Online Alerts

Online Alerts

2.3M Households Enroll in Emergency Broadband Benefit Program

June 16, 2021    

The Federal Communication Commission (FCC) recently announced that 2.3 million households have enrolled in the Emergency Broadband Benefit (EBB) program in its first three weeks. The EBB program provides a discount on both broadband service and needed equipment, such as a modem. Lawmakers...

FCC Launches Emergency Broadband Benefit Program

May 12, 2021    

A new Federal Communications Commission (FCC) program has launched to help low-income households receive discounts on their broadband service. Lawmakers authorized the Emergency Broadband Benefit (EBB) in December as part of a $2 trillion coronavirus aid package. Now, with more than 875 Internet...

Treasury, IRS Seek Input on 2021–22 Priority Guidance Plan

April 28, 2021    

The Treasury Department and Internal Revenue Service (IRS) recently issued Notice 2021-28. This is their annual public notice seeking recommendations for the next Priority Guidance Plan. The Priority Guidance Plan identifies guidance...

Treasury Report Hints at Increase in LIHTC Resources

April 14, 2021    

The Treasury Department recently published "The Made in America Tax Plan Report," which further describes President Biden’s tax plan that was included in the recently announced American Jobs...

IRS Issues Population Figures Used to Calculate 2021 LIHTCs

March 24, 2021    

On March 15, the IRS issued Notice 2021-19 providing the resident population figures needed to determine the 2021 population-based component of the Low-Income Housing Tax Credit ceiling. Nationally, the population-based LIHTC...

White House Appoints Housing and Urban Policy Advisor

March 10, 2021    

The White House formally announced the appointment of Erika Poethig as Special Assistant to the President for Housing and Urban Policy at the White House’s Domestic Policy Council (DPC).

How to Attend Public Hearing on Average Income Test Proposed Rule

February 24, 2021    

The IRS recently posted a notice of public hearing in the Federal Register. On March 24, the IRS will hold a public hearing on the proposed regulations setting forth guidance on the implementation of the average income test.

NEF Announces $1B in 2020 Affordable Housing Investments

February 24, 2021    

National Equity Fund, Inc. (NEF) recently announced that it made more affordable housing investments in 2020 than at any time in its 33-year history. National Equity Fund, Inc., based in Chicago, is a nonprofit affordable housing investor and one of the nation's largest syndicators of...

CDC: No Resubmission of Declaration Needed for Eviction Moratorium

February 10, 2021    

On Jan. 29, 2021, the Centers for Disease Control and Prevention (CDC) officially issued an order extending the eviction moratorium to March 31, 2021. The order continues to ban evictions for certain renters under Section 361 of the Public Health Service Act (42 U.S.C. §264) and 42 CFR...

Treasury Releases List of Emergency Rental Assistance Grantees

February 10, 2021    

The Department of the Treasury recently released a list of state and local governments that will receive grants through the Emergency Rental Assistance (ERA) program. The Treasury Department had launched the ERA program, making available $25 billion to assist households that are unable to pay...

President Biden Issues Fair Housing, Disparate Impact Memos

January 27, 2021    

On Jan. 26, President Biden signed several new executive orders addressing racial equity, including a memorandum that directs HUD to mitigate racial bias in housing and advance fair housing laws. Biden said in a press conference, “We need to make equity and justice part of what we do every...

Freddie Mac Reaches $1.5B in LIHTC Equity Investments

January 27, 2021    

Freddie Mac recently announced it has provided $1.5 billion in LIHTC equity investments since reentering the market in 2018. In addition to reaching a volume milestone, the program has topped the 100 investments mark. The investments in low-income housing span underserved communities in 25...