President-elect Joe Biden has named Janet Yellen as his nominee for Secretary of the Treasury. Yellen was the chairwoman of the Federal Reserve from 2014 to 2018, and she would be the 78th Treasury Secretary and first woman to hold the position if confirmed by the U.S. Senate. The Treasury...
The Innovation for Justice (i4J) Program at the University of Arizona and the National Low Income Housing Coalition (NLIHC) recently released a research report entitled, “Costs of Covid-19 Evictions.” It highlights some of the public costs of eviction-related homelessness that the...
The share of voucher holders covered by voucher protection laws is growing, according to a recent report from The Urban Institute and the Poverty & Race Research Action Council (PRRAC). Their dataset and accompanying report entitled,...
The Internal Revenue Service has announced an increase in the private-activity bond volume cap while the low-income housing tax credit (LIHTC) multiplier will remain the same in 2021. The multiplier is $2.8125, which is multiplied by a state’s population to determine the volume of 9...
Despite the important focus on COVID-19, lead safety in the home remains a high priority for all Americans. HUD has joined the U.S. Environmental Protection Agency, the Centers for Disease Control and Prevention, and additional partners, in highlighting this issue during National Lead Poisoning...
The National Fair Housing Alliance (NFHA), the NAACP Legal Defense and Educational Fund, Inc. (LDF), Fair Housing Advocates of Northern California, and BLDS, LLC filed a federal lawsuit to challenge HUD’s recent revisions to the final disparate impact rule that shifted the burden of proof...
The Internal Revenue Service (IRS) recently published Revenue Procedure 2020-42 announcing $3,105,001 of unused LIHTCs allocated from the national pool to 33 qualified states for calendar year 2020. The national pool in 2020...
The Social Security Administration recently announced the Cost-of-Living Adjustment (COLA) for 2021. Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 1.3 percent in January 2021. Increased payments to more than 8 million SSI...
Even residents who don’t file tax returns can still receive their economic impact payments. As a result of the hardships presented by the coronavirus, economic impact payments are still being issued by the Internal Revenue Service (IRS). While most people have received their payment...
The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, recently released guidance answering frequently asked questions (FAQs) regarding the forgiveness of Paycheck Protection Program...
On Aug. 8, President Trump issued an executive order to address COVID-19-related challenges for renters. The order directs a number of federal agencies, including the Treasury Department and HUD, to consider actions to prevent eviction and foreclosure. It requires the secretaries of Treasury and...