Treasury and the IRS have released new guidance explaining how states will nominate census tracts for designation as Qualified Opportunity Zones under the One, Big, Beautiful Bill. The law makes the Opportunity Zone incentive permanent, with the next round of...
In alignment with the OBB, FHFA has doubled the annual Housing Credit investment cap to $2 billion each for Fannie Mae and Freddie Mac, for a total of $4 billion. Half is reserved for difficult-to-serve markets, with at least 20% of that portion dedicated to rural...
On Friday, July 4th, President Trump signed the “One Big Beautiful Bill Act” (H.R. 1)—a sweeping budget reconciliation package that includes the most substantial expansion of federal affordable housing resources in 25 years. The bill passed narrowly 217–214, with...
On October 30, FHFA released its 2023 Annual Housing Report outlining Fannie Mae and Freddie Mac’s affordable housing activities in 2022
The Federal Housing Finance Agency (FHFA) issued a final rule for Fannie Mae and Freddie Mac (the Enterprises) that establishes the benchmark levels for each of the single-family housing goals and subgoals for 2022 through 2024 and establishes the benchmark...
The City of Austin’s Community Acquisition Program, a part of Project Connect’s Anti-Displacement initiatives, provides zero-percent interest forgivable and non-forgivable loans to eligible non-profit organizations for the acquisition of property that increases the supply of affordable housing.
On December 1, the Internal Revenue Service (IRS) issued Revenue Ruling 2021-20 and Revenue Procedure 2021-43 providing guidance to address ambiguities related to the application of the Housing Credit 4 percent minimum rate for bond-financed buildings.
From NAHBNow President Trump is seeking to reduce the 2020 budget for the department of Housing and Urban Development (HUD). The budget cycle begins October 1, 2019 and runs through September 30, 2020. While no White House budget is ever approved "as is" by...
From PR Newswire Churchill Stateside Group, LLC (CSG), a real estate and renewable energy financial services company, today announced a new HUD streamlined process for FHA Section 221(d)(4) loans associated with new tax credit transactions. These changes will...
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