Online Alerts

Online Alerts

New Congress Offers Chance to Advance Affordable Housing Initiatives

January 13, 2021    

Since Senators-elect Reverend Raphael Warnock and Jon Ossoff won the Jan. 5 Georgia run-off elections, the Senate will be evenly divided between 50 Republicans and 50 Democrats. Vice President-elect Kamala Harris will decide the outcome of any tied votes through her role as President of the...

LIHTC’s Role in Rural ‘Persistent Poverty Counties’

January 13, 2021    

Freddie Mac recently published a paper exploring the multifamily housing market in rural Persistent Poverty Counties with a special focus on the primary means by which the federal government supports the development of affordable housing nationwide -- the Low-Income Housing Tax Credit program....

Report Highlights Ongoing Housing Instability Among Renters

January 13, 2021    

Urban Institute recently issued a survey and report entitled “The Looming Eviction Cliff: Findings from the Urban Institute Coronavirus Tracking Survey.” The data from this report come from the second wave of Urban Institute’s Coronavirus Tracking Survey, administered between...

Yellen Nominated to Head Treasury Department

December 9, 2020    

President-elect Joe Biden has named Janet Yellen as his nominee for Secretary of the Treasury. Yellen was the chairwoman of the Federal Reserve from 2014 to 2018, and she would be the 78th Treasury Secretary and first woman to hold the position if confirmed by the U.S. Senate. The Treasury...

Report: COVID Eviction-Related Costs Will Top $60B

December 9, 2020    

The Innovation for Justice (i4J) Program at the University of Arizona and the National Low Income Housing Coalition (NLIHC) recently released a research report entitled, “Costs of Covid-19 Evictions.” It highlights some of the public costs of eviction-related homelessness that the...

IRS, Treasury Propose Average Income Test Regs

November 11, 2020    

On Oct. 29, the IRS published for public comment a notice of proposed rulemaking on the Housing Credit Average Income Test minimum set-aside.

Voucher Protection Laws Expand at State and Local Levels

November 11, 2020    

The share of voucher holders covered by voucher protection laws is growing, according to a recent report from The Urban Institute and the Poverty & Race Research Action Council (PRRAC). Their dataset and accompanying report entitled,...

IRS Announces 2021 LIHTC, Bond Caps

October 28, 2020    

The Internal Revenue Service has announced an increase in the private-activity bond volume cap while the low-income housing tax credit (LIHTC) multiplier will remain the same in 2021. The multiplier is $2.8125, which is multiplied by a state’s population to determine the volume of 9...

HUD Marks National Lead Poisoning Prevention Week

October 28, 2020    

Despite the important focus on COVID-19, lead safety in the home remains a high priority for all Americans. HUD has joined the U.S. Environmental Protection Agency, the Centers for Disease Control and Prevention, and additional partners, in highlighting this issue during National Lead Poisoning...

NFHA Files Lawsuit Challenging Revisions to the Final Disparate Impact Rule

October 28, 2020    

The National Fair Housing Alliance (NFHA), the NAACP Legal Defense and Educational Fund, Inc. (LDF), Fair Housing Advocates of Northern California, and BLDS, LLC filed a federal lawsuit to challenge HUD’s recent revisions to the final disparate impact rule that shifted the burden of proof...

IRS Announces $3.1 Million in 2020 LIHTC National Pool

October 14, 2020    

The Internal Revenue Service (IRS) recently published Revenue Procedure 2020-42 announcing $3,105,001 of unused LIHTCs allocated from the national pool to 33 qualified states for calendar year 2020. The national pool in 2020...

Social Security Benefits to Increase 1.3 Percent in 2021

October 14, 2020    

The Social Security Administration recently announced the Cost-of-Living Adjustment (COLA) for 2021. Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 1.3 percent in January 2021. Increased payments to more than 8 million SSI...