Recent 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.
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.
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.
Novogradac this week adjusted downward its estimate of national median income for 2021 after the Congressional Budget Office (CBO) released its midyear estimate of consumer price index (CPI), one of the components the U.S. Department of Housing and Urban Development (HUD) uses to calculate income limits for the low-income housing tax credit (LIHTC) and HUD programs. Based on this update, Novogradac adjusted its estimate of national median income for 2021 to $79,200, an 0.89 percent increase over the 2020 national median income.
