Representative Ed Case (D-HI) introduced the Protecting Local Authority and Neighborhoods Act (H.R. 4232), which would hold tech platforms like Airbnb and HomeAway responsible for illegal short-term rentals. Section 230 of the Communications Decency Act (CDA) prevents tech companies from being held legally responsible for most content posted by third parties. State and local governments have passed legislation banning short-term rentals that can deplete the stock of affordable housing, but tech rental platforms are using Section 230 of the CDA to sue or delay the laws from being implemented. A 2018 amendment to Section 230, Allow States and Victims to Fight Online Sex Trafficking Act (H.R. 1865), allows enforcement against online providers that knowingly facilitate sex trafficking. American Family Voices is circulating a sign-on letter in support of Rep. Case’s legislation. Email Mike Lux to join the letter.
The White House announced new appointments by President Biden to the Community Development Advisory Board (the Advisory Board), a 15-person federal advisory committee to the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund).
HOME Investment Partnerships Program (HOME) grants are subject to the grant closeout requirements at 2 CFR 200.344, which require all grants to be closed out within one year of the end of the grant’s period of performance.
Novogradac announced it is providing an additional benefit for LIHTC stakeholders. In addition to Novogradac’s LIHTC equity pricing page, which provides a nationwide average of equity price per credit, a new page, available upon request, offers data for regions and some states.
The U.S. Department of Housing and Urban Development published a notice in the Federal Register establishing 2025 difficult development areas (DDAs) and qualified census tracts (QCTs) for LIHTCs.
