Recent News
U.S. Department of the Treasury today published details concerning the $25 billion available through the Emergency Rental Assistance program, including a deadline of Tuesday, Jan. 12, at 11:59 p.m. ET to ensure payments are made within a 30-day period. Treasury also published grantee award terms and a submission form.
The Federal Housing Finance Agency (FHFA) today published the 2021 Underserved Markets Plans for Fannie Mae and Freddie Mac.
The U.S. Department of Housing and Urban Development (HUD) will publish in Thursday’s Federal Register two notices–one announcing the allocation of Community Development Block Grant (CDBG) mitigation funds and the other announcing the allocation of CDBG disaster recovery (CDBG-DR) funds.
President Donald J. Trump signed fiscal year 2021 spending legislation Sunday that includes a permanent minimum 4% low-income housing tax credit (LIHTC), a five-year extension of the new markets tax credit (NMTC) and extensions of renewable energy tax credits. The $1.4 trillion omnibus fiscal year spending legislation includes a $1.2 billion allocation of non-COVID disaster LIHTCs for 11 states and Puerto Rico, a one-year extension of the renewable energy production tax credit (PTC) at 60% of its original amount and a two-year extension of the renewable energy tax investment tax credit (ITC) at a 26% rate. The NMTC is now authorized through 2025.
A permanent minimum 4% low-income housing tax credit (LIHTC) rate, a five-year extension of the new markets tax credit (NMTC) and an extension of phase-down provisions for the renewable energy investment tax credit (ITC) and production tax credit (PTC) are included in a $1.4 trillion omnibus fiscal year 2021 (FY 2021) spending and $900 billion COVID-19 relief bill that will be considered by Congress today.
