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Recent News
President Joe Biden released a $1.5 trillion federal spending outline for fiscal year 2022 today, a discretionary funding request that includes $68.7 billion for the U.S. Department of Housing and Urban Development (HUD), an increase of 15% over 2021 levels. The outline also requests $330 million for the U.S. Treasury’s Community Development Financial Institutions (CDFI) Fund, a 21% increase from 2021 levels.
The Urban Institute released a brief report about the nation’s housing supply shortage, calling for “policymakers … [to] expand the Low-Income Housing Tax Credit [LIHTC], Section 142 tax-exempt bonds for the development of rental housing, and the New Market Tax Credit [NMTC], each of which has proven effective in promoting development in underserved communities.”
The U.S. Department of Housing and Urban Development (HUD) today announced the allocation of $689.6 million through the national Housing Trust Fund (HTF). The HTF is capitalized through contributions by Fannie Mae and Freddie Mac. This year’s allocation more than doubles last year’s $322.6 million contribution. State allocations range from $126.6 million to California to the small-state minimum of $3.1 million to 10 states plus the District of Columbia.
The U.S. Department of Housing and Urban Development (HUD) will publish a notice in Friday’s Federal Register that it is withdrawing a previous proposed rule to prohibit financial assistance for public housing and other assisted housing programs to most non-citizen residents. HUD identified the proposed rule as inconsistent with two executive orders and will formally withdraw the rule.
The U.S. Department of Housing and Urban Development (HUD) has posted income limits to determine eligibility for HUD-assisted programs, as well as eligibility for low-income housing tax credit (LIHTC) and tax-exempt bond properties for fiscal year 2021. The limits are effective today. HUD publishes income limits for public housing, Section 8, Section 221(d)(3) and Section 236 properties. HUD also publishes Multifamily Tax Subsidy Projects (MTSP) income limits to determine eligibility for the LIHTC and tax-exempt bond properties
Recent Updates
April 14, 2021 10:38am
