Federal Regulations & Notices
Federal Housing Finance Agency 2018 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions
Outlines the steps FHFA expects Fannie Mae, Freddie Mac, and Common Securitization Solutions to undertake next year to fulfill FHFA’s Strategic Plan for Enterprise Conservatorship, which was finalized in 2014.
HOTMA Implementation Guidance
Codifies VAWA core protections across covered HUD programs to ensure individuals are not denied assistance, evicted, or have their assistance terminated because of their status as victims of domestic violence, dating violence, sexual assault and stalking, or for being affiliated with a victim.
IRS Revenue Procedure 2017-58, 2018 Housing Credit and Bond Volume Cap Notice (Updated by Rev. Proc. 2018-18)
Sets 2018 Housing Credit and Bond Volume Caps. This Rev. Proc. Is superseded by Rev. Proc. 2018-18.
HUD Interim Guidance on How States Should Comply with AFFH
Provides interim guidance on how states should comply with the Affirmatively Furthering Fair Housing (AFFH) rule until HUD finalizes the state Assessment of Fair Housing (AFH) Tool.
IRS Rev. Proc. 2016-55 State LIHTC and PAB Caps
For calendar year 2017, the amount used under § 42(h)(3)(C)(ii) to calculate the State housing credit ceiling for the low-income housing credit is the greater of (1) $2.35 multiplied by the State population, or (2) $2,710,000.
USDA Rural Development Unnumbered Letter on Management of Unused Rental Assistance
An “Unnumbered Letter” allowing state RD offices to reallocate unused rental assistance (RA) within their states without approval from the national office, reversing a policy in place since 2013 requiring state offices to return unused RA to the national office to be recaptured.
IRS Published Final Regulations on Housing Credit Utility Allowance
The Internal Revenue Service (IRS) published in the Federal Register combined final regulations amending the Housing Credit utility allowance rules to provide greater clarity for Housing Credit properties that submeter to account for actual tenant energy consumption, and temporary regulations for properties in which an owner acquires energy directly from renewable sources, rather than from a utility company.
IRS Notice 2016-77
Treasury and IRS issue Notice 2016-77 regarding the Low Income Housing Tax Credit (Housing Credit) and Qualified Census Tract (QCT).
IRS Published Revenue Procedure 2016-15
The Internal Revenue Service (IRS) issued regulations amending the Low Income Housing Tax Credit (Housing Credit) compliance monitoring requirements to revise and clarify physical inspection and certification review rules. In conjunction with the new regulations, IRS published Revenue Procedure 2016-15, which further explains the implementation of the new regulations.
