Emergency Rental Assistance Program Webinar & Slides Now Available

HUD’s Office of Multifamily Housing sent out the following information regarding the September 23 webinar regarding the Emergency Rental Assistance Program: The recording of the September 23, 2021, HUD and Treasury Emergency Rental Assistance webinar is now available. View it on YouTube and access the presentation slides here. Treasury’s Emergency Rental Assistance (ERA) program makes funding available to assist households…

Reconciliation Legislation Advances from House Financial Services Committee and Ways and Means Committee—Historic Funding Proposed for Affordable Housing

CARH’s Broadcast Email—Legislative Alert Issue As reported in CARH’s August 26, 2021, Broadcast Email, both the House and Senate passed a budget resolution which would authorize $3.5 trillion in spending and taxes during Fiscal Year (FY) 2022 and in many instances, for several additional years. The budget resolution passed by both the House and Senate…

Statutorily Mandated Designation of Difficult Development Areas and Qualified Census Tracts for 2022

BROADCAST EMAIL – Regulatory Update To today’s Federal Register, HUD published a Notice entitled, “Statutorily Mandated Designation of Difficult Development Areas and Qualified Census Tracts for 2022” for purposes of the low-income housing tax credit (LIHTC). LIHTC developments in DDAs or QCTs are eligible for as much as 30 percent more LIHTC subsidy. The designations…

Biden-⁠Harris Administration Announces Immediate Steps to Increase Affordable Housing Supply

On September 1, The White House issued the Fact Sheet: Biden-⁠Harris Administration Announces Immediate Steps to Increase Affordable Housing Supply. Below are other agency statements on this cross-agency effort. HUD Announces Cross-Agency Efforts to Increase Affordable Housing Supply FHFA Acting Director Sandra L. Thompson’s Statement on Executive Branch Housing Supply Initiative