In the News

In the News

Senator Wyden Reintroduces DASH Act to Expand LIHTC

March 31, 2023    

Senate Finance Committee Chairman Ron Wyden recently reintroduced the Decent Affordable, Safe Housing for All (DASH) Act, which implements sweeping reforms to affordable housing financing in an effort to combat homelessness and expand affordable housing access.

IRS Publishes Population Figures Used to Calculate 2023 LIHTCs

March 31, 2023    

The IRS recently published Notice 2023-22 with the population figures used to calculate the calendar year 2023 LIHTC and private activity bond limits for all 50 states; Washington D.C.; and U.S. territories. According to the data, the population figures increased 0.4 percent from 2022 to 2023....

White House Announces Actions to Protect Renters and Promote Affordability

January 31, 2023    

The White House recently announced new actions to increase fairness in the rental market and further principles of fair housing. Notable actions announced include: 

Bill Would Expand LIHTC Housing Options for Formerly Homeless Students

January 2, 2023    

In November, U.S. Senators Angus King (I-Maine), Sherrod Brown (D-Ohio), and Rob Portman (R-Ohio) and Rep. Brad Wenstrup (R-Ohio) and Rep. Danny Davis (D-Ill.) from the House introduced “The Housing for Homeless Students Act of 2022” to help homeless students, veterans, and foster...

IRS Distributes Unused 2022 LIHTC Allocation

October 31, 2022    

The IRS recently published the amounts of unused low-income housing tax credit carryovers for calendar year 2022. The carryover allocation is made up of LIHTCs that are not allocated by states but are added to a national pool and redistributed to qualified states that apply for the additional...

NCSHA Reports Scramble to Fill Funding Gaps for LIHTC Developments

September 30, 2022    

A recent report released by the National Council of State Housing Agencies (NCSHA) highlights the actions state housing finance agencies are going through in this period of increased labor, materials, and financing costs to ensure pending LIHTC projects can proceed as planned. The report is...

How Inflation Reduction Act Targets Energy Efficiency in Affordable Housing

August 30, 2022    

On Aug. 16, President Biden signed into law the new Inflation Reduction Act (IRA), which includes significant investments to address climate change in affordable housing. The law provides billions of dollars in funding through direct spending and tax credits that can be used to preserve...

White House Hosts Summit on Eviction Prevention

August 30, 2022    

In early August, the White House hosted a virtual summit on “Building Lasting Eviction Prevention Reform.” As funds for Emergency Rental Assistance (ERA) are beginning to wind down, the meeting focused on the need for an all-out effort to build lasting eviction prevention reform.

Report: State Finance Agencies Address Climate Resiliency

July 28, 2022    

More than half of all states have measures aimed at protecting LIHTC sites from natural disasters, according to a new report from Freddie Mac. The research is part of Freddie Mac’s Duty to Serve plan, a regulatory mandate from the federal Housing Finance Agency to provide leadership and...

Treasury to Allow COVID Funds for State, Local Affordable Housing Loans

July 28, 2022    

The U.S. Department of Treasury recently announced that it will allow state, local, and tribal governments more flexibility to use COVID-19 rescue funds to boost the supply of affordable housing, including permission to issue direct long-term project loans. The issued guidance permits State and...

Judge Rules LIHTC Program's Right of First Refusal Is Unique

May 27, 2022    

Nonprofit sponsor wins in LIHTC right of first refusal case.

 

Bipartisan Bill Seeks to Unlock American Rescue Plan Funds for Stalled LIHTC Developments

April 28, 2022    

Reps. Alma Adams (D-N.C.) and David Rouzer (R-N.C.) recently announced the LIHTC Financing Enabling Long-Term Investment in Neighborhood Excellence Act or LIFELINE Act. This legislation would make American Rescue Plan funds more compatible for LIHTC housing developments.