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The Federal Housing Finance Agency (FHFA) announced that beginning in 2024, Fannie Mae and Freddie Mac will each be able to invest up to $1 billion annually in low-income housing tax credit (LIHTC) equity. Additionally, Fannie and Freddie will only make LIHTC investments in projects that waive the...
HUD has re-opened the FY 2023 Jobs Plus NOFO to add the anticipated FY 2024 Jobs Plus appropriations of $15 million in funding. This allows HUD to solicit additional applications and to award more Jobs Plus Grants this fiscal year. The due date for new applications is March 12, 2024. Applications...
Rise in Homelessness Coincides with Winding Down of Pandemic-Era Supports
HUD has released new data showing that over 650,000 people were experiencing homelessness on a single night in January 2023. This reflects a 12 percent increase over 2022 and is the highest number of people...
The U.S. Department of Housing and Urban Development (HUD) recently announced a proposed rule that would permanently require public housing authorities (PHAs) and owners of properties participating in HUD Multifamily project-based rental assistance programs to provide...
Proposed House Funding Levels Will Lead to Extreme Proration
On Thursday, December 7, CLPHA, the MTW Collaborative, the National Association of Housing and Redevelopment Officials (NAHRO), and the Public Housing Authorities Directors Association (PHADA) sent a letter to Congress asking...
On December 6, 2023, the House Financial Services Subcommittee on Housing and Insurance held a hearing entitled, “Housing Affordability: Governmental Barriers and Market-Based Solutions.” The hearing primarily focused on discussing government regulations that have contributed to housing...
CLPHA has submitted a statement for the record to the U.S. House of Representatives Committee on Financial Services’ Subcomittee on Housing and Insurance for the committee’s hearing entitled “Housing Affordability: Governmental Barriers and Market-Based Solutions,” held today, December 6...
Comments Due January 30
HUD has proposed a rule that would make permanent the requirement that PHAs provide 30 days’ written notification to tenants facing eviction for nonpayment of rent prior to the commencement of a formal judicial eviction. The proposed rule would apply only to...
HUD has published Notice CPD-2023-12, which provides initial implementation guidance for Build America, Buy America Act (BABA)’s requirements for HUD Community Planning and Development (CPD) grantees. This guidance applies to roughly eighteen CPD programs, which are defined in Section 3 of the...
Unprecedented “Laddered” Approach Will Fund Government for Different Periods of Time
On November 16, 2023, President Joe Biden signed H.R. 6363, the “Further Continuing Appropriations and Other Extensions Act,”...