Recent News
The White House Opportunity and Revitalization Council Wednesday published its implementation plan on administrative reforms and initiatives to target, streamline, coordinate and optimize federal resources in economically distressed communities, including opportunity zones (OZ). The council, which is chaired by U.S.
The U.S. Department of Housing and Urban Development will publish in tomorrow’s Federal Register a notice establishing renewal funding inflation factors (RFIFs) to adjust fiscal year (FY) 2019 renewal funding for the Housing Choice Voucher program of each public housing agency (PHA). RFIFs are used to adjust the Housing Choice Voucher fund allocations to PHAs for local changes in rents, utility costs and tenant incomes.
The U.S. Department of Housing and Urban Development (HUD) will publish a request for information in the Federal Register seeking input on how HUD can act to encourage public and private investment in distressed communities, including opportunity zones. The White House Opportunity and Revitalization Council, created by executive order, includes the HUD secretary as the chairman. HUD is reviewing existing policies to determine what actions it can take.
The U.S. Department of Housing and Urban Development today issued an advance notice of funding availability (NOFA) for up to $50 million for the Section 202 Supportive Housing for the Elderly program. The award ceiling will be $5 million and the minimum will be $50,000. The NOFA provides scoring advantages to applicants that leverage other funds with the HUD funding. There will be a second NOFA in 2020.
The U.S. Senate today confirmed Mark Calabria as the director of the Federal Housing Finance Agency by a 52-44 vote. Calabria will oversee, among other things Fannie Mae and Freddie Mac. Calabria will serve a five-year term and he succeeds Mel Watt, whose term ended in January. Calabria previously was the chief economist for Vice President Mike Pence.
