IRS Rev. Proc. 2020-45 provides the 2021 per capita and small state minimum levels for the Low Income Housing Tax Credit (Housing Credit) and Private Activity Bonds (PABs). In 2021, states will receive the greater of $2.8125 per capita or $3,245,625 in Housing Credit authority and the greater of $110 per capita or $324,995,000 in […]
Read More… from IRS Revenue Procedure 2020-45, 2021 Housing Credit and Housing Bond Volume Caps
On October 19, 2020, the Board of Governors of the Federal Reserve System issued this Advance Notice of Proposed Rulemaking to solicit public comments regarding modernizing the Fed’s Community Reinvestment Act regulatory and supervisory framework. Comments are due by February 16, 2021. […]
This document provides answers to frequently asked questions about the CDC’s temporary eviction moratorium for qualifying renters, adopted on September 4, 2020, and expiring on December 31, 2020. […]
On October 8, 2020, the U.S. Department of Housing and Urban Development published this proposed rule to implement changes affecting the Housing Choice Voucher tenant-based and Project-Based Voucher programs as authorized by the Housing Opportunity Through Modernization Act of 2016 (HOTMA) as well as additional regulatory changes intended to reduce the burden on public housing […]
On October 5, the Internal Revenue Service published Internal Revenue Bulletin 2020-41, which includes Revenue Procedure 2020-42, providing the Housing Credit National Pool amounts for qualified states for calendar year 2020. Thirty-three states received Credit authority under the National Pool. […]
This notice provides information on several policies impacting Mainstream vouchers. The provisions in the notice are being offered to help public housing agencies prevent, prepare for, and respond to the coronavirus pursuant to the Coronavirus Aid, Relief, and Economic Security (CARES) ACT. […]
A scaled-back version of the $3.4 trillion Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act the House passed in May, this House bill would provide $2.2 trillion in coronavirus relief. Detailed Summary: One-Page Summary: […]
This final rule updates the U.S. Department of Housing and Urban Development’s Section 3 regulations to create more effective incentives for employers to retain and invest in their low- and very low- income workers, streamline reporting requirements by aligning them with typical business practices, provide for program-specific oversight, and clarify the obligations of entities that […]
This report, produced by STOUT, estimates roughly 10 – 14 million renter households — home to 23 – 34 million renters — were behind on their rent by a total of roughly $12 – $17 billion as of September 14, 2020. These renters will owe $25 – $34 billion by January 2021, when the Centers […]
