The Treasury Department hosted a webinar on recently released State and Local Fiscal Recovery Funds (SLFRF) guidance for affordable housing production and preservation. During the session, Treasury provided an overview of guidance, which increases flexibility to use SLFRF to fully finance long-term affordable housing loans and expands presumptively eligible affordable housing uses to further maximize the availability of SLFRF funds for affordable housing.
To watch the full webinar, click here.
Prior to the webinar, Treasury released the updated Compliance and Reporting Guidance for the SLFRF Program. The guidance provides additional detail and clarification for each recipient’s compliance and reporting responsibilities, and should be read in concert with the Award Terms and Conditions, the authorizing statute, the final rule, and other regulatory and statutory requirements.
An overview of the SLFRF Final Rule is available here and the Frequently Asked Questions (FAQs) document is available here.
Members can find more information at https://treasury.gov/SLFRP.