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Friday, June 26, 2020

A report from the Government Accountability Office (GAO) concluded that rental affordability declined from 2001 to 2017 as the number of renters increased from 34 percent of the population to 36 percent.

Friday, June 26, 2020

A biennial report from the U.S. Department of Housing and Urban Development (HUD) says that worst-case housing needs have increased over the long term and that housing developers and property managers are finding it difficult to provide decent rental housing at rates affordable to working families and vulnerable households. The Worst Case Housing Needs 2019 Report to Congress includes data from the 2017 American Housing Survey.

Friday, June 26, 2020

The U.S. Department of Housing and Urban Development (HUD) today announced that the Office of Housing approved an extension for all financial statements until Sept. 30. The extension applies to all submissions, both audited and unaudited. Any submission with a due date before Sept. 30 is affected.

Friday, June 12, 2020

The U.S. Department of Housing and Urban Development (HUD) will publish in Monday’s Federal Register a notice announcing the monthly per-unit fee rates to determine ongoing administrative fees for public housing authorities (PHAs) that administer certain HUD programs.

Wednesday, June 10, 2020

The U.S. Department of Treasury and the Internal Revenue Service (IRS) today posted a notice seeking recommendations to be included on the 2020-2021 Priority Guidance Plan. The Priority Guidance Plan identifies guidance projects that the Treasury and the IRS intend to focus on from July 1, 2020, through June 30, 2021.

Tuesday, June 9, 2020

The U.S. Department of Housing and Urban Development (HUD) today announced the allocation of nearly $3 billion in Emergency Solution Grants awards to help local governments prevent, prepare for and respond to COVID-19 among individuals and families who are homeless, receiving homeless assistance or at risk of becoming homeless.

Monday, June 8, 2020

The U.S. Department of Housing and Urban Development (HUD) will publish in Tuesday’s Federal Register a 60-day notice of proposed information collection concerning an evaluation of the Rental Assistance Demonstration (RAD) program’s choice mobility option and long-term affordability. Congress requested and HUD provided two previous evaluations of RAD and the 2018 budget legislation that extended and expanded RAD provided funds to conduct a follow-up evaluation.

Friday, May 29, 2020

The U.S. Department of Housing and Urban Development (HUD) published a toolkit guide Thursday to provide local leaders with strategies for promoting economic development in federal opportunity zones (OZs).

Thursday, May 28, 2020

The National Low-Income Housing Coalition and the Public and Affordable Housing Research Corporation today released a report that highlights the need for additional resources for affordable housing, saying nearly 300,000 affordable homes could be lost in the next five years.

Friday, May 15, 2020

Reps. Maxine Waters, D-Calif., and Katie Porter, D-Calif., introduced legislation to provide $1.2 billion in relief for U.S. Department of Housing and Urban Development (HUD) senior housing residents and providers during the COVID-19 pandemic.

Friday, May 15, 2020

As many as 1.4 million additional homes would be built or preserved by 2030 if the 50 percent test for bond-financed affordable housing properties were changed, according to an analysis commissioned by the National Council of State Housing Agencies and conducted by Novogradac–a change that could also help preserve properties affected by COVID-19-related financial strain.

Tuesday, May 12, 2020

House Democrats today unveiled a $3 trillion COVID-19 relief bill, their proposal for “Phase 4” of pandemic relief legislation. The Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act would provide nearly $1 trillion to state and local governments to avert layoffs and $200 billion in hazard pay for essential workers.

Monday, May 11, 2020

The U.S. Department of Housing and Urban Development (HUD) today announced the allocation of $1 billion in funding to states for COVID-19 relief through the Community Development Block Grant program. The funding is provided under the Coronavirus Aid, Relief and Economic Security (CARES) Act. The allocation formula emphasizes states hardest hit by unemployment. Every state and insular area will receive a portion of the funds.

Friday, May 8, 2020

Legislation introduced today in Congress would create a $100 billion emergency rental assistance fund for low-income families affected by the COVID-19 pandemic. The Emergency Rental Assistance and Rental Market Stabilization Act was introduced by Reps. Maxine Waters, D-Calif., and Denny Heck, D-Wash., and by Sen. Sherrod Brown, D-Ohio, to help families and individuals pay rent, utility bills and remain housed during and after the COVID-19 pandemic.

Thursday, May 7, 2020

Sens. Jack Reed, D-R.I., and Sherrod Brown, R-Ohio, today introduced legislation to create a $75 billion Housing Assistance Fund to provide aid through state housing finance agencies to lower-income homeowners and renters affected by the COVID-19 pandemic. S. 3620 would provide funding for homeowners and renters who need assistance to avoid mortgage defaults, foreclosures and evictions under financial hardships that started after Jan. 21, 2020.

Tuesday, May 5, 2020

The U.S. Department of Housing and Urban Development (HUD) today announced the allocation of $380 million in supplemental administrative fee funding to public housing authorities (PHAs). The two months of additional funding may be used by PHAs for traditional administrative fees, as well as for new costs associated with helping families and employees due to the COVID-19 pandemic.

Monday, May 4, 2020

The Internal Revenue Service issued a notice that clarifies that taxpayers are not allowed a deduction for an expense if payment of the expense results in forgiveness of a Paycheck Protection Program (PPP) loan, and the income associated with the forgiveness is excluded from gross income.

Friday, May 1, 2020

The U.S. Department of Housing and Urban Development (HUD) today announced the allocation of $685 million in COVID-19 relief to public housing authorities (PHAs). The funding is part of the Coronavirus Aid, Relief and Economic Security (CARES) Act and can be used for preparation, prevention and/or response to a COVID-19 outbreak.

Thursday, April 30, 2020

The U.S. Government Accountability Office (GAO) today released a report with priority recommendations to the U.S. Department of Housing and Urban Development (HUD), outlining 17 priority open recommendations for HUD. GAO’s Priority Open Recommendations for HUD adds eight recommendations to last year’s original list of nine such recommendations.

Thursday, April 30, 2020

The Internal Revenue Service will publish a revenue procedure May 18 to temporarily allow taxpayers to electronically submit requests for private letter rulings and other guidance. Revenue Procedure 2020-29 modifies an earlier revenue procedure and will allow both paper and electronic requests for advice until Revenue Procedure 2020-29 is modified or superseded.