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| 265th Edition: 1/20/2020-1/24/2020 |
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HUD Updates Mainstream Voucher Program Policies and Procedures
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On January 22, HUD provided guidance for PHAs administering Mainstream Vouchers in PIH 2020-01. HUD's notice delineates tracking and monitoring guidelines, applicant waitlist requirements, and eligibility standards for program administrators.
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IRS Issues Section 1400Z-2 Eligibility for Qualified Opportunity Funds Investors
Final Rule January 13, 2020
85 FR 1866
The IRS sets the eligibility requirements under which taxpayers holding equity interests in a qualified opportunity fund may receive benefits under section 1400Z-2 of the IRC. The final regulations are effective March 13, 2020.
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FHFA Evaluates Property Assessed Clean Energy (PACE) Programs
Request for Input January 16, 2020
85 FR 2736
The Federal Housing Finance Agency seeks input on safety and soundness concerns relating to state energy retrofitting programs enabling "super-priority liens" over first priority mortgages, termed Property Assessed Clean Energy (PACE) programs. FHFA's primary focus is on input regarding residential PACE programs. Input is due by March 16, 2020.
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USDA Proposes Service Delivery Changes for Faith-Based Providers
30 Day Notice of Proposed Rule Making January 17, 2020
85 FR 2897
In accordance with Executive Order 13831, "Establishment of a White House Faith and Opportunity Initiative," the USDA proposes to remove existing regulatory requirements that faith-based service providers receiving federal funds provide an alternative provider. Among other changes, this proposed rule provides clarity about the rights and obligations of faith-based organizations participating in USDA programs, clarifies the USDA's guidance documents for financial assistance regarding faith-based organizations, and eliminates certain requirements for faith-based organizations that no longer reflect executive branch guidance. The proposed modifications would impact services relating to the USDA's rural affordable housing programs. Comments are due February 18, 2020.
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HUD Modernizes Acceptable Separation Distance (ASD) Standards for Residential Propane Tanks
Final Rule January 24, 2020
85 FR 4225
The final rule allows HUD-assisted projects to be near stationary above-ground propane storage tanks up to 1,000 gallons in size if they are compliant with standards set forth by the National Fire Protection Association.
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| For more information about the attorneys at Reno & Cavanaugh, please follow this link. |
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| Columbia, MD |
Washington, DC |
Nashville, TN |
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