the first tranche of proposed guidance for the opportunity zones (OZ) incentive, addressing gains invested in qualified opportunity funds. Treasury also released a related revenue ruling. Treasury will accept comments for 60 days.
The U.S. Department of Housing and Urban Development (HUD) this week issued guidance for Housing Trust Fund grantees. Notice CPD-18-12 outlines commitment and expenditure requirements, as well as how HUD determines compliance with deadline requirements. The notice is effective until it is amended, superseded or rescinded.
Recent Updates
