On July 27, the Treasury Department released new guidance to increase the flexibility of how governments can use State and Local Fiscal Recovery Funds (SLFRF) to expand affordable housing in their areas. The new guidance:  

1. “Increases flexibility to use SLFRF to fully finance long-term affordable housing loans” 

2. “Expands presumptively eligible affordable housing uses to further maximize the availability of SLFRF funds for affordable housing” 

Continue reading →