HUD issues a Family Self-Sufficiency accounting brief and provides vouchers for people with disabilities and foster youth; the US Senate Committee on Finance discusses LIHTC; and Rhode Island dedicates a substantial percentage of ARPA funds to affordable housing and homeless assistance.
PIH-REAC Issues Accounting Brief on FSS Program Financial Reporting
The PIH Real Estate Assessment Center has issued Accounting Brief #26, which provides information on properly reporting Family Self-Sufficiency program transactions in your PHA’s Financial Assessment Subsystem submission, including FSS Program Coordinator Grant Reporting; FSS Program Coordinator Grant Expense reporting; and FSS escrow activity reporting, including new reporting requirements and eligible uses of FSS escrow forfeitures, but not including the calculation of the FSS escrow. Read brief
Recap of Senate Finance Committee Hearing on the Role of Tax Incentives in Affordable Housing
NLIHC recaps a recent hearing held by the US Senate Committee on Finance, “The Role of Tax Incentives in Affordable Housing.” Senators discussed the impact of LIHTC, the affordable housing shortage, funding from ARPA, and the proposed “Eviction Crisis Act." Read article