Online Alerts

NCHFA Report Summarizes Impact of LIHTC in North Carolina

June 14, 2018    

According to a recent report issued by the North Carolina Housing Finance Agency, the LIHTC has created $75 billion in property value, $923 million in tax revenue, and 137,000 jobs in North Carolina over the history of the program. The LIHTC has financed 83,000 apartments in the state, including...

HUD Announces "Protect Our Kids!" Campaign

June 14, 2018    

HUD Secretary Ben Carson recently announced the “Protect Our Kids!” Campaign, a Department-wide enforcement effort to protect young children from lead poisoning in older housing. The campaign aims to get landlords and sellers of older homes to fulfill responsibilities to disclose...

IRS Publishes Revised Form 8609

June 14, 2018    

Following the authorization from the 2018 omnibus spending bill passed earlier this year for the “income-averaging” option for minimum set-aside elections in the LIHTC program, the IRS has published a revised Form 8609. Form 8609 is used for Low-Income Housing Credit Allocation...

Philly Task Force on Eviction Prevention Releases Draft Report

May 10, 2018    

The city of Philadelphia's Task Force on Eviction Prevention and Response recently released a draft report outlining 17 recommendations for eviction prevention and the provision of additional legal aid for tenants.

Treasury and IRS Seek Comments for Priority Guidance Plan

May 10, 2018    

The Department of the Treasury and Internal Revenue Service (IRS) recently published Notice 2018-43 soliciting public comment on recommendations for items that the Treasury/IRS should include in its 2018–2019 Priority Guidance Plan. The Priority Guidance Plan identifies guidance projects...

Report Looks at Tradeoffs Faced by Low-Income Families with Children

May 10, 2018    

A recent report entitled “Low-Income Families with Children Face Affordability/Unit Size/Neighborhood Opportunity Tradeoff in Housing Search,” issued by Brandeis University’s School of Social Policy and Management, looked at the siting of lower-cost rental housing homes that...

HUD, DOJ Announce Initiative to Fight Sexual Harassment in Housing

April 19, 2018    

HUD and the Department of Justice (DOJ) recently announced the nationwide rollout of an initiative aimed at increasing awareness and reporting of sexual harassment in housing. The announcement includes an interagency task force between the HUD and the DOJ to combat sexual harassment in housing,...

Treasury and IRS Designate Opportunity Zones for 18 States

April 19, 2018    

The U.S. Department of Treasury and the IRS recently announced the first round of Opportunity Zone designations in 15 states and three territories.

Researchers Release National Database of Evictions

April 19, 2018    

The Eviction Lab at Princeton University recently released the first national database of court eviction records in the United States. The Eviction Lab is a team of researchers, students, and website architects who believe that a stable, affordable home is central to human flourishing and...

ACTION Campaign Focused on Influencing Spending Legislation

March 8, 2018    

The A Call To Invest in Our Neighborhoods (ACTION) Campaign is a national, grassroots coalition of over 2,100 national, state, and local organizations and businesses calling on Congress to protect, expand, and strengthen the Low-Income Housing Tax Credit. Its most immediate focus is the omnibus...

IRS Releases Adjusted 2018 Caps for LIHTCs, PABs

March 8, 2018    

The IRS recently issued Revenue Procedure 2018-18, which includes updated low-income housing tax credit (LIHTC) and private activity bond (PAB) state cap numbers based on a chained consumer-price index introduced by tax legislation...

Report Finds FEMA Underestimates Flood Risk

March 8, 2018    

A report recently released by the University of Bristol, U.K., and the Nature Conservancy entitled, “Estimates of Present and Future Flood Risk in the Conterminous United States,” concludes that FEMA’s flood hazard maps account for only one-third of the total population that is...

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