The White House Opportunity and Revitalization Council, chaired by HUD Secretary Ben Carson, recently published its Implementation Plan. It details how the council will accomplish the goals specified in Executive Order 13583 of Dec. 12, 2018. The Implementation Plan explains the various...
The National Housing Conference (NHC) recently released its 2018 Paycheck to Paycheck report and database highlighting housing affordability challenges for workers in 81 occupations living in 259 metropolitan areas in the United States. The annual report focuses on the affordability challenges...
HUD recently announced charges against Facebook for violating fair housing law by encouraging, enabling, and causing housing discrimination through the company’s advertising platform. The federal Fair Housing Act prohibits discrimination against consumers based on race, color, religion,...
The National Low Income Housing Coalition recently released its annual report, The Gap: A Shortage of Affordable Homes. Its analysis found that there are only 37 affordable and available rental homes for every 100 extremely low-income renter households nationwide. These renter households also...
Six senators recently sent a letter to IRS Commissioner Charles Rettig requesting that he issue a notice clarifying that affordable housing projects for veterans that comply with the LIHTC General Public Use criteria are also eligible for Private Activity Bonds (PABs).
The IRS recently released 2019 population figures indicating that the 2019 LIHTC ceiling and tax-exempt private activity bond (PAB) cap for all states will increase. From 2018–2019, the U.S. population increased by 1,448,256 people to 327,167,434 in total, representing a 0.4 percent gain....
HUD’s Office of Multifamily Housing Programs recently published a Housing Notice and related Mortgagee Letter that expands the use of an LIHTC pilot program into New Construction and Substantial Rehabilitation loan products under Sections 221(d)(4) and 220.
More than a year after the Missouri Housing Development Commission voted to freeze the state’s LIHTC program, the Missouri State Senate recently signaled initial approval to bring it back with a few changes. Senate Bill 28 would set the state’s cap on spending to a 72.5 percent match...
Several 2020 presidential candidates have introduced housing proposals. Three of the top Democratic contenders in 2020, Senators Kamala Harris, Cory Booker, and Elizabeth Warren, have already introduced major proposals in the Senate that would reshape affordable housing in America.
CoreLogic, a financial services company providing financial and property information analytics, recently released its 2018 Natural Hazard report. The report examines the impact of last year’s natural disasters on residential and commercial real estate. According to the National Oceanic and...
Since the government has been reopened temporarily, developers and property owners have been anticipating IRS guidance on the new Qualified Opportunity Zone (QOZ) provisions included in the Tax Cuts and Jobs Act. The QOZ incentive provision allows taxpayers who recognize a gain from the sale of...
The Boston University Initiative on Cities recently announced the results of its 2018 Menino Survey of Mayors, a nationally representative survey of mayoral thoughts and challenges on today’s top issues. According to the survey, which is based on interviews with a representative sample of...
