Online Alerts

Online Alerts

District Court Dismisses Disparate Impact Suit Against Treasury Dept.

February 14, 2019    

A U.S. District Court in Texas recently dismissed a lawsuit by Inclusive Communities Project Inc. against the U.S. Department of Treasury and the Office of the Comptroller of the Currency (OCC). The Treasury Department oversees the LIHTC program, and the OCC oversees the banks that make a...

HUD Sends Proposed Changes to Disparate Impact Regs to OMB

February 14, 2019    

HUD recently submitted to the Office of Information and Regulatory Affairs (OIRA) at the Office of Management and Budget (OMB) proposed changes to its 2013 Disparate Impact Rule. HUD’s disparate impact rule was enacted by HUD during the Obama administration and is used as a way to enforce...

Research Finds Millions of Families Live in Economic Uncertainty

February 14, 2019    

Prosperity Now, a national nonprofit dedicated to expanding economic opportunity for low-income families and communities in the United States, recently released a report called the “2019 Prosperity Now Scorecard.” The Scorecard ranks states on 52 outcome measures across five issue...

Report Characterizes Poverty in America

January 17, 2019    

The Hamilton Project of the Brookings Institution recently released an update of its study on poverty in America. For the past few years, the Hamilton Project has released an annual report characterizing poverty in America. The latest one, “Who was Poor in the United States in 2017,...

California’s New Governor Prioritizes Housing Supply Law Reform

January 17, 2019    

As part of his first proposed budget, new California Governor Gavin Newsom proposed to aggressively reform the state’s housing supply laws by withholding transportation funds from local governments that don’t meet new housing production targets. The governor also proposes overhauling...

NYC’s HPD Awards $18.1 Million in LIHTCs

January 17, 2019    

The New York City Department of Housing Preservation and Development (HPD) allocates a portion of the State of New York's federal Low Income Housing Tax Credit. The amount of HPD's authority is negotiated annually with the state. Typically, HPD allocates $12 to $14 million in credits per...

ACTION Campaign Updates District-Level Fact Sheets

December 13, 2018    

The A Call To Invest in Our Neighborhoods (ACTION) Campaign is a national, grassroots coalition of over 2,200 national, state, and local organizations and businesses calling on Congress to protect, expand, and strengthen the LIHTC program. The group recently updated its fact sheets showing the...

Revised Tax Relief Package Retains LIHTC Veterans Provision

December 13, 2018    

Rep. Kevin Brady, R-Texas, chairman of the House Ways and Means Committee, recently introduced a revised year-end tax relief package that continues to include a provision to clarify that veterans are a specified group for purposes of the LIHTC program. Some industry members had raised concerns...

Study Finds Post-9/11 Veterans Struggle with Housing Affordability

December 13, 2018    

A recent study from Apartment List entitled, The Housing Affordability Struggle of 21st Century Veterans, found that post-9/11 veterans are more likely to struggle with housing affordability than veterans of previous generations. According to the study, post-9/11 veterans have become the first...

Freddie Mac Releases White Papers on LIHTC Use in Rural Areas

November 8, 2018    

Freddie Mac recently published two white papers, “LIHTC in Middle Appalachia” and “LIHTC in Indian Areas,” highlighting how the LIHTC is being used to bring affordable rental housing to underserved markets. The series is a component of Freddie Mac’s Duty to Serve...

CBBP Report Looks at Source-of-Income Non-Discrimination Laws

November 8, 2018    

A recent report by the Center on Budget and Policy Priorities (CBPP), Prohibiting Discrimination Against Renters Using Housing Vouchers Improves Results, finds that only one out of three housing voucher holders are protected by source-of-income non-discrimination laws. CBPP interviewed policy...

Freddie Mac Closes Second LIHTC Fund Since Re-entering Market

November 8, 2018    

Freddie Mac recently announced that it has closed its second LIHTC fund since re-entering the market earlier in September, and the first fund managed by Hudson Capital. The Hudson Housing Tax Credit Fund will invest nationwide to create and preserve affordable homes. It will focus on...