Recent News
The Federal Housing Administration will offer an incentive for borrowers who rehabilitate homes in opportunity zones, U.S. Department of Housing and Urban Development Secretary Ben Carson announced today. Starting Dec.
Rep. Maxine Waters, D-Calif., introduced legislation to provide $70 billion to address the capital needs backlog for public housing and another $32.1 billion for investments in affordable housing. The Housing is Infrastructure Act of 2019 (H.R.
Rep Ilhan Omar, D-Minn., Wednesday introduced legislation to authorize construction of 12 million new public housing and permanently affordable private rental units. The Homes for All Act of 2019 would invest $1 trillion over 10 years and would make public housing operating and capital spending mandatory in future budgets.
The U.S. Department of Housing and Urban Development will publish in Friday’s Federal Register a notice establishing operating cost adjustment factors (OCAFs) for project-based assistance Section 8 contracts with an anniversary date of Feb. 11, 2020, or later. OCAFs are used to adjust Section 8 rents renewed under Section 515 or Section 524 of the Multifamily Assisted Housing Reform and Affordability Act of 1997.
Democratic presidential candidate Joe Biden today released a plan to invest $1.3 trillion in infrastructure over 10 years, including permanence for the new markets tax credit (NMTC) incentive and a restoration of the renewable energy investment tax credit (ITC). Biden, a former U.S.
