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Friday, January 17, 2020

Rep. Denny Heck, D-Wash., and three co-sponsors introduced legislation this week to redirect the guarantee fee levied by Fannie Mae and Freddie Mac to the National Housing Trust Fund. The Fulfilling the Promise of the Housing Trust Fund Act (H.R. 5599) would make the change effective Oct. 1, 2021. The guarantee fees are currently directed to create extra profits to reduce the federal deficit.

Tuesday, January 7, 2020

The U.S. Department of Housing and Urban Development (HUD) today announced its proposed Affirmatively Furthering Fair Housing (AFFH) rule. The AFFH rule is intended to offer guidance to states and local governments to meet their obligation to promote fair housing.

Thursday, January 2, 2020

The U.S. Department of Housing and Urban Development (HUD) will publish a notice in the Federal Register Friday seeking comment on its opportunity zone (OZ) grant certification form. The form will be used to collect information for preference points for OZ investments in certain competitive federal grants and technical assistance applications. Comments will be accepted through Feb. 2.

Friday, December 27, 2019

The U.S. Department of Housing and Urban Development (HUD) today awarded $5 million to public housing authorities in six states to provide tenant protection vouchers to residents of public housing.

Monday, December 23, 2019

The Community Development Financial Institutions (CDFI) Fund will publish two notices in Thursday’s Federal Register requesting comments on a tracking system and an application for the new markets tax credit (NMTC) incentive. The first notice seeks comments on the NMTC program’s Allocation and Qualified Equity Investment tracking system.

Monday, December 23, 2019

The U.S. Department of Housing and Urban Development (HUD) will publish in Thursday’s Federal Register a proposal for the expansion of information it collects on project-based vouchers (PBVs)–which have become more widespread with the expansion of HUD’s Rental Assistance Demonstration (RAD) program.

Thursday, December 12, 2019

Sens. Michael Bennet, D-Colo., and Rob Portman, R-Ohio, today introduced the Eviction Crisis Act, a bill to create an Emergency Assistance Fund (EAF) that would help extremely low-income households overcome a short-term crisis in housing stability. The EAF would function as a competitive grant program administered by the U.S. Department of Housing and Urban Development (HUD), with state and local governments as eligible grantees.

Wednesday, December 11, 2019

The U.S. Department of Housing and Urban Development (HUD) Tuesday announced nearly $200 million in grant awards to 52 Native American tribes and tribally designated housing entities for new housing construction, housing rehabilitation and infrastructure. The grants, awarded through HUD’s Indian Housing Block Grant program, will help build approximately 1,200 new housing units for low-income families. Eleven of the 52 grantees are in opportunity zones.

Monday, December 9, 2019

The U.S. Department of Housing and Urban Development (HUD) will publish in Tuesday’s Federal Register a notice announcing the fiscal year (FY) 2020 annual adjustment factors for the Section 8 housing assistance payments program. The notice provides FY 2020 factors for adjustments of contract rents on the anniversary of the contract.

Friday, November 22, 2019

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.

Thursday, November 21, 2019

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.

Thursday, November 21, 2019

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.

Thursday, November 21, 2019

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.

Thursday, November 14, 2019

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.

Monday, November 4, 2019

The U.S. Department of Housing and Urban Development (HUD) today released a frequently asked questions document explaining how certain public housing conversions in opportunity zones under the Rental Assistance Demonstration program are eligible for increased contract rents.

Friday, November 1, 2019

The U.S. Department of Housing and Urban Development (HUD) will publish in Monday’s Federal Register a notice seeking comment on its collection of information for the Public Housing Capital Fund program.

Friday, October 25, 2019

Sen. Cory Booker, D-N.J., and Rep. James Clyburn, D-S.C., introduced companion legislation this week that would create a refundable tax credit for rent-burdened taxpayers and would require states that receive major federal grants to create an inclusive zoning strategy. The Housing, Opportunity, Mobility and Equality (HOME) Act, S. 2684 and H.R.

Tuesday, October 22, 2019

The U.S. Department of Housing and Urban Development’s (HUD’s) Office of Policy Development and Research today published its final report, Evaluation of HUD’s Rental Assistance Demonstration (RAD), a 239-page document that discusses the post-conversion experience with RAD, the physical condition of properties, how renovated properties perform financially and the effect on tenants.

Tuesday, October 22, 2019

The U.S. Department of Housing and Urban Development (HUD) today announced that the Real Estate Assessment Center will not adopt the Accounting Standards Update 2016-18 on restricted cash in its financial templates. The decision creates a difference in how financial statements are presented under generally accepted accounting principles and in HUD-based financial statements.

Thursday, October 17, 2019

The U.S. Department of Housing and Urban Development released the list of difficult development areas (DDAs) and qualified census tracts (QCTs) for 2020 for the low-income housing tax credit (LIHTC). DDAs and QCTs are eligible for as much as a 30 percent basis boost while receiving the LIHTC. The DDAs and QCTs are effective for allocations of LIHTCs after Dec.