Despite low interest rates and continued growth in some sectors, the health and economic consequences of COVID-19 coupled with racial tensions and climate change across the nation have exacerbated the rental supply and affordability crises, according to the recent 2020 State of the Nation’...
The Consumer Financial Protection Bureau (CFPB) has announced that the IRS has extended to Nov. 21 the deadline to apply for a CARES Act Economic Impact Payment (EIP) for people who don’t normally file income taxes. The deadline had been Oct. 15 for eligible people to apply for their...
On Oct. 9, the CDC issued FAQs for the eviction moratorium in place from Sept. 4 through Dec. 30. The FAQs were issued jointly by the CDC, HUD, the Department of Health and Human Services (HHS), and the Department of Justice (DOJ) to clarify outstanding questions related to the declaration used...
Senate Finance Committee ranking member Ron Wyden (D-Ore.), along with Senators Jeff Merkley (D-Ore.), Dianne Feinstein (D-Calif.), Patty Murray (D-Wash.), and Kamala Harris (D-Calif.), recently introduced a bill in the Senate to offer tax relief to individuals, businesses, and states affected...
The Center on Budget and Policy Priorities (CBPP) recently launched a Final 30 Days Push campaign to help eligible people apply for their Economic Impact Payments (EIPs), better known as “stimulus checks,” before the Oct. 15 deadline. According to the IRS, there are roughly nine...
U.S. renters will owe up to $34 billion in past-due rent by January, increasing eviction filings and imposing punishing financial hardship on millions in just a few months, according to a recent report by the National Council of State Housing Agencies (NCSHA). The report estimates roughly 10...
Senate Democrats recently announced a proposal to invest $350 billion in communities of color, including specific policies that would increase investments in affordable housing and promote racial equity in homeownership.
The Economic Justice Act proposes to provide communities of color...
The U.S. Government Accountability Office (GAO) recently reported changes in renter households and affordability from 2001 to 2017. The report, “As More Households Rent, the Poorest Face Affordability and Housing Quality Challenges,” is the first in a GAO series that aims to provide...
Because of the economic uncertainty related to the ongoing pandemic, the Federal Housing Finance Agency (FHFA) recently proposed that its 2021 housing goals remain at the levels that they were for 2018–2020. The proposal establishes housing goals for single-family and multifamily housing...
Senator Ron Wyden of Oregon, the ranking member of the Senate Finance Committee, recently released a list of affordable housing priorities he will push for in the next round of COVID-19 relief legislation. His priorities are directed toward supporting LIHTC sites. Wyden’s focus on...
In late March, HUD released the latest annual report that analyzes LIHTC household data collected as a result of the Housing and Economic Recovery Act (HERA) passed in 2008. Among other things, HERA requires each housing finance agency (HFA) that administers the LIHTC to submit certain...
Harvard’s Joint Center for Housing Studies (JCHS) recently released its annual “America’s Rental Housing 2020” report. The new report shows that rental markets are still extremely tight despite slowing demand and the continued strength of new construction. The JCHS report...
