Affordable Housing News

USDA provides resources for Section 515 multifamily loans

On March 3, the U.S. Department of Agriculture (USDA) announced the availability of $70 million for Section 515 Rural Rental Housing subsequent loans in FY 2023. USDA issues subsequent loans to complete, improve, repair, or make modifications to multifamily housing...

Senator Wyden Reintroduces DASH Act to Tackle Housing Affordability Crisis

Senate Finance Committee Chair Ron Wyden, D-Ore, introduced the Decent, Affordable Safe Housing for All (DASH) Act. The DASH Act would expand the production of affordable housing for low-income and middle-income families, create a new down payment tax credit for first-time homebuyers, expand essential services to ensure permanent housing stability, house all children and families experiencing homelessness through Housing Choice Vouchers.

PolicyLink Releases AFFH Comment Guide, Hosts “Proposed AFFH Rule 101” Webinar

PolicyLink released a public comment guide for the proposed Affirmatively Furthering Fair Housing (AFFH) rule that was posted in the Federal Register on February 9. The comment guide provides a brief history of the AFFH mandate, an overview of the 2023 proposed AFFH rule and the federal rulemaking and public comment process, a step-by-step guide to help you or your organization to write and submit a strong, equity-focused comment, data sources to support it, and sample language for organizations across sectors to use in their public comment.

HUD

HUD: FY 2023 median family incomes and income limits to be delayed

The FY 2023 median family incomes and income limits would ordinarily be based on the ACS 2020 estimates. However, because of the lack of 1-year ACS 2020 estimates described above, HUD intends to instead base the FY 2023 median family incomes and income limits on ACS 2021 data. Since 2014, HUD has released median family incomes and income limits in March or April of each year. Because the special tabulations of ACS 2021 data HUD needs for median family income calculations will not be available until early 2023 , HUD intends to delay the release of FY 2023 median family incomes and income limits until on or about May 15, 2023. Should HUD revise this date, HUD will make a similar announcement on https://www.huduser.gov/portal/datasets/il.html.

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