• October 26, 2016

    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.

    For calendar year 2017, the amounts used under § 146(d) to calculate the State ceiling for the volume cap for private activity bonds is the greater of (1) $100 multiplied by the State population, or (2) $305,315,000.

  • May 24, 2016

    The USDA Rural Development (RD) office on May 24 published 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.

  • March 24, 2016

    U.S. Senator Maria Cantwell (D-WA), joined by Seattle Mayor Ed Murray, Tacoma Mayor Marilyn Strickland, Everett Mayor Ray Stephanson and the A.C.T.I.O.N. campaign – a coalition of more than 1,300 national, state, and local affordable housing advocates – will urge Congress to expand the Low-Income Housing Tax Credit (LIHTC). On Thursday, Cantwell, along with local leaders and housing advocates will kick off a national campaign to increase federal resources for affordable housing. Senator Cantwell will call for a 50 percent expansion of the LIHTC, reforms to better target the lowest income populations and unveil her report, “The Housing Tax Credit: Addressing the Challenges of Affordable Housing & Homelessness.”

  • December 09, 2015

    The Department of Housing and Urban Development is currently considering a proposal to permit Performance-Based Contract Administrators to resume conducting Management and Occupancy Reviews on a nation-wide basis.

  • May 12, 2015

    On May 6, 2015, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Agriculture (USDA) issued a Notice of Final Determination that establishes minimum energy standards that newly-constructed housing units must meet to be eligible for insurance through various HUD and USDA programs. The attched provides background information on the Notice.

  • April 09, 2015

    HUD's PreservationTechnical Guidance Flyer for Section 202 Direct Loan and Section 236 Mortgage Property Owners (Updated April 2015)

  • April 01, 2015

    On March 25, the U.S. Solicitor General submitted this brief in reply to the Respondents’ brief opposing Supreme Court review of last year’s Court of Appeals decision against HUD using a Notice of Funding Availability (NOFA) for the Performance-Based Contract Administration (PBCA) program.

  • March 17, 2015

    Yesterday, IRS issued a notice requesting public comments on recommendations for items that IRS should consider including in its 2015-2016 Priority Guidance Plan.

  • March 16, 2015

    This revenue procedure provides guidance on the United States and area median gross income figures that are to be used by issuers of qualified mortgage bonds and by issuers of qualifying mortgage bonds and mortgage credit certificates (MCCs) when determining "high housing cost areas."