The Department of Housing and Urban Development (HUD) hosted a webinar in July 2021 that encourages HUD staff and stakeholders to learn about the important changes to the Child Tax Credit that will help many families get advance payments starting this summer. The IRS will pay half the total credit amount in advance monthly payments beginning July 15. Residents will claim the other half when they file their 2021 income tax return. These funds are critical for our families in meeting their immediate needs which may include, preventing eviction, increasing savings, paying for childcare or transportation. These changes apply to tax year 2021 only.