News & Analysis as of

Community Development Department of Housing and Urban Development

Lowndes

Orange County's AMI Jumps to $90,400 in 2024: What It Means for Affordable Housing

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The Department of Housing and Urban Development (HUD) recently announced the 2024 Area Median Income (AMI) and Rent Limits for counties statewide. These numbers are impactful on a number of levels, but are extremely important...more

Ballard Spahr LLP

Significant Increases to 2023 Operating Cost Adjustment Factors

Ballard Spahr LLP on

Summary - The U.S. Department of Housing and Urban Development (HUD) has released a Federal Register notice that provides updated operating cost adjustment factors (OCAFs) for 2023. OCAFs are used to adjust the rent to...more

Ballard Spahr LLP

House Passes FY2022 Omnibus Spending Bill; Next Up the Senate

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Summary - The U.S. House of Representatives passed an omnibus spending package on March 9, 2022, that contains all 12 fiscal year 2022 appropriations bills. Also included is supplemental funding to support Ukraine and...more

Cozen O'Connor

Broad Street Brief: Councilmembers Quiñones-Sánchez and Gauthier Look to Reform Affordable Housing Requirements. Councilmember...

Cozen O'Connor on

CITY HALL - Councilmembers Quiñones-Sánchez and Gauthier Look to Reform Affordable Housing Requirements - New legislation proposed by Councilmembers Maria Quiñones-Sánchez and Jamie Gauthier is taking aim at how the city...more

Nutter McClennen & Fish LLP

Gimme Shelter: An Overview on Low-Income Housing Tax Credits for Developers, Investors, and Lenders

"There are a few ways to obtain low-income housing tax credits. Each program has stress points in making it work, so there isn’t always a clear choice. Timing is often a decisive factor."...more

Orrick - Finance 20/20

White House and HUD Publish Opportunity Zone Implementation Plan

On April 17, the White House Opportunity and Revitalization Council (Council) published its Implementation Plan, a detailed work plan for how the Council – chaired by U.S. Department of Housing and Urban Development (HUD)...more

Ballard Spahr LLP

HUD OIG Update

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The Office of the Inspector General (OIG) for the Department of Housing and Urban Development (HUD) recently issued its Semiannual Report to Congress for the period from April through September 2018....more

Sheppard Mullin Richter & Hampton LLP

California Housing Legislation (2017-2018)

State lawmakers passed over 1,200 bills this year, the most in more than a decade according to sources. Governor Brown signed 1,016 into law as of September 30th. Below is a summary of the bills signed into law regulating the...more

Locke Lord LLP

Texas General Land Office Releases Hurricane Harvey State Action Plan

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On April 10, the Texas General Land Office (“GLO”) released a draft of the State of Texas Plan for Disaster Recovery: Hurricane Harvey – Round 1 (the “State Action Plan”). The State Action Plan outlines the GLO’s proposed use...more

Ballard Spahr LLP

Trump Administration Releases FY 2019 Budget Proposing 18.3% Reduction in HUD Funding

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This week, the Trump administration released its proposed budget for the 2019 fiscal year. Overall, the budget proposes an $8.8 billion (18.3%) reduction in the HUD budget from the 2017 enacted level, a more drastic cut than...more

Ballard Spahr LLP

The OIG issues dozens of new audit reports

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Just in time for the end of the federal fiscal year (September 30), the HUD Office of Inspector General (OIG) issued a flurry of internal and external audit reports over the last few weeks on a wide variety of topics....more

Best Best & Krieger LLP

HUD Issues New Broadband Mandates

As most prepared for the holiday season, the U.S. Department of Housing and Urban Development converted two broadband mandate proposals into orders and published them in the Federal Register. “Narrowing the Digital Divide...more

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