In the News

In the News

FHFA Releases Summary of Tenant Protection Comments

January 31, 2024    

The Federal Housing Finance Agency (FHFA) recently released a summary of responses it received after issuing a Request for Input (RFI) on how the agency could create and enforce renter protections for households living in rental properties with federally backed mortgages, namely through Fannie...

JCHS Report Shows Record Levels of Renters Are Cost Burdened

January 31, 2024    

A record-high 22.4M renters spent more than 30% of their income on rent and utilities.

 

GAO Recommends Designating Agency to Improve LIHTC Administrative and Cost Oversight

December 21, 2023    

The IRS doesn’t have the resources to collect detailed LIHTC cost information.

 

 

The U.S. Government Accountability Office (GAO) recently issued a brief report entitled, “Low-Income Housing Tax Credit: Opportunities to Improve Oversight.” The...

Proposed Rule Would Remove Criminal Conviction Restrictions for Fair Housing Testers

November 29, 2023    

To investigate whether screening policies are discriminatory, HUD wants agencies to use testers with actual criminal backgrounds.

 

 

HUD Exercises New VAWA Enforcement Authority Against Two Housing Providers

October 30, 2023    

HUD recently announced settlements with housing providers in Nevada and California, resolving allegations that they denied housing opportunities to two women because they experienced dating violence and stalking.

Local Government Leaders Urge Congress to Expand LIHTC

September 29, 2023    

A group of mayors, county executives, and county board chairs representing communities across the country recently signed onto a letter urging Congress to enact the Affordable Housing Credit Improvement Act (AHCIA) of 2023, S. 1557 and H.R. 3238, which would strengthen and expand the Low-Income...

HUD Publishes 2024 Qualified Census Tract and Difficult Development Area Designations

September 29, 2023    

In the Sept. 21 issue of the Federal Register, HUD published its annual notice designating the 2024 Qualified Census Tracts (QCTs) and Difficult Development Areas (DDAs) for the LIHTC program. HUD is required to designate these areas under Internal Revenue Code Section 42. Both QCTs and DDAs are...

IRS Issues Final Rules on Bonus Tax Credits for Affordable Housing Sites

August 31, 2023    

The DOE will begin accepting applications for the Bonus Credit Program in early fall 2023.

 

 

Report Grades State QAPs on Energy Efficiency, Racial Equity, Healthy Building Practices

July 28, 2023    

The BlueGreen Alliance Foundation recently released a report that ranked all states based on their criteria for allocating LIHTCs through Qualified Allocation Plans (QAPs). The report scored each state based on how the states’ QAPs promoted healthy building practices, energy efficiency,...

Latest “State of the Nation’s Housing” Report Is Released

June 28, 2023    

The Joint Center for Housing Studies of Harvard University recently released its annual report, State of the Nation’s Housing 2023. The report combines analyses of data from the U.S. Census Bureau, HUD, Freddie Mac, the National Association of Realtors, RealPage, and other sources to...

Reintroduced AHCIA Bill Seeks to Expand and Improve LIHTC Program

May 25, 2023    

On May 11, bipartisan groups of senators and representatives introduced the Affordable Housing Credit Improvement Act (AHCIA) of 2023 in the Senate and House. The AHCIA was first introduced in Congress in 2016, and has had increasing bipartisan support since then. Although it hasn’t passed...

Treasury Highlights Use of ARP Funds to Increase Affordable Housing Supply

April 27, 2023    

HUD and the Treasury Department recently highlighted the Biden administration’s efforts to increase access to safe, quality housing by encourage the use of American Rescue Plan (ARP) funds for affordable housing production and preservation. The State and Local Fiscal Recovery Funds (SLFRF...