Federal Reserve Board Seeks Public Comment on CRA Reform

Federal Reserve Board Seeks Public Comment on CRA Reform

The Federal Reserve Board on Monday, Sept 21, 2020 issued an Advance Notice of Proposed Rulemaking (ANPR) that invites public comment on an approach to modernize the regulations that implement the Community Reinvestment Act (CRA) by strengthening, clarifying, and tailoring them to reflect the current banking landscape and better meet the core purpose of the CRA.

TDHCA Compliance Division hosts virtual roundtable on Utility Allowances

TDHCA announces six-month extension to the placed-in-service deadline for 2018 9% housing tax credit developments

The Texas Department of Housing and Community Affairs (TDHCA) seeks to notify owners and agents of all 2018 9% housing tax credit developments that, under the authority provided by Revenue Procedure 2014-49 and due to the major disaster declaration resulting from the COVID-19 pandemic, the deadline to place in service each building has been extended by six months, going from December 31, 2020, to June 30, 2021.