In the News

In the News

Report: LIHTC Program Supports Nearly 40 Percent of Region’s Rental Housing

October 30, 2019    

Freddie Mac recently released a white paper highlighting the role that the LIHTC program serves in the rural Lower Mississippi Delta. The report shows that the LIHTC program supports a substantial percentage (39.2 percent) of multifamily rental housing in the region, more than three times the...

New Democrat Coalition Endorses AHCIA

October 30, 2019    

The New Democrat Coalition (NDC) is a Congressional Member Organization within the U.S. Congress made up of centrist Democrats who support an agenda that the organization describes as “moderate” and “pro-growth” and who support a balanced budget. Entering the 116th...

Indiana Tax Court Reverses Site’s Charitable Exemption Determination

October 30, 2019    

An Indiana Tax Court recently reversed an Indiana Board of Tax Review’s final determination that concluded a low-income apartment complex owner failed to prove it qualified for a charitable purposes exemption. In 2007, the owner purchased a HUD site for low-income renters in the county....

Congressman Recommends Strategies to Address Affordable Housing Crisis

September 25, 2019    

Congressman Earl Blumenauer (D-Ore.) recently released a housing report entitled, “Locked Out: Reversing Federal Housing Failures and Unlocking Opportunity.” It calls on the federal government to “reassert its partnership to become a constructive force for equity, accessibility...

More Legislators Indicate Support for Affordable Housing Credit Improvement Act

September 25, 2019    

During the August recess, the Affordable Housing Credit Improvement Act garnered more support and co-sponsorships from Congressional members. The Affordable Housing Credit Improvement Act of 2019 was reintroduced in June by U.S. Senators Maria Cantwell (D-Wash.), Johnny Isakson (R-Ga.), Ron...

FHFA Expands Multifamily Lending Caps for Fannie and Freddie

September 25, 2019    

The Federal Housing Finance Agency (FHFA) recently announced that it will increase caps on the amount of multifamily loans Fannie Mae and Freddie Mac can purchase next year while also closing some loopholes. The regulatory agency will now limit the two firms to purchasing $100 billion in...

Survey Highlights Barriers to Building Affordable Homes

August 29, 2019    

The Harvard Joint Center for Housing Studies recently published a report called “A Home Builder Perspective on Housing Affordability and Construction Innovation.” It found that both single-family and multifamily home builders identify labor and building-material costs and...

California Releases Proposed LIHTC Program Changes

August 29, 2019    

The California Tax Credit Allocation Committee recently released a memorandum that lists proposed changes for the state’s low-income housing tax credit program. For 2020, the $500 million in state credits will be available through the noncompetitive application process. The committee also...

National League of Cities Urges Action on Housing Affordability

July 24, 2019    

The National League of Cities (NLC) Housing Task Force recently published “Homeward Bound: The Road to Affordable Housing.” The report focuses on the challenges and solutions communities are using to address the nation's growing affordable housing crisis. The report offers...

HUD Secretary Carson Highlights SEC’s Efforts to Encourage OZ Investing

July 24, 2019    

The 2017 Tax Cuts and Jobs Act created Opportunity Zones (OZs) to stimulate long-term investments in low-income communities. As the initiative offers capital gains tax relief to those who invest in these distressed areas, the tax incentives are anticipated to spur $100 billion in private capital...

NCSHA Directory Shows OZ Target Investment Increase

July 24, 2019    

According to an analysis by the National Council of State Housing Agencies (NCSHA), the amount of capital targeted for investment in designated Opportunity Zones (OZs) has increased dramatically. NCSHA compiles a directory of OZ funding opportunities. This resource provides descriptions and...

JCHS Report Emphasizes Lack of Affordable Housing Production

July 24, 2019    

Harvard University’s Joint Center for Housing Studies (JCHS) recently released its annual report, “The State of the Nation’s Housing 2019.” The report examines the state of the housing market in 2018. It found that: