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...
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...
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...
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).
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.
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...
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...
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...
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 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...
Since Senators-elect Reverend Raphael Warnock and Jon Ossoff won the Jan. 5 Georgia run-off elections, the Senate will be evenly divided between 50 Republicans and 50 Democrats. Vice President-elect Kamala Harris will decide the outcome of any tied votes through her role as President of the...
Freddie Mac recently published a paper exploring the multifamily housing market in rural Persistent Poverty Counties with a special focus on the primary means by which the federal government supports the development of affordable housing nationwide -- the Low-Income Housing Tax Credit program....
