Newsroom
Trump Administration Releases Infrastructure Plan
The Trump Administration yesterday released the framework of the President’s long-awaited infrastructure plan. One of the key planks of the proposal would strengthen and allow for the increased use of private activity bonds (PABs), though it is unclear how many of the provisions would impact Housing Bonds.
Sustainable-Energy Projects Help Keep Washington Green
A solar rooftop for a grocery store in south Kitsap, energy improvements for a new addiction-treatment facility in Seattle, and a biodigester on Vashon Island are the latest projects to be financed through the Sustainable Energy Trust (SET).
NCSHA Statement on the Administration’s FY 2019 Budget
The Administration’s FY 2019 Budget proposes eliminating HOME, the Housing Trust Fund, CDBG, and other effective housing programs, and drastically reduces federal rental assistance on which so many people rely.
Low-Income Seniors Living in Boston Will See Extension of Affordability, Property Improvements, With $135.5 Million in Financing
MassHousing has provided a total of $135.5 million in financing to an affiliate of the non-profit Retirement Housing Foundation (RHF), to enable RHF to launch a major renovation of the 404-unit Symphony Plaza in Boston, and extend affordability at the property for at least 30 years.
Worcester Housing Community to Undergo Renovations, Extension of Affordability for Low-Income Households With $16.4 Million
MassHousing has closed on $16.4 million in affordable housing financing to the WinnCompanies, for the rehabilitation and long-term preservation of the historic 180-unit Wellington Community in Worcester.
HUD Releases CDBG-DR Notice for 2017 Disasters
On February 9, HUD published in the Federal Register a notice allocating and providing guidance on the use of $7.39 billion in Community Development Block Grant disaster recovery (CDBG-DR) funds to certain states and territories impacted by the 2017 hurricanes. These funds were appropriated by Congress as part of a disaster aid package enacted September 8, 2017. In addition to announcing the allocations, the notice describes applicable waivers and alternative requirements, relevant statutory provisions for the CDBG-DR grants provided under the notice, the grant award process, criteria for action plan approval, and eligible disaster recovery activities.
Congress Passes Budget Deal, New Stopgap Funding
President Trump this morning signed a two-year bipartisan budget agreement lifting the caps on federal spending for FY 2018 and FY 2019 by almost $300 billion and extending current funding levels until March 23 so that Appropriators will have time to write final FY 2018 spending bills using the new caps. The enactment of the bill ended a very brief government shutdown that began at midnight last night when the previous stopgap funding bill -- or Continuing Resolution (CR)-- expired. The House approved the measure by a margin of 240-186, after it received Senate approval by a margin of 71-28.
Trump Administration Releases FY 2019 Budget Proposal Eliminating HOME and Other Federal Housing Programs
On February 12, the Administration sent Congress its formal Fiscal Year (FY) 2019 Budget request, “Efficient, Effective, Accountable: An American Budget”.
IRS Expands Housing Credit Disaster Relief for Puerto Rico and Solicits Public Comment on Existing Disaster Relief Guidance
Yesterday, the Internal Revenue Service (IRS) issued Notice 2018-17 providing guidance on Housing Credit disaster relief for Puerto Rico as a result of Hurricane Maria, expanding on the general IRS disaster relief provided in Revenue Procedure 2014-49 and Revenue Procedure 2014-50, including specific provisions on emergency housing relief, compliance monitoring reviews, and carryover allocation deadlines.
