In the News

In the News

HUD Seeks Comments on Collection of LIHTC Site, Tenant Data

March 31, 2022    

HUD recently published a notice seeking comments evaluating HUD’s annual collection of information of data on LIHTC sites and tenants. The notice can be found at

Report Highlights Need for Comprehensive, Well-Funded National Housing Policy

January 31, 2022    

After a cooldown early in the pandemic, rental housing demand has come back aggressively in the second year, reducing vacancy rates and driving up rents, according to Harvard’s Joint Center for Housing Studies (JCHS). Its recently released annual “America’s Rental Housing 2022...

IRS Issues Guidance on LIHTC Fixed 4% Rate

December 28, 2021    

The Consolidated Appropriations Act, enacted in late 2020, amended Internal Revenue Code (IRC) Section 42(b) and established a minimum 4 percent credit rate for qualifying LIHTC projects. To qualify for the 4 percent minimum credit rate, a building must be placed in service after Dec. 31, 2020,...

FHFA Sets Higher Affordable Housing Goals for Fannie and Freddie

December 28, 2021    

The Federal Housing Finance Agency (FHFA) recently issued a final rule for Fannie Mae and Freddie Mac that establishes the benchmark levels for the multifamily housing goals for 2022. To help meet these goals, Fannie Mae and Freddie Mac, in part, capitalize on opportunities to finance LIHTC...

House Passes $1.7T Build Back Better Act with LIHTC Provisions

November 30, 2021    

On Nov. 19, the U.S. House of Representatives passed the Build Back Better Act. The bill passed 220-213 and now goes to the Senate. This $1.7 trillion bill includes an historic expansion of the low-income housing tax credit. According to estimates, the bill could finance nearly 812,000...

Court Affirms Nonprofit's Ownership of LIHTC Site

September 30, 2021    

As property values have increased, there’s been more litigation about what a below-market right of first refusal means.


On Sept. 15, the Third District Court of Appeals for the State of Florida affirmed a Florida nonprofit’s ownership of an LIHTC site....

OCC Will Rescind Trump-Era CRA Rule

July 29, 2021    

The Office of the Comptroller of the Currency (OCC) recently announced it will propose rescinding the Community Reinvestment Act (CRA) rule issued in May 2020. In 2020, the OCC proposed regulations intended to modernize the agencies’ regulations under the CRA, which haven’t been...

Report Finds Rents Out of Reach for Those Earning Minimum Wage

July 29, 2021    

Every year, the National Low Income Housing Coalition (NLIHC) puts out its "Out of Reach" report examining the housing wage, the hourly wage a full-time worker must earn to afford a modest, safe rental home without spending more than 30 percent of their income on housing costs. The...

Study Assesses Housing Markets Amid Post-Pandemic Recovery

June 24, 2021    

Harvard University’s Joint Center for Housing Studies recently released its annual “State of the Nation’s Housing 2021” report. You can download the report at

Realtors Appeal CDC Eviction Moratorium to Supreme Court

June 24, 2021    

In early June, the U.S. Court of Appeals for the District of Columbia ruled that it would continue to stay a lower court ruling seeking to overturn the CDC eviction moratorium. In the lower court ruling, a federal judge set aside the CDC's nationwide moratorium which expires on June 30, 2021...

White House Proposes LIHTC-Inspired Program to Address Racial Wealth Gap

June 24, 2021    

The Biden-Harris administration recently announced a set of proposals designed to help narrow the racial wealth gap and reinvest in distressed communities, focusing on expanding access to homeownership and small business ownership. The administration’s announcement provides new information...

Federal Judge Vacates CDC Eviction Moratorium

May 27, 2021    

On May 5, 2021, a federal judge in the District of Columbia set aside the CDC's nationwide moratorium on residential evictions, which the CDC had recently extended beyond its congressionally approved expiration date of March 31 to June 30, 2021 [Alabama Association of Realtors, et al. v. U.S...