In the News

NHPD Data Indicates Loss of Affordable Housing Units in the Next Five Years

September 28, 2017    

According to data recently released, the National Housing Preservation Database (NHPD) shows that 488,332 federally assisted apartments or rental homes will reach the end of their current subsidy contracts and affordability restrictions for low-income families in the next five years. Nearly one...

Report Finds Strong Operating Performance Among LIHTC Sites

September 28, 2017    

According to a new report from public accounting firm CohnReznick, LIHTC sites are operating better than in any period in the program’s 31-year history. For its report, the firm requested the participation of every active housing tax credit syndicator and some of the nation’s largest...

ACTION Campaign Updates LIHTC Impact Fact Sheets

September 28, 2017    

The A Call To Invest In Our Neighborhoods (ACTION) campaign recently released updated fact sheets on the impact of the LIHTC program in each state through 2015, the latest data available. The ACTION Campaign is a coalition of over 2,000 national, state, and local organizations and businesses...

Republicans Outline Tax Reform Plan, Keep LIHTCs

September 28, 2017    

The Trump administration and GOP congressional leaders recently proposed the “Unified Tax Reform Framework,” their plan for the most sweeping overhaul of the federal tax code in more than three decades. The proposal calls for reducing the corporate tax rate to 20 percent from 35...

HUD Report Says Worst Case Housing Needs Increase

August 30, 2017    

HUD recently released its biannual Worst Case Housing Needs Report to Congress. It finds that the number of very poor unsubsidized families struggling to pay their monthly rent and who may also be living in substandard housing increased between 2013 and 2015. HUD reports that in 2015, 8.3...

GAO Director Testifies and Updates Status of LIHTC Report Recommendations

August 30, 2017    

The Senate Finance Committee recently held a hearing on “America’s Affordable Housing Crisis: Challenges and Solutions.” The hearing demonstrated bipartisan support for affordable housing. It emphasized the importance of the LIHTC as an affordable rental housing tool, and S....

Federal District Court Rules Disparate Impact Lawsuit Against Insurer May Proceed

August 30, 2017    

The United States District Court for the District of Columbia recently issued an opinion finding that the National Fair Housing Alliance (NFHA) has standing to bring a discrimination claim against Travelers Indemnity Corporation and Travelers Casualty Insurance Company of America (Travelers). In...

Separate Op-Eds Emphasize LIHTC Benefits, Urge Support for Affordable Housing Legislation

August 30, 2017    

In an op-ed recently published by The Philadelphia Inquirer, Phyllis Chamberlain, the executive director of the Housing Alliance of Pennsylvania, wrote about the impact of the LIHTC program nationally and in Pennsylvania. According to Chamberlain, each year, the Pennsylvania Housing...

Assistant Secretary for Tax Policy Nominee Discusses LIHTC Program During Confirmation Hearing

July 31, 2017    

On July 18, the Senate Finance Committee held a hearing to consider the nomination of David J. Kautter as Assistant Secretary for Tax Policy of the Treasury Department. Senator Maria Cantwell (D-WA), who introduced The Affordable Housing Credit Improvement Act to expand and strengthen the LIHTC...

Research Finds More U.S. Households Are Renting than at Any Point in 50 Years

July 31, 2017    

According to a Pew Research Center analysis of Census Bureau housing data, more households are headed by renters than at any point since at least 1965. The total number of households in the United States grew by 7.6 million between 2006 and 2016. But over the same period, the number of...

Guam Attorney General Charges Housing Officials with LIHTC Conspiracy

July 31, 2017    

The Chief Prosecutor of the Attorney General’s office in Guam recently filed charges of official misconduct and conspiracy against former board members and the current executive director of Guam Housing and Urban Renewal Authority (GHURA). The charges stem from federal investigations into...

New Maps Help Professionals Locate Low-Income Housing Development Opportunities

July 31, 2017    

The National Association of Home Builders (NAHB) recently introduced new maps for industry professionals interested in providing homes for lower-income families and learning more about development and financing opportunities using the LIHTC.

NAHB’s Economics and Housing Policy group...

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