In the News

HUD Seeks Comment on Possible Amendments to Disparate Impact Rule

July 11, 2018    

HUD recently released an advance notice of proposed rulemaking in the Federal Register. It seeks public comment on possible amendments to HUD’s 2013 final rule implementing the Fair Housing Act’s disparate impact standard. The amendments would help ensure the rule is consistent with...

Study Looks at Cost of Unstable Housing to Health System

July 11, 2018    

Unstable housing will cost the United States $111 billion in avoidable healthcare costs and education expenditures over the next 10 years, according to research from Children’s Healthwatch, one of the nation’s leading networks of pediatricians, public health researchers, and children...

Cost of LIHTC Small Compared to Other Federal Tax Expenditures

June 28, 2018    

The Joint Committee on Taxation (JCT) recently released its annual report on federal tax expenditures, listing over 150 tax provisions that are expected to reduce federal revenue over the coming years. As in years past, the report shows the comparatively low cost of the low-income housing tax...

Report Shows Challenging Housing Market for Low- and Moderate-Income Residents

June 28, 2018    

Harvard’s Joint Center for Housing Studies recently released its State of the Nation’s Housing Report. The report paints a grim picture centered around high rents, low wages, and booming wealth inequality. While the U.S. housing market has shown some improvements, such as the...

State Supreme Court Rules in Favor of Nonprofit in LIHTC Right of First Refusal

June 28, 2018    

The Massachusetts Supreme Judicial Court recently upheld a lower court’s ruling supporting a nonprofit developer’s right of first refusal to purchase an LIHTC site once a third party makes an enforceable offer to purchase the site. In Homeowner’s Rehab Inc. v. Related...

Study Examines LIHTC Site Performance

May 24, 2018    

LIHTC sites are operating better than in any other period during the program’s history, according to a recent study issued by CohnReznick, an accounting and advisory service firm. Entitled “Housing Tax Credit Investments: Investment and Operational Performance,” the study...

Report Finds Residents Generally Satisfied with LIHTC Housing

May 24, 2018    

A recent report from the Terner Center for Housing Innovation at UC Berkeley, “The Links Between Affordable Housing and Economic Mobility: The Experiences of Residents Living in Low-Income Housing Tax Credit Properties,” examined the experiences of tenants living in LIHTC housing....

NFHA Releases 2018 Fair Housing Trends Report

May 24, 2018    

The National Fair Housing Alliance, a national organization dedicated to ending discrimination in housing, recently released its 2018 fair housing trends report, Making Every Neighborhood a Place of Opportunity, which outlines key obstacles to achieving the goals of the Fair Housing Act. The...

Joint Economic Committee Holds Opportunity Zones Hearing

May 24, 2018    

The congressional Joint Economic Committee (JEC) recently held a hearing to consider the potential positive impacts that Opportunity Zones tax incentives, enacted in the Tax Cuts and Jobs Act of 2017, could have for low-income communities. The Opportunity Zone program is intended to spur...

IRS Revises 2018 Inflation Adjustments for LIHTCs, Bonds

April 27, 2018    

Revenue Procedure 2017-58, released in October 2017, provided the annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules and other tax amounts for 2018, as adjusted for inflation for 2018. But a few months later, Congress passed the new tax law with the...

HUD Issues 2018 Income Limits for HUD and Tax Credit Programs

April 27, 2018    

HUD recently announced the 2018 income limits for the MTSP housing programs effective April 1, 2018. This includes low-income housing tax credits and tax-exempt bond financing. HUD advises that the income limits are effective immediately for all HUD programs, whereas the IRS allows a transition...

Study Looks at Low-Income Housing’s Rooftop Solar Potential

April 27, 2018    

A recent study published by the National Renewable Energy Laboratory found that nearly half of all the residential rooftop solar potential in the United States is available atop low- to moderate-income households, representing a 320 gigawatt opportunity.

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