Emergency Rental Assistance Program Surpasses 2.5 Million Payments to Renters and Landlords in October

The Department of Treasury released a Press Release on November 29 with October Emergency Rental Assistance data. According to Treasury, assistance was provided to more than 521,000 renters and landlords, bringing the total number to more than 2.5 million payments and $2.8 billion in funds paid through ERA programs. Treasury said that the new data…

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IRS — Low Income Housing Tax Credit Revenue Ruling and Revenue Procedure

The IRS issued the following Revenue Ruling and Revenue Procedue regarding the Low Income Housing Tax Credit: Revenue Ruling 2021-20 provides guidance regarding whether the 4 percent applicable percentage (4 percent floor) under § 42(b)(3) of the Internal Revenue Code applies to the low-income buildings described in the revenue ruling.  This revenue ruling holds that…

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House Passes Build Back Better Act – CALL TO ACTION NEEDED IN SENATE

CARH’s Broadcast Email—Legislative Alert Background On November 19, the House of Representatives, by a vote of 220-213, passed the Build Back Better (BBB) Act (H.R. 5376). This vote occurred after several months of negotiations between centrist and progressive Democrats in the House and the White House. Although the bill passed the House, there remain several…

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ACTION Alert: House Passes Build Back Better Act; Bill Includes Historic Housing Credit Investment

The following ACTION Alert was sent by The ACTION Campaign, which CARH is a steering committee member: This morning, the House passed the Build Back Better Act, H.R. 5376, by a vote of 220-to-213. The legislation includes the largest expansion of the Housing Credit program since its inception in 1986 and would finance an estimated 811,900 affordable…

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Joaquin Altoro Named Administrator for USDA’s Rural Housing Service

CARH’S BROADCAST E-MAIL – Regulatory Alert On November 8, USDA announced the appointment of Joaquin Altoro as the Administrator of the Rural Housing Service (RHS). According to USDA, for nearly three decades, Mr. Altoro has been dedicated to understanding the heart and passion of minority communities and applying his experience and wisdom to provide financing…

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USDA Partners to Create Livable Communities That Will Attract People and Jobs to Rural Areas and Tribal Nations

Funds Will Support Placemaking and Planning Assistance to Help the People of Rural America Build Back Better U.S. Department of Agriculture (USDA) Under Secretary for Rural Development Xochitl Torres Small today announced that USDA is awarding $3 million in cooperative agreements to 13 organizations. These organizations will provide technical assistance to people living in rural and…

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ACTION Alert: Housing Credit Provisions Included in Amended Build Back Better Text Released Today

The ACTION Campaign, which CARH is a steering committee member, sent out the following alert: November 03, 2021 Today, the House Rules Committee released amended text for the Build Back Better Act, which includes Housing Credit provisions omitted from the initial pared-back framework released last week. Thanks to the persistent advocacy of ACTION’s members, supporters,…

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HUD: New COVID-19 Supplemental Payments Request Form Now Available; Requests Due Nov. 19

HUD Office of Housing sent the following information: The final version of the HUD 52671-E CSP Request  form to be used in owner submissions is now posted. Please see the new “Tips and Explanations” document for how to complete the form. The COVID-19 Supplemental Payments Housing Notice makes more than $180 million in supplemental operating…

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