Omnibus Spending Bill Signed Into Law

On March 23, 2018, President Trump signed a $1.3 trillion FY 2018 omnibus spending bill to keep the government opened through September 30, 2018. This law includes…

  • 12.5% allocation increase for the next 4 years for 9% Housing Credit deals,
  • An Income averaging option for Housing Credit properties,
  • A $4.7 billion annual budget increase for HUD, and
  • An extension through 2024 with an increase of the cap to 455,00 units for HUD’s RAD Program.

I will examine each of these provisions in more detail in the next issue of my newsletter, The Compliance Monitor.

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