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Federal Regulations & Notices

Advance Notice of Proposed Rulemaking: Federal Reserve System Community Reinvestment Act Regulations

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. 

Coronavirus Questions and Answers for Office of Multifamily Housing Stakeholders

On October 14, HUD updated for stakeholders of the Office of Multifamily Housing its Questions and Answers related to the coronavirus and COVID-19.

FAQs: CDC’s Order Temporarily Halting Residential Evictions to Prevent the Spread of COVID-19

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.

HUD: HOTMA Proposed Rule

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) and additional regulatory changes intended to reduce the administrative burden on public housing agencies.

IRS Revenue Procedure 2020-42

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.

HUD: Section 3 Final Rule

Published on September 29, 2020, 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 are covered by Section 3.

Mainstream Vouchers – Non-Competitive Opportunity for Additional Vouchers Authorized by the CARES Act, Temporary Waivers and Alternative Requirements, and Modified 2020 Housing Assistance Payment Renewal Calculation

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.

FHFA Strategic Plan: Fiscal Years 2021–2024

The ​Federal Housing Finance Agency released its proposed Strategic Plan for 2021–2024 for public comment due by October 5, 2020. This draft document reflects the agency's priorities as the regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac.

CPD Memo: Suspension and Waiver of the HOME Program Consortium Qualification Deadline in Response to COVID-19 Pandemic

The Office of Community Planning and Development within the U.S. Department of Housing and Urban Development (HUD) issued this memorandum suspending the HOME Program’s statutory deadline and waiving the HOME regulatory deadline for qualification or requalification of urban counties and consortia to provide HOME Participating Jurisdictions additional time to complete these processes due to the unanticipated circumstances created by the COVID-19 pandemic. HUD has extended the deadline from September 30, 2020, to November 30, 2020.